The most prestigious law school admissions discussion board in the world.
|
 |
 
|
There are fed employees on reddit with $1M+ 401K balances at 42
Poast new message in this thread
Date: May 5th, 2024 10:21 AM Author: spruce depressive jap and they are not GS15s. Also, no debt. Nice house. Low COL. Pension. WTF? We did this wrong, bros. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636752) |
Date: May 5th, 2024 10:22 AM Author: effete wild garrison psychic low col is everything. a fedjob in are country is umc. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636758) |
 |
Date: May 5th, 2024 10:24 AM Author: razzmatazz drunken international law enforcement agency Dept Ag. bros absolutely crushing the Lincoln, NE rooftop bar scene (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636764) |
|
Date: May 5th, 2024 10:47 AM Author: glittery business firm newt (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636846) |
|
Date: May 5th, 2024 3:33 PM Author: Nighttime carnelian roommate (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637556) |
|
Date: May 5th, 2024 11:06 AM Author: demanding exciting filthpig center family money is everything hth (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636882) |
|
Date: May 5th, 2024 11:09 AM Author: spruce depressive jap These ppl on Reddit of all places don’t seem like they have much in the way of family money. If they did, they wouldn’t be living and working these types of jobs. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636896) |
|
Date: May 5th, 2024 11:16 AM Author: mustard vibrant area lol (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636916) |
|
Date: May 5th, 2024 11:34 AM Author: demanding exciting filthpig center The rich ones do (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636959) |
|
Date: May 5th, 2024 11:37 AM Author: spruce depressive jap rich ppl poast on reddit and work lame fed jobs? (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636968) |
|
Date: May 5th, 2024 12:51 PM Author: demanding exciting filthpig center yes its a classic trustie path (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637107) |
|
Date: May 5th, 2024 10:23 AM Author: mustard vibrant area well if the feds on reddit say so (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636761) |
|
Date: May 5th, 2024 10:36 AM Author: spruce depressive jap They screen cap their balance (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636811) |
|
Date: May 5th, 2024 10:50 AM Author: Vigorous impertinent selfie step-uncle's house Anybody can adjust that either with photoshop or just editing the HTML in source. Screencaps of account balances don't mean shit. Even Benzo can do this. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636850) |
|
Date: May 5th, 2024 11:03 AM Author: mustard vibrant area sounds like you have it figured out! (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636875) |
|
Date: May 5th, 2024 10:23 AM Author: Useless Location Isnt it a 403(b) or something technically (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636762) |
|
Date: May 5th, 2024 10:34 AM Author: spruce depressive jap Whatever. Same shit. The balance is shocking at 42. They’ve been maxing it for like 20 years plus they’ll have like a 50K/year pension + SS (4k/mo) + other investments. And this is some sps gov job. Imagine an executive SES like person (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636804) |
|
Date: May 5th, 2024 11:03 AM Author: Medicated people who are hurt senate Executive SES like position is gonna be in DC where COL will fuck them because COLA doesn't take into account private school to avoid niggers, driving to avoid niggers, increased rent to avoid niggers, etc. They should increase COLA 500% and call it CONAA (cost of nigger avoidance adjustment). The Lincoln, NE Ag bro on the rooftop probably has a higher balance than the SES bro in DC. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636872) |
|
Date: May 5th, 2024 11:04 AM Author: mustard vibrant area shekel shekel shekel (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636878) |
|
Date: May 5th, 2024 11:51 AM Author: Lascivious cruel-hearted generalized bond indian lodge SES don’t get a higher contribution limit (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636993) |
|
Date: May 5th, 2024 12:00 PM Author: Lascivious cruel-hearted generalized bond indian lodge Thrift Savings Plan (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637013) |
|
Date: May 5th, 2024 10:35 AM Author: light histrionic preventive strike They started putting into voo at age 21.. and I missed out even on 2022 drawdown (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636806) |
