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College and University Discussion
Reply to "My advice to recent college grads"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous]I told my CS major kid to save a ton early on because there is a high chance they will get laid off in their early 50s. Or, to go up the management chain. Agree with OP - I told DC that EQ is just as important as IQ, even for technical roles. Luckily, DC is a great communicator (debate team). DH who worked in CS got aged out at 59. Luckily, we saved a lot early on when we were both making good money. I'm going to retire next year, still in my mid 50s.[/quote] +1 my dad was laid off in his 50s from an executive-level job back in the 90s. DH was a software engineer and fully expected to get laid off in his 50s so we planned around that. Actually made it to 59. I'm still working but we are completely fine financially and I plan to retire in a couple years (I'm 7 yrs younger than him).[/quote] This 1000% Save, save save when you can. Live below your means (if you are in tech, you can likely do so fairly easily). Plan for being aged out in early 50s and be surprised if you are not. [/quote]
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