Search found 437 matches

by Nathan Drake
Sat Sep 14, 2019 10:26 pm
Forum: Investing - Theory, News & General
Topic: Ex DFA CIO launches competitor which will also have ETFs
Replies: 44
Views: 3956

Re: Ex DFA CIO launches competitor which will also have ETFs

What’s the benefit over existing index funds in this space?
by Nathan Drake
Sat Sep 14, 2019 3:16 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 174
Views: 6318

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

My pension, which is expected to be about $100k/year around age 60 (with COLA and 100% survivor benefits) should pretty much cover our retirement expenses. We’ll also get social security and our house should be close to paid off by then. This is great, and it changes the picture on your compensatio...
by Nathan Drake
Sat Sep 14, 2019 2:23 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 174
Views: 6318

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

He also wouldn't have 180 days off every year... To clarify, teachers work about 180 days per year, which is 36 full weeks. His 180 days off includes weekends and legal holidays. To clarify, those in the private sector do not get off 16 weeks per year. Standard may be 3 weeks, with an additional 1-...
by Nathan Drake
Sat Sep 14, 2019 2:06 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 174
Views: 6318

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

He also wouldn't have 180 days off every year... To clarify, teachers work about 180 days per year, which is 36 full weeks. His 180 days off includes weekends and legal holidays. To clarify, those in the private sector do not get off 16 weeks per year. Standard may be 3 weeks, with an additional 1-...
by Nathan Drake
Sat Sep 14, 2019 2:02 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 174
Views: 6318

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

So teachers in Chicago making 2x the average house hold income translates into them being paid appropriately? Teachers here make 45-55K, around average HHI. In Chicago the median household income is $68k. And why isn’t 100k appropriate for a teacher? The median household in America does not have an...
by Nathan Drake
Sat Sep 14, 2019 1:18 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 174
Views: 6318

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

So, you’re making $115k/year and you get 180 days a year off (your words). That’s a really good salary! Are teachers normally this overpaid in the Bay Area? The median teacher at the suburban Chicago high school district where I grew up is making $100k. Sounds like your teachers are underpaid. So t...
by Nathan Drake
Sat Sep 14, 2019 1:12 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 174
Views: 6318

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

So, you’re making $115k/year and you get 180 days a year off (your words). That’s a really good salary! Are teachers normally this overpaid in the Bay Area? The median teacher at the suburban Chicago high school district where I grew up is making $100k. Sounds like your teachers are underpaid. So t...
by Nathan Drake
Sat Sep 14, 2019 12:46 pm
Forum: Personal Finance (Not Investing)
Topic: Bay Area teacher saving half my income – why the doubt? (and asking more questions)
Replies: 174
Views: 6318

Re: Bay Area teacher saving half my income – why the doubt? (and asking more questions)

CoastalWinds wrote:
Sat Sep 14, 2019 12:30 pm
So, you’re making $115k/year and you get 180 days a year off (your words). That’s a really good salary!
Are teachers normally this overpaid in the Bay Area?
by Nathan Drake
Wed Sep 04, 2019 9:23 pm
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 4570

Re: Some Computer Science Career Advise?

@simas $275k was not a mistake (I live in a MCOL city too). Nearly half of it is equity, though. My salary is $150k. Fair market value of my equity that will vest in Jan 2020 is $125k at the moment along with a 7% salary AIP bonus. I have about $250k in unvested equity. The new offer includes a sal...
by Nathan Drake
Wed Sep 04, 2019 12:13 am
Forum: Personal Finance (Not Investing)
Topic: Some Computer Science Career Advise?
Replies: 56
Views: 4570

Re: Some Computer Science Career Advise?

That compensation only 9 years out is insane especially for MCOL, and the NW even more crazy.
by Nathan Drake
Sat Aug 31, 2019 1:44 am
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6005

Re: Advice for after getting high income

Are you a director of software engineering or VP? I don’t see how an IC would come anywhere close and if so that’s not sustainable and seems like a bubble is forming If you look at the higher levels of www.levels.fyi you'll see that there is a layer of the profession in this area that makes this ki...
by Nathan Drake
Fri Aug 30, 2019 9:38 pm
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6005

Re: Advice for after getting high income

Are you a director of software engineering or VP?