|
Date: May 5th, 2024 10:35 AM Author: Onyx potus Is that supposed to be a lot when a Taco Bell run for a family only 4 is $80 and every other house costs over a million? (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636807) |
|
Date: May 5th, 2024 10:38 AM Author: spruce depressive jap These ppl clearly live in a low COL area where you can get a 3K+ sf new home for 500K and they cook nutritious meals at home. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636817) |
|
Date: May 5th, 2024 10:39 AM Author: Onyx potus LJL and good luck getting your kids any kind of work in those areas. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636824) |
|
Date: May 5th, 2024 10:41 AM Author: spruce depressive jap I mean these ppl are 42. If they have kids they are like toddlers. Who cares about what work their kids will do in 20+ years. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636833) |
|
Date: May 5th, 2024 10:42 AM Author: Onyx potus Just do buy a house you will have no ability to flip in 30 years. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636837) |
|
Date: May 5th, 2024 10:45 AM Author: spruce depressive jap I’m not sure that’s their priority. These ppl seem to be living in quasi rural red states enjoying life and living close to family. Why would they move and flip the home? These aren’t MFH Jews. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636843) |
|
Date: May 5th, 2024 10:53 AM Author: Onyx potus Bro plenty of red places that aren’t shit but they all cost bank to live in. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636854) |
|
Date: May 5th, 2024 10:56 AM Author: spruce depressive jap Only going on what they say. My cousin lives in a non shithole area of a red state and lives extremely well on 200 HHI. Home was only 450K in a very nice area with decent schools. Taxes are low. They have new cars, no debt, take fun trips. They seem to enjoy life. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636857) |
|
Date: May 5th, 2024 10:58 AM Author: Onyx potus Cool story hoss. I live in Desantis country Florida and everything not pure shit here costs over $1 million. Honestly $1.2 million is what you really need and I’m not talking for crazy luxury — just not shit. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636862) |
|
Date: May 5th, 2024 10:59 AM Author: spruce depressive jap Florida is pretty shitty as far as costs go. He lives more north but 20 mins from the coast. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636865) |
|
Date: May 5th, 2024 10:35 AM Author: fuchsia lodge stain There are DOZENS of them! Dozens! (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636808) |
|
Date: May 5th, 2024 10:38 AM Author: spruce depressive jap Seems more like tens of thousands of them (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636819) |
|
Date: May 6th, 2024 2:02 PM Author: rambunctious point untold hundreds died in the holocaust (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47639577) |
|
Date: May 5th, 2024 10:54 AM Author: Irradiated cyan stock car Who's laughing at FizzKidd now? (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636856) |
|
Date: May 5th, 2024 11:08 AM Author: Medicated people who are hurt senate I am, from my phone that I can have on me at work. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636889) |
|
Date: May 5th, 2024 11:10 AM Author: Irradiated cyan stock car You can call me on my office phone e: aren't u the same poa that kvetches about getting client calls on the weekends? |
|
Date: May 5th, 2024 10:57 AM Author: talented piazza I have never made over 100k base salary, I rent, and have $1m+ net worth at 34. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636860) |
|
Date: May 5th, 2024 10:59 AM Author: fuchsia lodge stain Sex with Men for Money makes all things possible (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636864) |
|
Date: May 5th, 2024 11:14 AM Author: talented piazza cr (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636909) |
|
Date: May 5th, 2024 7:24 PM Author: Hilarious curious public bath mad-dog skullcap (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47638304) |
|
Date: May 5th, 2024 12:06 PM Author: Aggressive heaven Tell me about your wife and kids! (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637025) |
|
Date: May 5th, 2024 11:25 AM Author: citrine base Wouldn't it be hard to max 401k in your 20s/30s if you're a lowly Fed? Even GS-13s are around 100-120k today and most feds make less than that. And they still have to save for a down, have kids and all that.
