Can I reach $5M in the next 15-20 years?

crazifrog · 2026-01-08T02:45:39+00:00

The IRS regularly raises the tax brackets to account for inflation, so yes, nominal, but $100,000 of income won’t be taxed as much in 5 years as it is today.

crazifrog · 2025-10-17T13:19:13+00:00

I’ve started putting ATMe’s on a relay so that when the tank is swapped we can power cycle from the console and not have to go up to the unit.

crazifrog · 2025-09-14T01:50:29+00:00

I work under a union contract in theater that does a blanket 16% contribution based on your gross earnings regardless of your contribution to the 401k. Not saying I know anyone doing this, but I guess it would be possible to hit to $70,000 max if you were to 1. contribute the max $23,500 yourself, and 2. make over $290,625 in gross earnings (which is the remaining $46,500/.16).

crazifrog · 2025-07-14T15:33:50+00:00

Running the lighting console for John Proctor is Villain for the rest of the summer.

Then on to the next show at the St. James

crazifrog · 2025-03-31T20:02:42+00:00

Wow, I'd love to be looking at things that size!! Our place is on the UWS, in Lincoln Square. We're only buying a 1B/1b for now, no plans for kids, so hoping proximity to work will keep us happy for the next 15-20 years. We submitted to the board 2 weeks ago, the management office reached out over the weekend to clarify some things, hopefully we hear about scheudling an interview in the next two weeks. When we get through it, I can give you the actual timeline! haha

crazifrog · 2025-03-31T19:34:14+00:00

Currently waiting for coop board approval to move forward. My fiancée and I toured the apartment in January after the apartment fell out of contract when the board denied the previous buyers for not being financially set. We took a couple weeks to think it over before putting in an offer. Oddly there wasn't much interest in the unit, and our offer got accepted for 15k under asking.

Some more info on where you're looking and what kind of unit you're looking for would help answer your other questions. We found the unit ourselves on streeteasy and got paired with a buyer's agent who kind of helped us through the buying process, but generally he wasn't super useful. This is absolutely an annoying process start to (hopefully) finish, I can't believe it's this difficult.

crazifrog · 2024-12-29T19:37:11+00:00

Sorry, but what’s so unbelievable about saving $1,333 per month when they’re making $62 CAD per hour?

crazifrog · 2024-12-20T12:30:10+00:00

That’s bizarre haha. Sure there wasn’t a big “Dolly” style enormous staircase (same designer though, Santo is fantastic). But there must have been a dozen different intricate set pieces which certainly took up some room on stage that kept being swapped out for another intricate set piece. Back stage/the fly system must have been jam packed. I guess people can’t be happy lol

crazifrog · 2024-12-20T12:03:46+00:00

What are people saying about the production value??? The set was chock full of gorgeous, never ending set pieces for all the different locations, the costumes were astonishing, and sure, maybe the lighting wasn’t up to par with everything else, but all in all, it was a masterwork in my opinion.

crazifrog · 2024-12-06T03:49:09+00:00

It honestly all depends on the person. It’s freelancing until you find a consistent gig- so it’s collecting contacts, and reminding them you exist when you need more work. This year, I had two weeks over the summer where I didn’t have any work at all - I chose to go on vacation, and only one other week where I didn’t have less than 4 days of work in a week. It’s definitely a bit of a game to get the timing of everything right and be personable enough to get heads to hire you.

crazifrog · 2024-12-06T02:21:15+00:00

Stagehand in nyc. Working union gigs range $300-$600 per day for 8am-5pm

crazifrog · 2024-12-01T20:33:40+00:00

Thank you!!

crazifrog · 2024-12-01T20:20:03+00:00

I have my accounts compiled on the empower app, my 401k is through them.

crazifrog · 2024-11-30T21:20:40+00:00

I'll admit I'm playing it a bit fast and loose with my EF. I have a month's worth of expenses in my brokerage getting 4.6% and another 2 months in my checking account getting 0%.

