Reply to Men 45+ on OLD: are they all broke?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]I'm cheap af, and also poor by DC standards (only $1 million in the bank and $200k income).

But the bigger problem is that I have no intention of dissipating my wealth on an over-the-hill woman. [/quote]

What wealth?[/quote]

At age 55 only one or two percent of the population have $1 million or more in retirement savings. Of that one or two percent, 95 percent are married.

For my $1 million, that's just what I've been able to create since a divorce 9 years ago. By the time I retire I hope it's 2-3 times larger. [/quote]

90%ile  of every age bracket above 45 has NW over $1M.
[/quote]

I don't think so. The median household net worth (and we were discussing retirement funds not net worth) at age 55 is around $110,000, no where close to $1 million. And much of that net worth is in the form of housing, which is not liquid and which can crash in value. [/quote]

If you think people in this area or on this board represent the mean I don’t know what to tell you. Op is clearly not the mean and would match well with someone who is. The mean in this country is a pathetic standard.[/quote]

This board is chock full of lies and delusions. If everyone here was $5 million in net worth, the owner of the site would be an idiot to not have a huge membership fee. Also, the targeted ads are pretty middle-class. [/quote]

You are delusional. A pretty average home in NW DC or Bethesda is worth $1.5mm now. How much in NW do you think the women living there have ? Of course it’s well over $1mm. Read finance forum. People who started at WB/IMF/IFC before 1998 have 300k/year pensions. Feds have military pensions, current salaries and rentals. 300k combined income from  all sources is pretty common for the area and nothing to brag about.  
Signed $4.5mm NW mid 40s female. In addition to this current NW, I’m very frugal and save around $170k/year in my brokerage and pension combined. [/quote]

People who are currently in their mid 40s did not start working at the WB/IMF/IFC before 1998.  That's when we graduated high school or were in college.[/quote]

We know some WB/IMF families who seem very well off. I just assume family money. I don’t doubt they have money. I just don’t think that wealth is all from their salaries.[/quote]

No one is getting rich at WB. My post about my dad's WB pension being paltry got deleted. So that means I was right about the BS she is spouting.

She's just a poor schmuck wishing she had money.[/quote]

Well, you are very wrong. Copying my older post about WB plans and salaries scale:

Your dad probably wasn't even a senior specialist at any of these, if his pension wasn't 2/3 of his salary. The WB Group pension plan was based on gross salary prior to April 15, 1998 and it was 2/3 of the highest annual compensation. They don't publish this information anymore in open access, and the present defined benefit net plan is a far cry from the old one. But those who joined prior to April 15, 1998 and retire now have insane pensions. You can look up the court case that references the old plans here: https://tribunal.worldbank.org/sites/default/...20IBRD%20-%20589.pdf
And the salaries scale is here: https://thedocs.worldbank.org/en/doc/64378161...l/HQSALARYSCALES.pdf

[/quote]

Lady, what is your deal? This is about broke guys online dating. I’m sure your dad is financially well off. Is your dad the one dating here?

People in their forties would not qualify for your 1998 pension. We were just graduating from high school and still in college.[/quote]

That was just in response to PP saying that her dad from WB group was nowhere near that pension. Her dad must be in his 40s, then[/quote]

You really are all over the place. Even if we took you at your word for the 2/3 salary calculation, one would need to be banking 900k at the WB to have a 300K pension. And would have had to have been there for either 26 years, or they would have to have been making the equivalent of 900K but back in .... 2012 or whatever.

It's bologna, and we all see it. Just give up already.[/quote]

Your math is seriously math: in order to get 300k pension as 2/3rds of your former salary, the salary should be 400K. Which is what senior level staff makes there pre-retirement age. I didn't say 900K[/quote]

DP here. Your math is still wrong. It would be 450k. Most people were not making 450 at WB. Maybe your dad was??? I don’t know what the highest paid person at WB was ten years ago.

An average WB worker is certainly not making 450k today at 45 and they don’t qualify for that 1998 pension anymore.[/quote]

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