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08-23-2016 2:45 PMEnclave Agent is offline Send an Email to Enclave Agent Search for Posts by Enclave Agent Post Reply with Quote Edit/Delete Post       Go to the top of this page

People used to ask me if I wanted to go into teaching.

I wish I could have just shown them the first two links hol posted and gone "Take a wild guess"

__________________
JE SUIS CHARLIE


These are not fairy tales, or myths. This place of power is tangible, and as such, can be found, entered, and perhaps, utilized in some fashion..

Quote by Nina Fortner (regarding faking one's death):
Been there done that. No one would believe it this time.

Quote by Alizarin:
holy fuck i am ready to burn it all down. all of it.

08-23-2016 3:16 PMEdger is offline Send an Email to Edger Search for Posts by Edger Post Reply with Quote Edit/Delete Post       Go to the top of this page

Quote by Alabastard:
Quote:
But how individual 401(k) participants are affected by the crisis is largely determined by their account balance, age, and job tenure.


[random1]
[item1]You could have just said "Huh, turns out X was right again. A strange pattern seems to be emerging, but I just cannot put my finger on what it entails. Truly a mystery for the ages."[/item1]


Quote:
401(k) participants on the verge of retirement (ages 56–65) had average changes during this period that varied between a positive 1 percent for short-tenure individuals (one to four years with the current employer) to more than a 25 percent loss for those with long tenure (with more than 20 years).




$2,074,292 * .75 = $1,555,719
$1,555,719 > $1,185,310 I'd make in best conditions without employer matching.

Even a 25% loss to my portfolio is almost $400k higher than what I'd get in that case. The 401k would have to take an astonishing 43% loss to break even with me investing my own money in something else with a similar Rate of Return.

And that's not even including additional investments I could make. It's not like I'd put all my eggs in one basket.

Quote:
If the equity rate of return is assumed to drop to zero for the next few years, this recovery time increases to approximately 2.5 years


Such a long time extra to work, I guess.

Not investing in the 401k is essentially betting against myself that there'll be another recession like the 2000-2009 decade RIGHT before I retire, AND that the decade prior wasn't high enough to offset a loss, when a below-average RoR of 9% in the previous decade would still mean an average of 4% RoR.

Now, if I lose that bet, it'd be the losses I mentioned above. $500k. If I win, I gain $900k.

If I don't take the bet, the best scenario is that I save up about $1.18M on something that gives a the same RoR.


And that's again assuming I'll stick to the full employer-match contributions for the entire time, rather than switching out to something else of my own with less management fees or more appealing RoRs.

The differential analysis obviously gets more complicated as you thrown in more scenarios, but your advice is to bet against something that to our current knowledge has a low chance of happening, and that it'll happen just before I choose to retire.

In the end it's all guesswork. These numbers are made-up, anyway, based on calculators using averages. But there's no reason for me to assume it's a complete scam, no matter what, and choose not to get an immediate 175% increase on my investment, due to employer matching. And the tax-deferment means I get more money now to invest.



The point I'd be saving, and as long as I'm saving it somewhere, it's better than hoarding cash in a safe in my basement. Find me 5 financial advisers that say "Don't invest in a 401k with 75% employer match for up to 8%, which is about twice as good as national average." and I'll reconsider.

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Quote by Jack Crawford:
What the fuck? Ed looks less like a nerd than I do. What bullshit is that?

08-23-2016 3:27 PMEdger is offline Send an Email to Edger Search for Posts by Edger Post Reply with Quote Edit/Delete Post       Go to the top of this page

Hol keeps bringing up my student loans like it's a big deal. Except that I can pay off those loans easily, and early, while having a much higher quality of life than I would have had without going to college and university. I'll pay a couple thousand dollars in interest, in the end. $3000, tops, if I don't pay it off early.

Being able to make $100k/year within 10 years, vs $70k within 15 years, is worth it. Starting at $70k instead of $30k? Worth it. I'm paying $3,000 of future money, which is worth less than present money, to make that much more money over my lifetime.


X may have spent almost no money on his degree, but he's making how much now? The years he's spent underemployed or unemployed are a far, far higher cost than the sums of my loans.

You're trying to get through by paying nothing, but are stuck in situations you don't want. If you get a good job right away, you'll be up the $3000 I lost in interest, and the investments I lose on my $500/mo payments over time (a couple thousand more dollars). But I'm living comfortably now, eating comfortably now, having the independence I want now, able to concentrate on schoolwork to the level I want, and spend the time with my young family that I want.

That's worth the price, to me. It was a calculated decision. I ran these numbers years ago. Except in those calculations, I was going to be making less money.

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Quote by Jack Crawford:
What the fuck? Ed looks less like a nerd than I do. What bullshit is that?

