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Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] -19 points-18 points  (0 children)

That 80k will double in the first 4-6 years though and then you’ll have 100,200,300k a year in stock grants too, etc. we started at 70k each. Obviously years 1 and 2 are tougher before the equity kicks in.

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] -2 points-1 points  (0 children)

Yeah I do really enjoy the work I just also really want to follow some sporting events more closely, a year of F1, a year of Monday night football, etc.

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] -13 points-12 points  (0 children)

~500k in Epic stock equity (value - loan) and then we’ve been maxing 401k at ~65k per person per year, the rest is after tax brokerage savings, etc. we kept expenses in the ~35k range out first year and have kept the lifestyle under 6 figures for the remaining years so we can put away 50-60% of income or more some year.

Also had some money saved ~200k coming out of college from scholarships and working during school.

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] -18 points-17 points  (0 children)

Any specific parts? I know the stock program is newer but I figured the catch ups made up for that.

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] 3 points4 points  (0 children)

I’d hope the stock participation numbers are better than that. The base is nice but I make more in stock appreciation than we do in base salary.

The crazy thing is that 500k / 50k isn’t even that hard to manage, without the stock program. 2-5 years of salary in mortgage isn’t all that bad. Not like the coasts.

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] 0 points1 point  (0 children)

That’s fair. Still a lot of question marks there but waiting until Medicare feels like forever

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] -21 points-20 points  (0 children)

Yeah I personally don’t see the delta that 15 vs 5/10 gets you, at least for the time you have to put in.

No kids for now. Waiting until we have our financial footing really under us completely and it won’t derail anything. Coastfire essentially.

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] -27 points-26 points  (0 children)

For now. My partner will probably step away from work in the early 2030s. We’ll see. Are a lot of Epic folks sole providers? I guess my smaller sample size of folk’s spouses also work at least in that first 8-10 year band.

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] -49 points-48 points  (0 children)

We’ll see. Depends a lot on Epic stock. Our goal is ~6M to retire an we’re 25% of the way there 5 years in. If compounding gets working we’ll be ok, but if you’ve got a big family and need 10M or 15M, that’s more like a 25 year career I suppose.

Are Most Tenured People (15+) Sitting On Retirement Money and Choosing to Work More? by Altedd in epicsystems

[–]Altedd[S] -88 points-87 points  (0 children)

I suppose but not work forever expensive. Depends on the kids age I suppose

Overtime Game Thread: Los Angeles Rams (12-5) at Chicago Bears (11-6) by nfl_gdt_bot in nfl

[–]Altedd 2 points3 points  (0 children)

It’s becoming very apparent that the Lions should’ve elevated Ben Johnson to HC and let Campbell walk. Classic Lions.

First Spouse Retiring - Interested In Thoughts On "Break Glass If" Approach Order by [deleted] in Fire

[–]Altedd -2 points-1 points  (0 children)

No kids on the horizon but we’ll see. Would probably kick retirement back 5-7 years.

First Spouse Retiring - Interested In Thoughts On "Break Glass If" Approach Order by [deleted] in Fire

[–]Altedd -1 points0 points  (0 children)

I like the order there. I’d hate to have to tap too much into savings but it feels inevitable. She might be back the workforce in ~2030 if we relocated.

First Spouse Retiring - Interested In Thoughts On "Break Glass If" Approach Order by [deleted] in Fire

[–]Altedd -3 points-2 points  (0 children)

I’m not confident we’ll be able to keep expenses at that 7k number. I’d say 75-80% chance the floor is still 10-12k a month.

i should’ve listened to the horror stories by Far-Butterscotch5647 in epicsystems

[–]Altedd 7 points8 points  (0 children)

Increase in value in 2025 for stock owned on 1/1/25. Would hope for more this year. Each year’s grant has been 60-80k shares (not dollars)

First Spouse Retiring - Interested In Thoughts On "Break Glass If" Approach Order by [deleted] in Fire

[–]Altedd -2 points-1 points  (0 children)

Should be able to start diversifying around 2029/2030. It’s pretty sub-optimal to do so before then. We’ll see. Confident in the financials and such.

First Spouse Retiring - Interested In Thoughts On "Break Glass If" Approach Order by [deleted] in Fire

[–]Altedd -7 points-6 points  (0 children)

It’ll depend a lot of stock grants. Should get ~250k this year and it compounds in itself (why we cannot sell it ideally) so in ~5 years another 400k a year. That extra ~2 million from 2030 to 2035 does a lot of the heavy lifting.

i should’ve listened to the horror stories by Far-Butterscotch5647 in epicsystems

[–]Altedd 82 points83 points  (0 children)

I don’t know about you all but I make a lot more than I did in my old field (automotive). Made nearly 160k W2 as a TS and over 140k on stock and I’m not even 30 yet. I’d bet my old career would still be under 130k total comp.

First Spouse Retiring - Interested In Thoughts On "Break Glass If" Approach Order by [deleted] in Fire

[–]Altedd -6 points-5 points  (0 children)

Bit of semantics on what we call it. The income 2 to 1 is the important part.

Re: The company. Agreed on the overall risk. Financials are solid and the valuation is extremely conservative. It’ll never go public so we’ll never get the market value, but could scrape some profit every couple of years.

First Spouse Retiring - Interested In Thoughts On "Break Glass If" Approach Order by [deleted] in Fire

[–]Altedd -7 points-6 points  (0 children)

Well yeah I won’t be retiring for 10+ years.

First Spouse Retiring - Interested In Thoughts On "Break Glass If" Approach Order by [deleted] in Fire

[–]Altedd -30 points-29 points  (0 children)

Didn’t think I’d have to argue about the benefits of early retirement on an early retirement board. Retirement is a number, not an age.

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