I don’t see how an IC would come anywhere close and if so that’s not sustainable and seems like a bubble is forming
by Nathan Drake
Fri Aug 30, 2019 12:56 am
Forum: Personal Finance (Not Investing)
Topic: Advice for after getting high income
Replies: 46
Views: 6005

Re: Advice for after getting high income

Wow I knew software devs made good money in SV, but no THAT good...
by Nathan Drake
Sun Aug 25, 2019 12:52 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

Wouldn't retiring in your 30s result in some kind of existential purgatory without a sense of life progress? What do you do such that the days don't all seem the same? I see doing the same tasks that I've been doing, chained to my desk the vast majority of the week, or in traffic, or recovering fro...
by Nathan Drake
Sun Aug 18, 2019 3:44 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

To say “just delegate” is easier said than done and is highly dependent on the quality of your direct reports. My company has been in growth mode for over a decade and the vast majority of our technical employees are directly out of school, and the boomer generation is retiring. The people that hav...
by Nathan Drake
Sun Aug 18, 2019 11:25 am
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

I’m 35, and reading the original post was a bit like looking in the mirror, to be honest. I’ve been working for the same company in a variety of jobs since graduation 13 years ago. I like most elements of my work (technical role), but it has grown to be too much, and it’s not fun anymore. It never ...
by Nathan Drake
Sun Aug 18, 2019 11:12 am
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

That last comment really resonates with my current situation. I’m just burned out and kind of “done” with any sort of corporate role, disillusioned with its rigid culture and work/life balance, and lack of meaningful incentives for exceptional performance. Most people think of their job as a game w...
by Nathan Drake
Sat Aug 17, 2019 11:39 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

I can relate to what you are feeling. I got a late start (started college at age 23) and started my first real full-time job at age 29 (engineering) in Silicon Valley with a graduate degree from a top university. I loved my job for almost one decade and I was a star at work (same company whole way ...
by Nathan Drake
Sat Aug 17, 2019 11:36 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

That last comment really resonates with my current situation. I’m just burned out and kind of “done” with any sort of corporate role, disillusioned with its rigid culture and work/life balance, and lack of meaningful incentives for exceptional performance. Most people think of their job as a game w...
by Nathan Drake
Sat Aug 17, 2019 10:32 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

I can relate to what you are feeling. I got a late start (started college at age 23) and started my first real full-time job at age 29 (engineering) in Silicon Valley with a graduate degree from a top university. I loved my job for almost one decade and I was a star at work (same company whole way ...
by Nathan Drake
Sat Aug 17, 2019 9:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

Right now I’m at lean FI. Very, very few people on this forum would encourage you to take the plunge on a lean FI number. But if you’re really that miserable, do it. I personally think it’s better than some of the alternatives, such as heart attack or suicide. Take some time to go “find yourself”. ...
by Nathan Drake
Sat Aug 17, 2019 9:21 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

Right now I’m at lean FI. Very, very few people on this forum would encourage you to take the plunge on a lean FI number. But if you’re really that miserable, do it. I personally think it’s better than some of the alternatives, such as heart attack or suicide. Take some time to go “find yourself”. ...
by Nathan Drake
Sat Aug 17, 2019 7:28 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

I hit my number in my 30s. I’ve since reduced work to 5-20 hours a week just doing the parts of my job I enjoy most. I had the original goal to FIRE but now that I enjoy my work, I could see working part time forever. OP, if you dread working for a megacorp why not try working for a small business?...
by Nathan Drake
Sat Aug 17, 2019 6:00 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

This place is extremely conservative it seems, financially. But I was curious if anyone had just called it quits from the corporate grind much younger than normal? In my 20s, I was very motivated and engaged to learn as much as I could at my career. Now, moving into management the environment has b...
by Nathan Drake
Sat Aug 17, 2019 5:16 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

This place is extremely conservative it seems, financially. But I was curious if anyone had just called it quits from the corporate grind much younger than normal? In my 20s, I was very motivated and engaged to learn as much as I could at my career. Now, moving into management the environment has b...
by Nathan Drake
Sat Aug 17, 2019 4:11 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

This place is extremely conservative it seems, financially. But I was curious if anyone had just called it quits from the corporate grind much younger than normal? In my 20s, I was very motivated and engaged to learn as much as I could at my career. Now, moving into management the environment has b...
by Nathan Drake
Sat Aug 17, 2019 3:48 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Re: Anyone retire in their 30s?

Yeah I envision working in an individual contributor capacity where I work from home and can have the flexibility to work when I want and pick up projects here and there.

Not sure how easy something like that is to find. I’d just want something to cover expenses while my nest egg grows.
by Nathan Drake
Sat Aug 17, 2019 3:04 pm
Forum: Personal Finance (Not Investing)
Topic: Anyone retire in their 30s?
Replies: 108
Views: 13654

Anyone retire in their 30s?

