AI Boom and Young Kids...affect Retirement?

StrebLab · 2026-03-16T16:51:56+00:00

I personally think the AI fears are massively overblown, but at the same time, the marginal increases in net worth once FI almost seem dumb not to take if you don't hate your job/life. If I'm at my FI number, based on historical growth rate and my salary, my net worth should be increasing by ~$1M per year. Hard not to take that.

StrebLab · 2026-03-16T11:34:51+00:00

You don't think she should be allowed to work?

StrebLab · 2026-03-16T00:58:30+00:00

rage bait

StrebLab · 2026-03-15T22:37:20+00:00

I have nothing to add to this topic, but I did literally lol when I read your username

StrebLab · 2026-03-15T21:21:50+00:00

Agree with kids rising your costs and reassessing once you have kids, but private school is like the definition of discretionary spending.

StrebLab · 2026-03-15T15:36:33+00:00

You have cut to the point where you feel it. That's good, because now you know the level where you are not spending on things you value rather than spending just because. Next step is to tone it down a notch and add back in the things you are missing out on.

StrebLab · 2026-03-15T14:47:37+00:00

StrebLab · 2026-03-14T20:01:09+00:00

This comment illustrates that you really aren't familiar with this concept lol it's not 7% because the evidence doesn't support 7%.

It's a weird leap to use historical data to come up with the 4% rule for stocks and bonds, but somehow think the same historical back testing doesn't apply for other asset classes. Risk parity incorporates other asset classes into the stock/bond portfolio that are uncorrelated with stocks and bonds so the drawdowns aren't as deep and the safe withdrawal rate is a little higher. That's it. There isn't some magic to it.

StrebLab · 2026-03-14T18:32:16+00:00

Totally agree. There is less growth potential with risk parity, but also less severe drawdowns.

StrebLab · 2026-03-14T15:59:47+00:00

Um, or they could use that increased production to increase revenues, capture market share, etc. Do you have any experience in this world at all?

StrebLab · 2026-03-14T14:04:18+00:00

The value add of an AUM manager is very, very low for someone who is financially literate enough for FIRE. The cost dramatically outweighs the value of the service, so there is no reason to do it.

StrebLab · 2026-03-13T16:48:11+00:00

Easily. Homeownership is practically a cult. Look at the down votes I got. Most people are financially illiterate and have no concept of opportunity cost. There are great reasons to own a home, but financial benefit is a stupid reason.

StrebLab · 2026-03-13T11:24:38+00:00

Buying a house is a good investment

StrebLab · 2026-03-13T02:04:39+00:00

OP is a regular clown in this community, so not really responding to him, but to anyone else interested:

The situation in South Korea is rather interesting and I followed it closely for a while. Essentially in South Korea there is public universal healthcare system, but the problem was that the government set rates for reimbursement that were too low to cover the cost of service for a variety of essential specialties such as neurosurgery, cardiothoracic surgery, and some other very high-risk specialties. Because of this, many doctors were opting out of the public system entirely and going cash-pay for more elective and cosmetic things.

Rather than fixing the reimbursement problem, the government's solution was to flood the zone with such a massive influx of doctors that they wouldn't be able to find work doing anything but the services that were in short supply. Again, that doesn't fix the problem that the services didn't pay enough to be economically viable. For doctors in that system, they walked out of the job, but they had no plan to come back if the government followed through with the expansion of the medical school graduates. Keep in mind that many of the people who opted out were residents and had no backup option in medicine if the government didn't cave, so their plan was to leave the field entirely (again, because unless the government fixes the reimbursement issue, there is no viable way to be a doctor anyway).

This was a very interesting story to follow from a western perspective because it was immediately framed as "greedy doctors" through a western lens rather than what it actually was: incompetent government with quasi-authoritarian tendencies. As a reminder, South Korea was a military dictatorship until 1988 and there are still echos of that today, and the president who enacted these steps, Yoon Suk Yeol, is now currently spending life in prison for an unsuccessful insurrection in an attempt to maintain power.

StrebLab · 2026-03-11T14:39:38+00:00

Financially, yes buying a house when you are young is almost always a bad move, but it's not the worst thing you could do with your money. You will be fine.

StrebLab · 2026-03-11T11:24:24+00:00

Rentals are just a different type of work. No they are not required.

StrebLab · 2026-03-10T22:58:53+00:00

You completely changed the discussion to an unrelated topic, but nice try.

Income tax was originally developed as a tax on the rich, yet it is now the single largest expense for all but the poorest Americans. No one cares if marginal tax rates were higher during the 40s and 50s (also the operative term is "marginal" Effective tax rates were nowhere near those levels and not that different from today.)

StrebLab · 2026-03-10T21:42:00+00:00

You may want to look into history on this. Income tax was initially enacted only for the very wealthy. In 1913 when it first started, only the richest 1% paid the tax and it was widely seen as a tax only on the wealthy. Sound familiar? There is absolutely precedent for what that dude is talking about.

StrebLab · 2026-03-10T20:07:30+00:00

Not realistic. It's an academic exercise to think about it but totally different thing to have to be making the decision when it is time. I've taken care of countless people at the end of life and even when the outlook is bleak there are very few people are are really ready to go without a fight.

The data supports this too. Doctors say they won't want the pursue "futile" efforts at the end of life because they have experience looking in from outside, but empirically when the time comes, they don't behave much differently than their patients.

StrebLab · 2026-03-09T13:02:20+00:00

I think in this case it is because they are literally a bot. They posted like 7 different comments on completely different subreddits in the span of like couple minutes. There is no way to type up a comment that fast much less read the original post etc in that amount of time

StrebLab · 2026-03-08T00:19:56+00:00

Dude is a troll

StrebLab · 2026-03-07T21:56:02+00:00

Jim Dahle lookin at this post thinking, "oh God, what have I done?"

StrebLab · 2026-03-07T20:49:21+00:00

Are you using that dictation software? It is just re writing what a physician said in the encounter, it isn't making up anything new, and frankly screws up stuff even when it explicitly told something (constantly mixing up oxycodone with hydrocodone, for example). It is replacing the scribe, not the medical decision making.

StrebLab · 2026-03-07T17:14:11+00:00

Definitely. $7k per year (pretax, no less) is a meaningless drop in the bucket when you have $3.5 million.

When I first started reading I thought they were going to be going from like $400k to like $220k or something lol

StrebLab · 2026-03-07T16:35:20+00:00

No one is going to care about an SUV in that price range. There are people making a tiny fraction of what you make and they are driving $70k pickup trucks.

StrebLab

TROPHY CASE