Don't doubt that even putting aside 10k in the market every year for the last 20 years accumulates a great deal. But suspect there's extenuating factors allowing these lowly Feds to max retirement from an early age. |
|
Date: May 5th, 2024 11:30 AM Author: mustard vibrant area just listen to the feds on reddit ok (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636953) |
|
Date: May 5th, 2024 11:52 AM Author: confused brunch azn With the step up a couple with two fedjerbs in a big city are maeking close to 200k, if they started in 20's then with stock gains yeah maybe.... and these rodents dont live in pricey areas they find some shitter locations, they dont think of themselves as BIGLOLYERS or something (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636997) |
|
Date: May 5th, 2024 11:52 AM Author: Infuriating fishy stage I have literally never met a millennial worth less than $1m. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47636999) |
|
Date: May 5th, 2024 11:54 AM Author: confused brunch azn ur such a lolzy goy living in this IM POOR mentality but then u have 1.5m and all ur goy buddies are millionaires too
u seriously must be a furking kike, wld not be surprised. take DNA test to prove |
|
Date: May 5th, 2024 5:42 PM Author: Razzle national really tough guy he's a fat fuck orc from Houston, TX, whose family is oil rich (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637984) |
|
Date: May 5th, 2024 5:47 PM Author: Infuriating fishy stage Literally nothing in your poast is accurate (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47638015) |
|
Date: May 5th, 2024 12:01 PM Author: spruce depressive jap They’re not living in a big city. They are living in ARE country. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637016) |
|
Date: May 5th, 2024 11:56 AM Author: shivering resort patrolman I made 5m last year, so no, pretty sure I beat these guys out (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637004) |
|
Date: May 5th, 2024 12:00 PM Author: spruce depressive jap Shitlolyer? (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637012) |
|
Date: May 5th, 2024 12:04 PM Author: mahogany queen of the night wheezing gay jew doing megaimportant biglaw in europe (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637020) |
|
Date: May 5th, 2024 11:56 AM Author: Lascivious cruel-hearted generalized bond indian lodge Using a basic calculator https://www.bankrate.com/banking/savings/simple-savings-calculator/
An initial 1k deposit plus another 1k per month for 20 years you need 12.7% to hit 1M. Hard to do but not impossible. |
|
Date: May 5th, 2024 11:59 AM Author: spruce depressive jap They say they have maxed for 20 years (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637010) |
|
Date: May 5th, 2024 12:02 PM Author: Lascivious cruel-hearted generalized bond indian lodge So they could be there, especially if they went conservative during ite and didn’t panic sell during fraudvirus. Last 20 years have been pretty good.
The fed gov contributes too, like 5 or 6 percent. So it’s definitely possible |
|
Date: May 5th, 2024 7:26 PM Author: Hilarious curious public bath mad-dog skullcap TSP has great returns if you have a slightly aggressive fund allocation weighted toward the C fund.
Ive been averaging like 18% over last 10 years |
|
Date: May 5th, 2024 3:22 PM Author: Lilac indecent principal's office Means almost nothing.
$1 million today is the equivalent to $500k in the 90s and $100k in the 60s. |
|
Date: May 5th, 2024 3:25 PM Author: fuchsia lodge stain Wowza (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637531) |
|
Date: May 5th, 2024 3:27 PM Author: Nudist Balding Trust Fund Chad nigger (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637540) |
|
Date: May 5th, 2024 3:47 PM Author: rambunctious point cr if you work at wachtell you make $1M a month
if ur eron muks u maek $1M per diem |
|
Date: May 5th, 2024 3:55 PM Author: Nudist Balding Trust Fund Chad (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637635) |
|
Date: May 5th, 2024 4:20 PM Author: spruce depressive jap not if you live in a low COL area, don't go out and eat SYSCO slop, and don't overbuy chinese crap from amazon on a weekly basis. $1M still goes incredibly far if you aren't a slave to (((GC))) (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637708) |
|
Date: May 5th, 2024 4:21 PM Author: Sapphire Fortuitous Meteor lol (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637713) |
|
Date: May 5th, 2024 4:26 PM Author: spruce depressive jap sorry you live amongst the jew rats in MFH. I agree, there you need $10M to retire (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637732) |
|
Date: May 5th, 2024 4:30 PM Author: Sapphire Fortuitous Meteor (literal jew rat sniffing around with the lawyers to figure out how to clip coinage more efficiently) (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637743) |
|
Date: May 5th, 2024 4:39 PM Author: spruce depressive jap I literally live in a rural ARE country, breh. Sorry you have to deal with city life. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637769) |
|
Date: May 5th, 2024 4:42 PM Author: Sapphire Fortuitous Meteor "a rural ARE country"
smart!
