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Old 06-16-2019, 04:45 AM   #41
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Another retirement article based on replacing 70% of pre retirement earnings and also not including government retirement programs.
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Old 06-16-2019, 04:49 AM   #42
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At one of my Megacorp jobs, the head of the Derivatives desk would only hire folks from Wharton where he graduated from, so kind of a self fulfilling action.
OTOH, my company wouldn't hire any graduate from a certain college here in Boston. Harvard, MIT and BU were ok though.
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Old 06-16-2019, 04:56 AM   #43
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Another retirement article based on replacing 70% of pre retirement earnings and also not including government retirement programs.
Another retirement 'crisis of the week'.

“The real risk people need to manage when investing in their future is the risk of outliving their retirement savings,” warned Han Yik.

OMG! I hadn't thought of that!
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Global Retirement Crisis?
Old 06-16-2019, 05:43 AM   #44
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Global Retirement Crisis?

By the time I left my megacorp, an entry level engineering position required a masters from a top tier university. While the local university had a good engineering program, graduates struggled to get hired there.

They were really more concerned about maintaining their elite image of “hiring the very best”.
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Retirees worldwide may run out of money 10 years before they die
Old 06-16-2019, 06:17 AM   #45
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Retirees worldwide may run out of money 10 years before they die

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Another retirement article based on replacing 70% of pre retirement earnings and also not including government retirement programs.

+1 Seriously, this makes the “facts” cited seem really misleading to me - guess you wouldn’t want to include any payments that are lifelong (currently)
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Old 06-16-2019, 10:16 AM   #46
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Thanks to LBYM and great jobs, we are living on 35% of final pay and that is before we count pensions. I guess I would start by doubling the number of years of longevity (to 70%) and then increase it further by the contributions of pensions. Of course, our spending on taxes of all kinds except property are way down too.

So maybe I would end up with an article about the growing crisis in health care spending. That seems to be the only thing left!
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Old 06-16-2019, 05:32 PM   #47
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Yeah most of the time, people didn't care too much where I went to school but I got one of my best jobs and the interviewer noted my school in the interview.

He wasn't a fellow alum but guess he liked the brand names.
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Old 06-23-2019, 10:36 AM   #48
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Another retirement article based on replacing 70% of pre retirement earnings and also not including government retirement programs.
I have been living on <30% of gross pay for a long time, supporting DW and myself.

I don't know where this 70-80% pre-retirement earnings crap comes from.

They should be preaching LBYM.
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That Was My Take
Old 06-23-2019, 04:53 PM   #49
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yet another reason to avoid FB.
+1
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Old 06-25-2019, 08:48 AM   #50
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yet another reason to avoid FB.
FB free for 2yrs 7mths! I highly recommend it.
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Old 06-25-2019, 10:29 AM   #51
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FB free for 2yrs 7mths! I highly recommend it.
DGF dropped it last year. I was never on it or Twitter and the like.
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Old 06-25-2019, 02:11 PM   #52
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At one of my Megacorp jobs, the head of the Derivatives desk would only hire folks from Wharton where he graduated from, so kind of a self fulfilling action.
Many other places look at that kind of hiring practice unfavorably. The thinking is it leads to inbreeding of ideas instead of encouraging new ideas and differing ways to address problem solving.


Cheers!
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Old 06-25-2019, 02:19 PM   #53
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Many other places look at that kind of hiring practice unfavorably. The thinking is it leads to inbreeding of ideas instead of encouraging new ideas and differing ways to address problem solving.


Cheers!
Agree 100%. At this particular Megacorp, the traders were the (mostly) kings and got to do almost whatever they chose to do.
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Old 06-26-2019, 08:51 AM   #54
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My first job was with a consulting group.

A new hire straight out of Harvard seemed very motivated...always wore a suit to work, but would always go to lunch on his own.

He lasted until his boss found the new guy's client invoices on the laser printer...that Harvard grad was running his own independent consulting business using company resources.
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Old 06-26-2019, 09:49 AM   #55
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DGF dropped it last year. I was never on it or Twitter and the like.
i do have a twiiter account but use it follow the local PD, town govt, national weather service, etc. somehow i picked up 7-followers. boy, they must be bored with me.
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