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  1. #1251
    Join Date
    Oct 2005
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    Wasatch
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    6,139
    Quote Originally Posted by Meadow Skipper View Post
    Itís a US federal thing. They didnít eliminate FF/LEO retirement, just back in the Reagan years the feds switched from a classic formula pension determined by a percentage (which increased by the # of years worked) of your annual salary of the last 3 years over to a Social Security + a 401-type of thing that went into different stock funds. Essentially, from defined benefits to something more like 401k, plus some SS. I got in on the old system, Civil Service Retirement System/CSRS. But the feds still pick up their share of my health care insurance that I had pre-retirement, which is cool. Good policies too, no pre-existing bullshit.

    I put in a long stretch in wildland fire, and the FF/LEO system made me eligible at 50.
    I walked away from the sweet embrace of Uncle Sam with 7 years of service. The FERS system is less of a good deal. 1 percent of your high three for every year worked. So if you put in 30 years and hit retirement age, you can get 30 percent of your salary for the DB portion. To top that off and make it enough to live on, you can use the defined contribution TSP, which is a 401k equivalent. The other difference is that you're social security eligible and pay taxes as such.

    I think it would behoove me to put in 3 more years as a fed before I hang up the spurs so I can age my kitty bitty DB pension forward and have the ability to keep the employer contributions to health insurance if I'm not Medicare eligible at that point. But all that is a long way off and I'm not basing my retirement plan around that little pension.

    Sent from my Pixel 3a using Tapatalk

  2. #1252
    Join Date
    Dec 2011
    Location
    PNW
    Posts
    5,563
    Quote Originally Posted by ncskier View Post
    I’m late 40’s.
    And yes lots of 30-32 year olds have 401k balances that are around 240k .
    If you max your 401k get your employer match and compounding will get you to 200-250 in 8-9 years. I am Vp at private company and see what many youngsters in our office save and they are doing well. Not
    To mention 401k profit sharing we dole out, many young folks at our office are saving 25-30k per year pre tax with their contributions, employer match and profit
    sharing. These are young IT graduates and cpa types.
    Besides if not 30 many 40 years do and when they roll over 401ks to ira’s is when fees really add up.
    And for the love of god, nobody should be paying front load fees. I am not a licensed financial planner, but 1.5-2% is rapacious.


    Sent from my iPhone using Tapatalk
    I finally had time to run the numbers on my American Funds vs Vanguard Index Funds

    Current value is $519k

    I recently moved 1/4 of the funds to a bond fund, so I have 5 funds now. The comparison is with 4 funds

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  3. #1253
    Join Date
    Oct 2003
    Location
    Big in Japan
    Posts
    47,297
    I recently found a pretty good weekly podcast from two guys who have been doing this for twenty years on radio. Never heard of them. Very solid stuff.

    https://allworthfinancial.com/podcast/money-matters

    The world is perfect. Appreciate the details.

  4. #1254
    Join Date
    Sep 2004
    Location
    LV-426
    Posts
    18,070
    Bump for the "who's rich, who's not" debate in the Real Estate Crash thread.
    Quote Originally Posted by powder11 View Post
    if you have to resort to taking advice from the nitwits on this forum, then you're doomed.

  5. #1255
    Join Date
    Sep 2005
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    PRB
    Posts
    25,921
    Quote Originally Posted by El Chupacabra View Post
    Bump for the "who's rich, who's not" debate in the Real Estate Crash thread.
    Apparently, you can be "rich" yet nowhere near "the number", which is news to me.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  6. #1256
    Join Date
    Aug 2007
    Location
    At the beach
    Posts
    15,340
    Quote Originally Posted by Danno View Post
    Apparently, you can be "rich" yet nowhere near "the number", which is news to me.
    Right? According to crew "Butt Hurt" the Misses and I are ballers, cuz we have equity (can't touch it) and pensions (her now & me in 3 years) along with some rental income. Doing ok, but still praying baby jesuz gives me that winning lotto ticket sooner than never.
    Quote Originally Posted by leroy jenkins View Post
    I think you'd have an easier time understanding people if you remembered that 80% of them are fucking morons.
    That is why I like dogs, more than most people.

