He’s also a teacher which is a pretty in demand job right now, so should be able to easily return to work if needed.
Personally, I’d work a few more years to get the bump in pension and save a bit more, but I don’t think he’s being completely unreasonable. So long as he stays single and doesn’t pick up any expensive hobbies, he’d probably be ok.
Are any single boggleheads factoring in increased possibility of getting stuck paying child support due to decreased access to abortion?
thats really the biggest obstacle, being single forever in a town where a house costs $160k sounds pretty awful, and also after losing the social aspect of teaching i’d imagine he would start wanting to travel or do other things that cost money sooner than later
That thread is infuriating. I don’t even know where to start.
https://www.bogleheads.org/forum/viewtopic.php?t=382723&start=250
Ive been getting a bit concerned today. Some recent big time layoff numbers in significantly large companies, and HBO/Discovery absolutely wafflecrushing their streaming/entertainment division to save billions is making it increasingly clear a recession is on the way.
Curious what you all think/remember from 2008. Obviously that crash came on a lot faster than this possible recession, but how early into things going tits up did we start to see major companies issuing significant layoffs?
Robinhood, Beyond, Soundcloud, and most significantly, Walmart and Oracle announced corporate layoffs today.
Memory is recession started in early 2008, shit hit the fan in middle 2008 with big layoffs starting around then and then gradually continued to get even worse through 2009. I got laid off from my first real job in 2009 with no new job prospects and took me years to recover 
I don’t yet see signs of a major recession. Tech compensation was completely out of control and supply chain / inflation is real but I don’t see much evidence this is a 2009 level event. That was a once in a generation economic meltdown.
At one point in 2008, there was for real for real concern that we should hoard cash because the banks weren’t going to be able to keep ATMs stocked and operating. Congress was going to delegate such open-ended and unconstrained authority to the fed and Treasury that a bunch of economists were like “that is so completely unstructured that it’s a terrible idea even if it might prevent a financial depression”. (I think it’s funny that my name is on that letter along with a bunch of actually informed people.)
The very mechanics of the financial system were failing. Nothing that’s happening now seems remotely close.
Agreed not there yet, but it does have ominous feel of 2008. Shit feels very unsettled and oh btw, the GOP would love nothing more than to push us off the ledge if they take the House because that’s just how they roll when the President is a D.
We also have to remember that the entire world wasnt on fire in 2008 like it is now. Global warming is a MASSIVE money drain
Omg I hate that KlangFool guy on bogleheads and it seems like he posts in every thread
2008 was a once, maybe twice in a lifetime event. Our generation (millenials) were at a really influential age when it happened so probably believe the next one is a lot more likely to happen than it really is. Don’t pull out of the market or do anything stupid trying to predict the next 2008
Truly the worst and impossible to silence/ignore
You guys are just mad because you don’t have an emergency fund with 10 years expenses in it.
I know somebody who got one of those jobs and she is totally worth the money. She was a mother with two young kids and worked a series of low-paying menial jobs. She started playing the game ingress and became a star by being able to organize and execute complex world-wide operations involving up to 100+ people – plenty of complicated tasks and plenty of tedious tasks there. The game got her a foot in the door and poof, soon after she’s an executive assistant first at google then facebook working for top dogs. She’ll solve any problem she’s asked to and lots of problems nobody knows to ask about.
I forget which thread we were talking about EV tax credits in, but anyone know anything about this "transition rule
I placed a “reservation” for a car almost 6 months ago, knowing it wouldn’t arrive until the fall at the earliest. I had to give them a deposit of $300, which was refundable.
Apparently to do this all I have to do is “enter into a binding contract”. So in my case, I just had to fill in an online form saying that my “reservation” is now a "binding order’ and my deposit has become non-refundable. It was only a $300 deposit, so with 25-1 payout, I think it’s a no brainer to do it. But to be honest, this seems too easy. I’m still going to be surprised if I get it.
My buddy was paying a financial advisor $5K a year to manage his 401k. He makes like $60k a year. I was so flabbergasted when he told me. He was fine with it until he looked at his 12 month returns and they were down 20%.
Financial literacy in this country is so bad. He has since fired the guy after our talks.
He works for WD40. I guess that counts.
If I look at my index funds from about a month ago I was down 20% YOY too!
Not trying to pry too much…BUT I’m curious how much assets this person has? Maybe they had a multi-million inheritance, in which case $5k may be in line with “industry standards” (which are also bullshit and I’m not condoning at all). Also kinda curious how much they invest on a yearly basis, since I can only imagine how much more they had instead invested that into a standard index fund.