This place is extremely conservative it seems, financially. But I was curious if anyone had just called it quits from the corporate grind much younger than normal? In my 20s, I was very motivated and engaged to learn as much as I could at my career. Now, moving into management the environment has be...
by Nathan Drake
Sun Jul 28, 2019 11:52 pm
Forum: Personal Finance (Not Investing)
Topic: Job Offer Evaluation - FANG
Replies: 114
Views: 13662

Re: Job Offer Evaluation - FANG

Tech is crazy these days. A 24 year old family member of mine just landed a $110k marketing job with total comp potential up to $140k. A 24 year old. In Marketing. It is crazy. Some of the valuations reek of 1998. Yeah it’s going to sting whenever this bubble inevitably bursts. These companies had ...
by Nathan Drake
Thu Jul 25, 2019 11:42 pm
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 93
Views: 7122

Re: MBA worth it?

I'm very pro-education, but I've been shocked how MBA programs attract some of the most incompetent colleagues in leadership I've ever known. And it's not just my opinion, one of them openly talked about how bad they were! Maybe it's a way to try and improve? I have seen it as a way for graduates t...
by Nathan Drake
Sun Jul 21, 2019 12:09 am
Forum: Personal Finance (Not Investing)
Topic: MBA worth it?
Replies: 93
Views: 7122

Re: MBA worth it?

The answer to this and most questions is “it depends” A top 10 MBA could yield a lucrative consulting or banking position, but expect to work A LOT (60-80+ hour weeks). Burnout is high. If you’re making 50k or less and want to break into high five figures or low six figures, it could possibly work o...
by Nathan Drake
Thu Jul 18, 2019 11:18 pm
Forum: Personal Finance (Not Investing)
Topic: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?
Replies: 222
Views: 14998

Re: Do people in HCOL areas have a higher net worth and more wealth building potential than LCOL?

Depends on the profession, I’d imagine. Careers that pay a lot in finance or law are only available in cities. Those careers tend to require a lot of hours and have high burnout. Also tend to require specific and prestigious education. So they are harder to enter and even more difficult to sustain a...
by Nathan Drake
Thu Jun 13, 2019 9:35 pm
Forum: Personal Finance (Not Investing)
Topic: Professional work titles
Replies: 30
Views: 2778

Re: Professional work titles

What location and industry has an individual contributor mechanical engineer making 175k?

That’s unheard of at my company
by Nathan Drake
Sun Jun 02, 2019 3:50 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 39363

Re: For those who earn $500k+ per year. How'd you do that?

This topic seems completely foreign to me as an engineer (not software) in megacorp land. Starting pay out of school is 65-70k, expect 3-4% annual raises, and 5-7% every few years for promotions. Top out at the technical ladder in your 50-60s at 175-200k if you’re lucky, most will fall short. Honest...
by Nathan Drake
Sun Jun 02, 2019 1:53 pm
Forum: Personal Finance (Not Investing)
Topic: For those who earn $500k+ per year. How'd you do that?
Replies: 369
Views: 39363

Re: For those who earn $500k+ per year. How'd you do that?

GuyFromGeorgia wrote:
Fri May 31, 2019 12:30 pm
Colorado is a good place to be an engineer. I've seen steady increases in total comp and I'm in the same ballpark as HawkeyPierce (~bit over $300k). It is a good spot to be in.
For clarity, you mean software engineer?

Other disciplines aren’t anywhere close
by Nathan Drake
Thu May 30, 2019 9:41 pm
Forum: Personal Finance (Not Investing)
Topic: What is/ was your career and would you recommend it now?
Replies: 484
Views: 54080

Re: What is/ was your career and would you recommend it now?

I think it would be helpful if you were more specific about what part of “finance” you are in. For example, my wife and son are, arguably, in finance, but their jobs are very different. Ah yes, of course. I work in a quant/trading role for a large bank. In reality though, the fates are all tied tog...
by Nathan Drake
Sun May 12, 2019 1:38 am
Forum: Personal Finance (Not Investing)
Topic: Share your net worth progression
Replies: 1052
Views: 286877

Re: Share your net worth progression

I don't have detailed yearly records, but my general progression is: 2004: $100k (graduated from college, made some money while there) 2007: $200k (changed jobs) 2011: $1200k (got married, career has been pretty good) 2016: $7000k (career has been really good, the market has gone up) 2017: $9000k (...
by Nathan Drake
Sun Apr 14, 2019 6:12 pm
Forum: Personal Investments
Topic: Theory: NOW is the Best Time for Total World Stock
Replies: 145
Views: 18397

Re: Theory: NOW is the Best Time for Total World Stock

I'll help the pro-international people out. 1. diversification means own more stocks and 10000 is more than 4000. Doesn't matter if correlation goes to 1.0, you are still more diversified in a very meaningful way. Doesn't matter if you only own two asset classes (stocks and bonds). Doesn't matter i...
by Nathan Drake
Sat Mar 16, 2019 11:02 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 814
Views: 92400

