Reply to Layoffs at 50

Forum Index » Jobs and Careers

Reply to "Layoffs at 50"

Subject:

Emoticons





More smilies

Text Color: Font: Close Marks

[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We interviewed a guy in his 50s yesterday and I only know his age because he left his graduation years in his resume. I thought he was a good candidate, but my boss told me plainly "he is too old". I was shocked. I guess that will be in a decade. I am 30. [b]I am saving as much as I can because the work culture in this country is heartless.[b][/quote]

It is. Save every penny and invest aggressively when you're young. It pays off in the end. We're in a position now where the sole earner's job was eliminated at 53. Even with two kids in college and one in private high school, we are fine financially if neither of us works again. We will because we need something to do, but save as much as you can as early as you can. We've drilled this into our kids as well.  [/quote]

We saved aggressively, living like grad students most of our life, put most of the money in index funds, but we are no where near that position to retire at 53.

We only made about $150k each, so maybe you made much more. Or invested in crypto something? [/quote]
dp..

If your HHI has been $300K for at least 10 years, you should have been able to save a fair amount so far.  Where is your income going?[/quote]

We bought a house, which cost $1.4M for an Shahani with short commute

I mean we have like $1M in retirement accounts, we are on track to retiree at 62, but we don’t have college fully funded nor private school tuition from cash on hand if we just stopped working. [/quote]

Options

	Disable HTML in this message
	Disable BB Code in this message
	Disable smilies in this message

Review message

Search Recent Topics Hottest Topics