  7. #1257
    Join Date
    Mar 2019
    Posts
    275
    Quote Originally Posted by liv2ski View Post
    Right? According to crew "Butt Hurt" the Misses and I are ballers, cuz we have equity (can't touch it) and pensions (her now & me in 3 years) along with some rental income. Doing ok, but still praying baby jesuz gives me that winning lotto ticket sooner than never.
    Name:  mac and charlie crying.PNG
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  8. #1258
    Join Date
    Jul 2014
    Location
    TennesseeJed
    Posts
    9,958
    I sell cars to the guy who started Dollar General. Rich is such a subjective term.

    Speaking of... If anyone needs a nice sized house in Parker, I can hook it up with the Mag deal.


    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  9. #1259
    Join Date
    Mar 2019
    Posts
    275
    OMG. like, wow! that's so cool and interesting.

  10. #1260
    Join Date
    Jul 2014
    Location
    TennesseeJed
    Posts
    9,958
    Quote Originally Posted by mcphee View Post
    OMG. like, wow! that's so cool and interesting.
    I guess we know where to file you as far as net worth... Lol.
    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  11. #1261
    Join Date
    Oct 2003
    Location
    Seattle
    Posts
    22,472
    Quote Originally Posted by Bobby Stainless View Post
    I sell cars to the guy who started Dollar General. Rich is such a subjective term.

    Speaking of... If anyone needs a nice sized house in Parker, I can hook it up with the Mag deal.


    When your house could be confused with a hotel or resort, you know you've taken it too far.

  12. #1262
    Join Date
    Dec 2006
    Location
    Planning an exit
    Posts
    5,587
    Quote Originally Posted by Bobby Stainless View Post
    I guess we know where to file you as far as net worth... Lol.
    Larger penis than the guy constantly trying to prove how wealthy he is?

  13. #1263
    Join Date
    Mar 2019
    Posts
    275
    Quote Originally Posted by Bobby Stainless View Post
    I guess we know where to file you as far as net worth... Lol.
    file away, loser. we're doing just fine.

  14. #1264
    Join Date
    Feb 2004
    Location
    Loveland, Chair 9.
    Posts
    4,753
    Quote Originally Posted by Danno View Post
    Apparently, you can be "rich" yet nowhere near "the number", which is news to me.
    or you go the anti-consumer way in a couple of ways:

    https://www.amazon.com/Poor-Richards.../dp/B0725GG5LK - poor Richards retirement

    or

    https://www.amazon.com/Poor-Richards.../dp/B0725GG5LK - early retirement extreme.

    i drive a Mercedes SL500 with 25,000 miles on it and i paid 23k for it, now, mine is a 2004 and it doesn't have all the new tech stuff a 2021 has but the design hasn't changed much and i paid 1`/4 the price. most those guys buying new SL's will be paying a payment equal that of a small house in the suburbs.
    TGR forums cannot handle SkiCougar !

  15. #1265
    Join Date
    Jul 2014
    Location
    TennesseeJed
    Posts
    9,958
    Quote Originally Posted by concretejungle View Post
    Larger penis than the guy constantly trying to prove how wealthy he is?
    Reading is hard when you are unintelligent I guess.

    What's wealthy to you isnt to the next guy. Jong had to come in and make a dumbass comment and got dealt with.

    Once you meet a guy that wealthy... Nothing else is that impressive.

    Do you spend a large amount of time checking out dicks?

    Quote Originally Posted by mcphee View Post
    file away, loser. we're doing just fine.
    #broke
    "I don't pretend to have all the answers, and I think there's something to be said for that" -One For The Road

    Brain dead and made of money.

  16. #1266
    Join Date
    Oct 2008
    Location
    Wenatchee
    Posts
    9,202
    Quote Originally Posted by SkiCougar View Post
    or you go the anti-consumer way in a couple of ways:

    https://www.amazon.com/Poor-Richards.../dp/B0725GG5LK - poor Richards retirement

    or

    https://www.amazon.com/Poor-Richards.../dp/B0725GG5LK - early retirement extreme.

    i drive a Mercedes SL500 with 25,000 miles on it and i paid 23k for it, now, mine is a 2004 and it doesn't have all the new tech stuff a 2021 has but the design hasn't changed much and i paid 1`/4 the price. most those guys buying new SL's will be paying a payment equal that of a small house in the suburbs.
    This is an amazingly pointless anecdote, kudos


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  17. #1267
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    Oct 2008
    Location
    Wenatchee
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    9,202
    Quote Originally Posted by Bobby Stainless View Post
    Reading is hard when you are unintelligent I guess.