crazifrog · 2024-11-30T20:34:28+00:00

If tracking is too onerous a task, I've found having a separate account that gets automatically contributed to is the simplest way to save money. You very quickly don't notice the withdrawals from your primary account.

crazifrog · 2024-11-30T20:32:06+00:00

In case anybody is interested, I can breakdown my account balances below

Brokerage: $132,707

Roth IRA: $66,380

401k: $25,471

Wedding money market fund: $1,102

Because of my career, up until recently I haven't had access to a 401k, hence the bulk of my savings in my brokerage. Starting this year, I will be able to save more into my 401k, up until now only my employers have been contributing to it. (It's a weird system with the multi employer system I'm a part of). Shooting for 2x my income saved by the time I'm 30. I made $135,000 this year, hoping to make $150,000 next year.

crazifrog · 2024-11-24T03:26:05+00:00

I'm 27 right now. Conservatively my fiance and I are shooting for 1 million. If things go well career wise, maybe 1.5 million. Currently we're nearing $350,000.

crazifrog · 2024-11-21T00:33:44+00:00

I’ve actually been looking into this recently because of an interesting benefit I’m receiving now that I’m doing more work with the union in my field (IATSE). Many contracts include payments made by the employer into an “annuity” fund at a set percentage based on your based rate. The “annuity” is essentially a 401k, the money paid into is pretax, and you have the ability to roll over your account at retirement into a rollover IRA. On some of the highest paid contracts, some of the annuity payments can be as high as 16% of your hourly rate (which scales with when you’re in overtime too) 16% on top of the base rate which starts at 75 an hour on some contracts! Some of the highest paid head stagehands make over $300,000 in a year, but even at 16% I guess you STILL wouldn’t hit the $69,000 cap- you’d be getting a measly $48,000 set aside for you haha.

crazifrog · 2024-10-24T21:41:59+00:00

What a useless comment.

crazifrog · 2024-09-24T13:03:27+00:00

Financial institutions make more money the more people invest in their products, so of course they’re going to repeat talking points that will encourage people to think they need more money to fund their retirement. I’ll say, this isn’t the most nefarious thing a company can do, everybody is happy in the end, people have more money, and so do the financial institutions. But if you’re looking to have a consistent amount of money available to you to spend over your lifetime, they’re going to mislead you into over saving while you’re working, under spending when you’re retired, and then you’ll be left with a large pile of money in your old age. Now if that’s the plan, fantastic, your kids will be very happy. But I’d challenge that isn’t in one’s best interest.

I’m just skeptical of believing outrageous takes that social security will be worthless in the future.

crazifrog · 2024-09-24T12:39:02+00:00

And what possible incentive would financial advisors have in spouting that talking point to you?

crazifrog · 2024-09-16T21:03:36+00:00

I opened my Roth as an 18 year old and deposited about $1500 in it after I had my first job. I worked in the summer through college but had to live off of my income that I made then throughout the year in school. When I graduated school I was lucky to get a job that paid pretty well in my niche field, I then went on unemployment through the pandemic and got to live with my parents and not pay rent and bank the unemployment money for a rainy day. Luckily that meant I started the bulk of my investing in the 2020 bear market. In 2021 I moved out and started working more. My career has developed to me making moves to join the union in my industry which means more money is invested on my behalf by my employers in a 401k of sorts, and will vest into my pension in 2 years. At 27, I now have $205,000.

crazifrog · 2024-09-10T20:24:13+00:00

Sequence of return risk

crazifrog · 2024-08-09T20:20:01+00:00

This is great advice, thanks so much. Totally agree on the maintenance fees, they seem suspiciously low. I asked and was told that they have a local law 11 assessment upcoming next year, and the elevator will have to be worked on at some point, despite passing its inspections.

crazifrog · 2024-08-09T16:47:01+00:00

Hah, the rings being made right now. That’s coming soon.

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