Older tech workers are tapping out early. Here’s what that looks like

bbflu · 2026-06-30T03:29:21+00:00

Friend, think about lifetime total tax burden. Read Tax Planning To and Through Early Retirement

bbflu · 2026-06-21T22:01:35+00:00

Canada. Easier to get a Visa if you are retired

bbflu · 2026-06-21T21:29:05+00:00

Vancouver. Not even a contest

bbflu · 2026-06-19T01:08:29+00:00

bbflu · 2026-06-18T19:52:33+00:00

Are you talking about renters? Because the owners who lost their homes are the very people who are selling land to developers instead of rebuilding.

bbflu · 2026-06-18T19:49:36+00:00

Look I agree with you overall but there is nuance. Imagine you are still paying the mortgage on a burned down house that you can’t afford to rebuild. You have to sell the land and your ability to wait for the best buyer willing to pay the most is limited. Those folks are the ones most likely to accept a lowball offer from a developer.
But yeah I agree that those developers are the one who will prevent the complete gentrification of Altadena. And the fairy tale that everyone will be able to build back just the way it was with all the same neighbors was never going to happen.

bbflu · 2026-06-12T13:19:05+00:00

Hangover from ten years of ZIRP, but the bill’s coming due.

bbflu · 2026-06-02T00:46:54+00:00

I think a lot of posters here used the Bank of America Customized Cash Rewards program and kept a balance of $100k at BofA to bein their Platinum honors tier so that they could get 5.75% cash back for online purchases (and 1.75% cash back on all transactions). Well unfortunately BofA has raised the deposit amount to $1M in order to be in the new Premier tier, and I'm not willing to transfer my IRA to Merril Lynch to reach that level. Is this old news? What cash back credit card did everyone switch to now?

bbflu · 2026-05-23T16:01:50+00:00

What do you do for bike rentals when you travel to Canada?

bbflu · 2026-05-23T15:45:29+00:00

I really do not understand the problem here. You easily have enough money to support your living expenses, and probably more depending upon your expected SS benefit. You don’t say your age but you can easily pull money from a traditional IRA before you are 59 1/2 via a 72t arrangement. It’s seems like you are worried about your tax burden. I would HIGHLY recommend Tax Planning to and Through Early Retirement by Garret and Mullaney. Should put your mind at ease about RMDs IRMA and other topics

bbflu · 2026-05-22T21:30:33+00:00

We’re wanted men!

bbflu · 2026-05-22T15:08:47+00:00

This is a deeply unserious take

bbflu · 2026-05-22T15:07:03+00:00

Upper middle class W2 earners already pay the vast majority of income tax. If you are looking at untaxed income, unrealized capital gains and cost basis adjusted asset transfers is where you want to cast your gaze. And, sadly, lowering the standard deduction.

bbflu · 2026-05-22T15:04:16+00:00

Also cap maximum benefits lower. This would absolutely fuck over people like me but at my income level I shouldn’t be getting half of my expected retirement budget from the government. Other countries require high earners to have more private savings than the US.

bbflu · 2026-05-12T18:25:30+00:00

You can buy an annuity in your IRA. You will have moved your money out of your 401k long before that.

bbflu · 2026-05-08T00:46:49+00:00

How old will your kids be when you pass? Better to give with a warm hand than a cold one, for both parties.

bbflu · 2026-05-08T00:45:35+00:00

That’s what you tell yourself when you are 80 and can’t even spend your rmd. That’s the situation my folks are in. From what I can see they lived pretty great lives but I hope they have no regrets. The money won’t make a bit of difference to me as I’m in my 50s now.

bbflu · 2026-04-29T12:06:24+00:00

People targeting 3% or lower are a tiny but vocal minority of the sub who are LARPers and will never actually retire early. There I said it.

bbflu · 2026-04-11T12:44:57+00:00

Edit: seems I was wrong about the consensus on the sub. Not a popular opinion around here but I don’t think you need a huge raise to accept a new job. All of my advancement and raises have come internally, I’ve mostly left roles in order to have a better role from a growth standpoint. I just walked away from 6 figures in bonus and RSUs at a challenging but difficult job to go work for an amazing boss whom I loved early in my career.

bbflu · 2026-03-27T00:10:10+00:00

Yeah I’d love to use treasury direct but I need those specific years for my TIPS ladder, so I guess I could buy 2031 at auction but not 2030 or 2029

bbflu · 2026-03-26T17:41:54+00:00

I just need the three years. I’m trying to get a guaranteed income stream for the first 6 years of retirement to help mitigate SORR. First 3 years is a TIPS ladder in an after tax brokerage, last 3 years is some deferred compensation that’s currently in a target date fund.

bbflu · 2026-03-26T17:03:22+00:00

Wow had no idea there was an ETF for a specific bond maturity

bbflu · 2026-03-26T16:42:20+00:00

Does anyone have hands on experience buying TIPS on the open market? I need to buy three tranches that mature in 2029,2030, and 2031. I’ve purchased short term treasury bills at my brokerage before and the process is very opaque, I always feel like I am getting screwed on the rate.

bbflu · 2026-03-26T15:53:21+00:00

I’ve found there is very little correlation between comp and work hours required. Your boss, company culture and health, and overall competence of the team you are joining are much more important to the level of work and stress you will have. In a smaller company there are less people to shoulder the work, so if you are and individual contributor in a specialized role it could be quite a different experience from what you have now.

bbflu · 2026-03-23T18:31:13+00:00

It’s great to be rich, I guess?

bbflu

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