08-23-2016 8:24 PMAlabastard is offline Send an Email to Alabastard Search for Posts by Alabastard Post Reply with Quote Edit/Delete Post       Go to the top of this page

You dumb bastard.

Let me make something very clear to you.

I am almost blind. My testimony is inadmissible in a court of law. It is physically impossible for me to drive and not endanger other people, robbing me of most of my ability to independently travel while also locking me out of multiple positions where ability to drive was an unstated prerequisite.

I am very nearly deaf. My latest ENT was in complete shock when he saw my audiogram, because someone like me is not supposed to be able to understand spoken speech without cochlear implants. Yet I do psychotherapy.

I was born with a defect in my legs that was never properly corrected. The first attempt to correct it was terribly botched, leaving me with another, permanent defect in my right leg that will require surgery every few years. I limp almost everywhere. I had to take off my Masters' program for a year due to this.

You have the gall to compare yourself and your job situation to me? Someone who, despite all of that, could easily do whatever job you are trying to hold over my head, and do it better than you given a small amount of training time, while being by most accounts a veritable cripple, who is regularly stared at on the street because of how he looks?

The only words you have the right to utter to me are an apology for that bullshit you just tried to justify.
08-23-2016 8:27 PMStruggler is offline Send an Email to Struggler Search for Posts by Struggler Post Reply with Quote Edit/Delete Post       Go to the top of this page

This is gonna be a CRIPPLE FIGHT!! cause Ed has chronic pain like I do

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GUL DUKAT DID NOTHING WRONG.

Necro: its hard to belive he doesn't do drugs

08-23-2016 8:30 PMAlabastard is offline Send an Email to Alabastard Search for Posts by Alabastard Post Reply with Quote Edit/Delete Post       Go to the top of this page

The situations are incomparable. Where I am is almost entirely due to my physical circumstances.

There's also the fact that lording a comp sci degree over me is hilarious. It would be disgustingly simple for me to get one. I was king shit of turd mountain while doing my minor.
08-23-2016 8:36 PMStruggler is offline Send an Email to Struggler Search for Posts by Struggler Post Reply with Quote Edit/Delete Post       Go to the top of this page

Quote by Edger:
Hol keeps bringing up my student loans like it's a big deal. Except that I can pay off those loans easily, and early, while having a much higher quality of life than I would have had without going to college and university. I'll pay a couple thousand dollars in interest, in the end. $3000, tops, if I don't pay it off early.


I bring up the loans because you were dumb enough to knock up your child bride and then go into college

Like what the fuck were you thinking

At least I have the sense to have a child after I can god damned provide for it, no less two or three or however many you have

__________________
GUL DUKAT DID NOTHING WRONG.

Necro: its hard to belive he doesn't do drugs

08-23-2016 8:40 PMEnclave Agent is offline Send an Email to Enclave Agent Search for Posts by Enclave Agent Post Reply with Quote Edit/Delete Post       Go to the top of this page

Uh-oh, this will not end well.

Once more unto the breach, dear dottlers (wow, being on the outside of a drama-bomb is way different.)

__________________
JE SUIS CHARLIE


These are not fairy tales, or myths. This place of power is tangible, and as such, can be found, entered, and perhaps, utilized in some fashion..

Quote by Nina Fortner (regarding faking one's death):
Been there done that. No one would believe it this time.

Quote by Alizarin:
holy fuck i am ready to burn it all down. all of it.

08-23-2016 8:41 PMAlabastard is offline Send an Email to Alabastard Search for Posts by Alabastard Post Reply with Quote Edit/Delete Post       Go to the top of this page

Truth be told I don't know why my situation was brought up at all.
08-23-2016 8:42 PMStruggler is offline Send an Email to Struggler Search for Posts by Struggler Post Reply with Quote Edit/Delete Post       Go to the top of this page

Quote by Alabastard:
The situations are incomparable. Where I am is almost entirely due to my physical circumstances.

There's also the fact that lording a comp sci degree over me is hilarious. It would be disgustingly simple for me to get one. I was king shit of turd mountain while doing my minor.


Well a comp-sci degree is about as useful as a typewriter nowadays, considering h1-b visas

__________________
GUL DUKAT DID NOTHING WRONG.

Necro: its hard to belive he doesn't do drugs

08-23-2016 9:37 PMEdger is offline Send an Email to Edger Search for Posts by Edger Post Reply with Quote Edit/Delete Post       Go to the top of this page

It costs me less to have kids in college and take out loans to help get things I wanted (recliners, washing machine, premium strollers, top of the line milk pump, toys toys toysz
) than it would have to pay the after-insurance costs of maternity appointments and childbirth costs, not to mention the combined 6 years of doctor's visits, emergency room visits, specialists, and surgeries, all of which cost me zero dollars. It saved me thousands and thousands of dollars.