Re: That's enough for me in 2019

Winning the game to me is having such a ludicrous amount of money that you will never be able to spend it all even with a very lavish lifestyle. You could literally hold in cash, have a huge cash spend, and still have plenty of money to pass on. Most people won’t come close to winning the game in th...
by Nathan Drake
Sat Mar 16, 2019 3:37 pm
Forum: Investing - Theory, News & General
Topic: That's enough for me in 2019
Replies: 814
Views: 92400

Re: That's enough for me in 2019

This is my top-calling post. Feel free to bump as we make new highs. $1.5M x 2.5% interest / 365 days. Wow, I could get paid over $100/day just for sitting there and waiting. So that's what I'm doing. I got out of risk assets and went to cash yesterday. Frankly, if I had $1.5 million, I'd be out of...
by Nathan Drake
Thu Mar 14, 2019 11:45 am
Forum: Personal Finance (Not Investing)
Topic: Bright daughter wants to work for nonprofit
Replies: 103
Views: 8323

Re: Bright daughter wants to work for nonprofit

There’s been a few posts that have said it’s pretty easy to make 500k in non top management roles at non-profits.

That’s fairly difficult to do at a corporate job, so I would suggest that she goes the non profit route if she wants to earn a very high income.
by Nathan Drake
Fri Mar 08, 2019 10:52 pm
Forum: Personal Finance (Not Investing)
Topic: Is this how early semi-retiring works?
Replies: 35
Views: 5695

Re: Is this how early semi-retiring work?

I am surprised to see the number of folks that have or view it as likely to negotiate reduced hours at their existing employer. Good for you folks. I have worked for several very large organizations and, while this is a possible track (sort of, keep reading), this would immediately result in elimin...
by Nathan Drake
Sun Mar 03, 2019 5:24 pm
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8581

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

I don't fully understand - as a W2 contractor you don't get benefits and must pay 6.5% social security tax. Are you saying that the headhunting firm is providing that cost? Healthcare, paid time off, social security, unemployment insurance/disability, these are all large costs that you would then h...
by Nathan Drake
Sun Mar 03, 2019 4:07 pm
Forum: Personal Finance (Not Investing)
Topic: Tell The Truth to Boss Why I'm Leaving? (More Money)
Replies: 78
Views: 8581

Re: Tell The Truth to Boss Why I'm Leaving? (More Money)

I don't fully understand - as a W2 contractor you don't get benefits and must pay 6.5% social security tax. Are you saying that the headhunting firm is providing that cost? Healthcare, paid time off, social security, unemployment insurance/disability, these are all large costs that you would then ha...
by Nathan Drake
Sat Feb 23, 2019 12:42 pm
Forum: Personal Investments
Topic: Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions
Replies: 2
Views: 187

Re: Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions

That’s what I needed to know, thank you.

Edit: I do not have any previous traditional IRAs.

I have always stuck with doing the Roth IRA each year and have kept money in a 401k.
by Nathan Drake
Sat Feb 23, 2019 12:30 pm
Forum: Personal Investments
Topic: Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions
Replies: 2
Views: 187

Contributed $6K to Roth IRA, but AGI will exceed limits. Backdoor Recharacterize Questions

I contributed the max $6k to a Roth IRA in January. I since learned that due to a merger this year some RSUs will immediately vest which will put me over the personal AGI limit in 2019. Do I just need to Recharacterize the contribution as a Non deductible IRA, wait 30 days, then convert to a Roth? J...
by Nathan Drake
Wed Sep 05, 2018 1:09 am
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2580

Re: Considering opportunity in Melbourne - Florida. Any insight about the area?

Thanks all - looks like I willl be taking the opportunity! It’s an engineering role with one of the bigger firms in the area. Pretty excited about the move - I’ll go from a 50 minute commute each way to hopefully less than 10 minutes, which I consider to be a big QOL increase to go along with a siza...
by Nathan Drake
Sun Aug 26, 2018 12:28 pm
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2580

Re: Considering opportunity in Melbourne - Florida. Any insight about the area?

Thanks all - I currently live in a “boring” TX suburb, so I can’t imagine it being any worse, especially so close to the beach. Hurricane season is a bit worriesome, when it happens what’s your typical protocol? Get on a plane and see family, drive out of state, etc? Also - is rust and vehicle damag...
by Nathan Drake
Sat Aug 25, 2018 9:57 am
Forum: Personal Consumer Issues
Topic: Considering opportunity in Melbourne - Florida. Any insight about the area?
Replies: 29
Views: 2580

Considering opportunity in Melbourne - Florida. Any insight about the area?

Currently live in TX, so I’m used to the hot and humid weather. COL seems similar, with no state income tax which is nice. Melbourne seems to be in a pretty good centralized location on the coast about an hour from Orlando and a few hours from the other major cities. Being on the coast also appears ...