no you dont shithead you're still stuck in zogbot hell
enjoy! |
|
Date: May 5th, 2024 4:46 PM Author: spruce depressive jap Enjoying my 3 acre backyard right now smoking chicken thighs on my Kamado with beer in hand as we speak. Life is good. Don’t believe me. I can taste your jealousy. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637793) |
|
Date: May 5th, 2024 4:47 PM Author: Boyish Disgusting Set Cuckoldry Why only 3 acres? (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637795) |
|
Date: May 5th, 2024 4:58 PM Author: spruce depressive jap I’m frugal. Plus, mowing more than that is a pain. Previously had 8 and even with a 52” rider it took a long time (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637818) |
|
Date: May 5th, 2024 5:00 PM Author: Boyish Disgusting Set Cuckoldry Fair. I just don't mow. https://ibb.co/MGJFgFS (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637826) |
|
Date: May 5th, 2024 5:03 PM Author: spruce depressive jap I love my Bermuda grass mowed though (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637837) |
|
Date: May 5th, 2024 5:04 PM Author: Boyish Disgusting Set Cuckoldry Bermuda seems kind of ecologically devastating IIRC. I have clover + barleygrass. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637839) |
|
Date: May 5th, 2024 4:53 PM Author: Sapphire Fortuitous Meteor so good you have to poast about it and grill everyone with questions on shekelhoarding (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637810) |
|
Date: May 5th, 2024 4:58 PM Author: spruce depressive jap You seem really bitter and angry. Find peace (go to your synagogue or wherever you guys go) (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637821) |
|
Date: May 5th, 2024 5:01 PM Author: Sapphire Fortuitous Meteor you seem spiritually and physically hideous and low IQ
fuck off to proletucky or wherever you think you'll stretch the shekelshavings the farthest, hooknose shitprole retard |
|
Date: May 5th, 2024 5:02 PM Author: spruce depressive jap Dude, what is wrong with you? (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637832) |
|
Date: May 5th, 2024 5:03 PM Author: Sapphire Fortuitous Meteor dumb question from an ugly "person" (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637838) |
|
Date: May 5th, 2024 5:04 PM Author: Boyish Disgusting Set Cuckoldry There are a lot of sick (as in mentally ill), twisted, angry people on the internet. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637840) |
|
Date: May 5th, 2024 3:35 PM Author: provocative godawful becky Any 42 year old should have $1 million in their 401k. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637562) |
|
Date: May 5th, 2024 4:10 PM Author: spruce depressive jap If you went to grad/law/med school I’m not even sure you would have enough years of maxing to even get to $1M given contribution limits a few decades ago. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637686) |
|
Date: May 5th, 2024 4:19 PM Author: Lilac indecent principal's office I did the math and someone who started working in 2003 would have about $1.2 million if they contributed the max each year and invested in SPY. This is assuming a worst case scenario of contributing everything at the very end of each calendar year (realistically, most workers front load so the actual total would be higher).
year, contribution, SPY return, portfolio total
2003 12000 0 $12,000.00 2004 13000 10.7 $26,284.00 2005 14000 4.83 $41,553.52 2006 15000 15.85 $63,139.75 2007 15500 5.14 $81,885.13 2008 15500 -36.81 $67,243.22 2009 16500 26.37 $101,475.25 2010 16500 15.06 $133,257.42 2011 16500 1.89 $152,275.99 2012 17000 15.99 $193,624.92 2013 17500 32.31 $273,685.13 2014 17500 13.46 $328,023.15 2015 18000 1.25 $350,123.44 2016 18000 12 $410,138.25 2017 18000 21.7 $517,138.25 2018 18500 -4.56 $512,056.75 2019 19000 31.22 $690,920.87 2020 19500 18.37 $837,343.03 2021 19500 28.75 $1,097,579.15 2022 20500 -18.19 $918,429.50 2023 22500 26.1 $1,180,639.60 |
|
Date: May 5th, 2024 4:23 PM Author: spruce depressive jap except most lawmos/medmos were in LS then and then stuck with massive debt for the next few years, even in biglaw. Most probably didn't start working until 2006 at the earliest and maxing likely in 2010 at the very earliest. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637718) |
|
Date: May 5th, 2024 4:25 PM Author: Sapphire Fortuitous Meteor wow! (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637730) |
|
Date: May 5th, 2024 4:36 PM Author: Boyish Disgusting Set Cuckoldry But sometimes you can stack all of your 401k contributions onto one month and use that month as your salary for IDR, thus reducing your payments to $0. This is what Gunner tells everyone on the board that he does. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637757) |
|
Date: May 5th, 2024 4:24 PM Author: razzle-dazzle hell were they gov employees their entire working lives? (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637723) |
|
Date: May 5th, 2024 4:25 PM Author: spruce depressive jap CQ. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47637727) |
|
Date: May 5th, 2024 7:32 PM Author: embarrassed to the bone alcoholic fanboi It's theoretically possible but the number of people in this circumstance is probably fewer than 250. (http://www.autoadmit.com/thread.php?thread_id=5525325&forum_id=2#47638318) |