Reply to What is your "magic number" for retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]We are around $3.5M net worth including home equity of $400k and another $400k in 529. Our HHI rose drastically in the last two years and we are now able to save $250k-$300k per year. Another 10 years to work, we are 44 and 47. So thinking retire with somewhere around $7M net worth after paying two kids college. We both are in tech, so no guarantee that we will continue to be consistently employed or with high HHI.[/quote]
there's a lot more ageism in tech than in other industries.

We didn't feel ageism (in tech) until we hit our 50s.

Luckily, we saved a lot from our 30s, and so we are planning to retire in our late 50s, early 60s in a few years, with about $4 mil nw.[/quote]

Maybe I’m too much of a noob at my very large tech company, but I just don’t see the ageism thing. There are plenty of colleagues still going strong in their late 50s and early 60s. Maybe my company’s culture is just that good or that aware of age discrimination? I have no idea. But I’m early 40s and more frequently than not, the youngest person in the room or on the call. [/quote]

I think there is a difference between something like IBM, 3M or even Microsoft and places like Meta or Tesla or even Google.[/quote]

Noob here again and I work for one of those companies. So is the former group or the latter group the one that’s discriminating based on age? LOL, I’m clearly clueless about this. [/quote]

It's the IBMs, 3M, Microsoft type companies that don't have as much age discrimination as the hot, newer companies that try to run young and now lean. [b]Though I was just thinking today that with all their job cuts, I wonder if they are getting older and slower and trying to fix that.[/b][/quote]

Referring to Google in the bolded.[/quote]

Got it. I work for one of the former companies and this makes sense. Age discrimination has always seemed like something that goes against the nature of everything our chief executive stands for. [/quote]
yep, google's layoff is about pivoting more resources to AI. Companies that survive on new tech need younger talent.
[/quote]

hahahahhaha. It's about clueless management following investor fads to juice the stock price. [/quote]

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