    What's wealthy to you isnt to the next guy. Jong had to come in and make a dumbass comment and got dealt with.

    Once you meet a guy that wealthy... Nothing else is that impressive.

    Do you spend a large amount of time checking out dicks?



    #broke
    I like how you assume that you ďdealtĒ with the poor guy. Iím not impressed by wealth, and yes Iíve had dinner and conversation with a billionaire.

    Why the homophobic jab?


    Sent from my iPhone using TGR Forums

  18. #1268
    Join Date
    Mar 2019
    Posts
    275
    Quote Originally Posted by Bobby Stainless View Post
    Reading is hard when you are unintelligent I guess.

    What's wealthy to you isnt to the next guy. Jong had to come in and make a dumbass comment and got dealt with.

    Once you meet a guy that wealthy... Nothing else is that impressive.

    Do you spend a large amount of time checking out dicks?



    #broke
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    "dealt with". fucking hysterical

  19. #1269
    Join Date
    Aug 2018
    Location
    Cackalacky
    Posts
    2,880
    The fuck is going on here?


    Sent from my iPhone using TGR Forums
    you don't want no smoke.

  20. #1270
    Join Date
    Dec 2012
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    I smell poutine!!!
    Posts
    14,321
    Quote Originally Posted by The AD View Post
    When your house could be confused with a hotel or resort, you know you've taken it too far.
    Or a small city.

  21. #1271
    Join Date
    Sep 2005
    Location
    PRB
    Posts
    25,921
    Quote Originally Posted by stealurface831 View Post
    The fuck is going on here?


    Sent from my iPhone using TGR Forums
    Welcome to the Bobby Stainless show! A weird dude who never lets things go and brings about weird triggered behavior in others.
    "fuck off you asshat gaper shit for brains fucktard wanker." - Jesus Christ
    "She was tossing her bean salad with the vigor of a Drunken Pop princess so I walked out of the corner and said.... "need a hand?"" - Odin
    "I'd eat a bag of Dicks and wash it down with a Coke any day." - iceman

  22. #1272
    Join Date
    Oct 2005
    Location
    Idaho
    Posts
    9,561
    Hoping for a full on Tom Cruise meme meltdown soon. Please don't disappoint.

  23. #1273
    Join Date
    Dec 2003
    Location
    Seattle
    Posts
    32,161
    Hurley Calister "Cal" Turner (May 28, 1915 - November 20, 2000) was an American businessman. He was the co-founder of Dollar General alongside his father.

    James Luther "J.L." Turner (February 28, 1891 - April 19, 1964) was the founder of J.L. Turner and Son, the predecessor of Dollar General.

    Selling exotic cars to dead people.
    Quote Originally Posted by Downbound Train View Post
    And there will come a day when our ancestors look back...........

  24. #1274
    Join Date
    Oct 2003
    Location
    closer
    Posts
    3,493
    Quote Originally Posted by stealurface831 View Post
    The fuck is going on here?


    Sent from my iPhone using TGR Forums
    It's the place to ask whether bmills is also rich or just timberridge?

    Bobby stainless is a car dealer so no matter how much material wealth he accumulates, he'll never be "rich" and the old money will let him know.
    It's a war of the mind and we're armed to the teeth.

  25. #1275
    Join Date
    Oct 2008
    Location
    Wenatchee
    Posts
    9,202
    Quote Originally Posted by stealurface831 View Post
    The fuck is going on here?


    Sent from my iPhone using TGR Forums
    Meet Bobby Stainless, heís our beer gutted dope grower/luxury used car salesman. He looks in the mirror each morning and imagines Ashley Schaffer starring back. Nashville is the cultural center of the universe and everything he does and has is better than you.


    Sent from my iPhone using TGR Forums

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