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[quote=Anonymous][quote=Anonymous][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]

NP. Do you think $300k is normal? We make $275k currently, at 47 and 53, but luckily thanks to my family, we have a small inheritance. Thanks to buying our home 20 years ago and investing well, we have a solid nest egg. But to think most have been making $300k for a decade-wow. [/quote]

I got laid off my $360k job in Covid with two kids in college, a third at home, a stay at home wife, three cars, house with a total cost of $5,000 a month to run (mortgage, property tax, insurance, law service, water, gas, electric)

I need without college tuition $8,000 a month just to pay bills and buy food. But with 30k a month pay it all worked.

Yes I have some savings, 2 million in stocks, bonds and cash, maybe 1.4 million equity in house and 401k and some 529.

But at 58 when laid off I would “bleed out” with no new job. I don’t want to touch my savings, home equity or tap 401k or sell my small rental property.

Lucky I got a job paying 20k a month still a big haircut but at least I can survive till 67.

I briefly had a job paying 160k and my boss was not appreciative I told him it feels like I pay to work here. I was not motivated. Each month I worked there my savings went down. It was not enough pay.

I am trying to hit 4 million in my 401ks, paid off house, last kid college paid for, all home repairs caught up and all new cars before next lay off [/quote]

Tell your wife to get a job. [/quote]

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