Math is pretty fucking solid there. Just because you have an aversion to debt, doesn't mean it's inherently bad or that I should have avoided it.

And it sure looks like I'm providing for them, and financially planned ahead to make sure I could make that happen somehow, and could have always worked more if I had any concerns, ever.

I'm taking on debt now to avoid working. So, I'm paying money to not have to work. Funny how that's also an incentive at a lot of companies: buy extra vacation days. And this will cost me maybe $5000 over the course of my life? That's like buying an extra measly 3.5 weeks of vacation from my employer, but I got to take off 4 years instead.

It's been pretty awesome.


You'll have a kid when you're done, hopefully employed, and then have the luck of paying the mommy tax in your career unless there's a wild change in the business social order. You'll likely pay plenty in insurance, may lose income while on maternity leave, etc. etc. If you were a guy, you'd probably not get more than 2 weeks off with your newborn, and then back to work. More income, less time with kids.

I've got to be home with my kids probably 2/3rds of their waking lives during their most critical years of development. I won't get that opportunity again, if we decide to have a third.

And I could only have pulled it off while being a student. I decided to go to college first, then planned on having kid only after doing the math on taking out extra loans and working less.

You value your time and family life different than I do, but I didn't make a wrong choice. My boys have never been left wanting, my wife and I have been able to split duties, and we live comfortably. We're happy with our situation.

I'd gladly have paid double.

__________________
Quote by Jack Crawford:
What the fuck? Ed looks less like a nerd than I do. What bullshit is that?

This post has been edited; it was last edited by Edger: 08-23-2016 10:24 PM.

08-23-2016 10:25 PMEdger is offline Send an Email to Edger Search for Posts by Edger Post Reply with Quote Edit/Delete Post       Go to the top of this page

Quote by Princess Pony:
Quote by Alabastard:
The situations are incomparable. Where I am is almost entirely due to my physical circumstances.

There's also the fact that lording a comp sci degree over me is hilarious. It would be disgustingly simple for me to get one. I was king shit of turd mountain while doing my minor.


Well a comp-sci degree is about as useful as a typewriter nowadays, considering h1-b visas


Good thing I'm not a comp-sci major.

__________________
Quote by Jack Crawford:
What the fuck? Ed looks less like a nerd than I do. What bullshit is that?

10-13-2016 1:45 AMEnclave Agent is offline Send an Email to Enclave Agent Search for Posts by Enclave Agent Post Reply with Quote Edit/Delete Post       Go to the top of this page

Quote by Princess Pony:
Professors and staff can't say "man" anymore at Princeton

Yale students claim there is not enough "diversity" in an ENGLISH POETS CLASS, want more "early modern literature that relates to gender, race, sexuality, ableism, and ethnicity"

So. We're all part of society. How do we destroy it?




Is this shirt part of the official forum uniform™?

__________________
JE SUIS CHARLIE


These are not fairy tales, or myths. This place of power is tangible, and as such, can be found, entered, and perhaps, utilized in some fashion..

Quote by Nina Fortner (regarding faking one's death):
Been there done that. No one would believe it this time.

Quote by Alizarin:
holy fuck i am ready to burn it all down. all of it.

10-18-2016 7:43 PMEnclave Agent is offline Send an Email to Enclave Agent Search for Posts by Enclave Agent Post Reply with Quote Edit/Delete Post       Go to the top of this page

When Clinton wins, which is an alarmingly likely scenario (I never said surrender though) we probably won't have to worry about colleges for long. The debt will just increase to the point campuses become centralia style ghost towns.

Because education is a vector for social mobility, and the endgame seems to be the extermination of the middle class and social mobility in favor of an oligarchy throwing scraps to "the poors" who are supposed to clap and applaud their generous benefactors or join the military so they can go die in whatever misguided adventurism she concocts...which will probably involve russia.

Oh and it was set up so that if you question this, the witch hunter types or media will drop the hammer on you. You'll be a commie or a bernie bro or a self-hating woman or an uncle tom or whatever. They made sure to have that contingency plan set up a while ago, before the primaries even started.

Welcome to the 21st century. This is how civilization as you knew it dies.

...Okay which one of us pissed off god to the point this is now the election. Was it me, cause I could see that happening. No disrespect, you can tell me, I'm just curious how exactly we collectively entered a living nightmare.

__________________
JE SUIS CHARLIE


These are not fairy tales, or myths. This place of power is tangible, and as such, can be found, entered, and perhaps, utilized in some fashion..

Quote by Nina Fortner (regarding faking one's death):
Been there done that. No one would believe it this time.

Quote by Alizarin:
holy fuck i am ready to burn it all down. all of it.

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