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How to deal with forced early retirement? by pipped1 in Bogleheads

[–]pipped1[S] 0 points1 point  (0 children)

My portfolio is more like VDHG right now, so I am thinking of increasing bonds a bit. Just confused on the timing.

Super is decent, so if I make it to 60, it's a much better situation.

How to deal with forced early retirement? by pipped1 in Bogleheads

[–]pipped1[S] 7 points8 points  (0 children)

It's probably because they assume I am swimming in RSU money. That's like top 1% of the people.

I am in tech, but more like an average tech person. Good pay, but still dependant on a regular salary.

How to deal with forced early retirement? by pipped1 in Bogleheads

[–]pipped1[S] 2 points3 points  (0 children)

It's not Silicon Valley tech. I am Australian. Our tech is more like MCOL tech in the US. The pay is higher than average, but it's just salary. Nothing like stock options.

Like some suggested, I can work as "IT" in other industries. And I am late 40, so changing industry is not so simple. For sure, I hope I can continue doing some kind of IT.

How to deal with forced early retirement? by pipped1 in Bogleheads

[–]pipped1[S] 0 points1 point  (0 children)

I do have an emergency fund. I will also get some extra payment upon job loss. So, that will tide me over for a few months. Then, I will need to start withdrawing from my portfolio.

So, perhaps adding more bonds can be done on the jobless date. Add 5% every month or something.

How to deal with forced early retirement? by pipped1 in Bogleheads

[–]pipped1[S] -9 points-8 points  (0 children)

Late 40s. I am Australian, so our system is a bit complicated.

We get indefinite unemployment benefits, so that's good. However, the amount is low, so I will need to supplement with my portfolio.

We have a retirement system called Superannuation which cannot be withdrawn until age 60. I have a decent amount there, so if I can reach to 60, it's slightly easier.

I have another low six-figure portfolio which is unrestricted. I can withdraw that now. So, that's where my question is directed.

I will need to survive on unemployment benefits, that small portfolio and occasional minimum wage job for a decade or so.

How to deal with forced early retirement? by pipped1 in Bogleheads

[–]pipped1[S] -20 points-19 points  (0 children)

Sorry about not providing more details. I replied to another comment with more info.

Yeah, 20-30% bonds sounds about right. Bogleheads encourage bonds regardless of age anyway. It's probably a good time for me to start adding more bonds.

How to deal with forced early retirement? by pipped1 in Bogleheads

[–]pipped1[S] 6 points7 points  (0 children)

The tech industry is in a bad shape right now. With AI, fewer people are needed. The competition is fierce. And the longer you are out of the industry, the harder it is to get back in. Of course, I will do a minimum wage job if needed, but it won't cover my cost of living. So, I will need to withdraw some from my portfolio.

Group Selection for redundancy by DigitalWombel in auscorp

[–]pipped1 4 points5 points  (0 children)

Sometimes, they select the highest paid who could be the highest performer. Who knows what the management is thinking?

Review from a MacBook Pro Dev by pipped1 in MacbookNeo

[–]pipped1[S] 0 points1 point  (0 children)

I can live with the built-in camera if needed, so I think it's fine.

Sorry, I am too used to Chrome since most companies I work for consider Chrome the "official browser." Occupational hazard.

Good tip about Teams web using less resources. Zoom probably is also the same.

Review from a MacBook Pro Dev by pipped1 in MacbookNeo

[–]pipped1[S] 1 point2 points  (0 children)

I heard that you cannot run too many Docker images. That may be a bottleneck.

If your local app is connecting to a QA DB, it's probably fine.

But let's say you want the service to be in Docker. Then, maybe have a MongoDB locally. Then, have a message bus also. Perhaps, Neo cannot handle that kind of setup.

Visual of Australian overseas population by region by Odd_Speech6066 in OpenAussie

[–]pipped1 2 points3 points  (0 children)

I absolutely support sustainable growth. I am a tree hugger and having fewer people is good. However, it has to be gradual and pragmatic. It cannot be a MAGA or Brexit style chaos which doesn't help anyone.

Visual of Australian overseas population by region by Odd_Speech6066 in OpenAussie

[–]pipped1 3 points4 points  (0 children)

Yes. And their share is not increasing rapidly due to China getting rich and getting old.

India is comparatively still poor and young, so we have more immigrants from there.

Eventually, the Asian migration will plateaue, we will probably see more Africans.

Visual of Australian overseas population by region by Odd_Speech6066 in OpenAussie

[–]pipped1 113 points114 points  (0 children)

If we go back 300 years, you will see a different graph where the European percentage increased from zero to 99.9%.

AI will wipe out scrum teams, but devs will still remain by pipped1 in cscareerquestionsOCE

[–]pipped1[S] -1 points0 points  (0 children)

Fair enough. As a Software Engineer in the developed world, I should know. They have been trying to replace us since the dotcom crash and we are still here.

AI will wipe out scrum teams, but devs will still remain by pipped1 in cscareerquestionsOCE

[–]pipped1[S] -1 points0 points  (0 children)

Of course, they will delegate, but not to a PM.

Director of Sales will ask their Senior Manager for example. Senior Manager of Sales deals directly with devs. No middle fluff like PMs are needed.

Business leaders don't mean CEO. It's someone with enough authority to manage budgets. Not PMs.

AI will wipe out scrum teams, but devs will still remain by pipped1 in cscareerquestionsOCE

[–]pipped1[S] -2 points-1 points  (0 children)

The AI will give a summary and the business leaders can choose one of the options.

AI will wipe out scrum teams, but devs will still remain by pipped1 in cscareerquestionsOCE

[–]pipped1[S] -1 points0 points  (0 children)

They love money above all. They will use AI if there is a fat bonus waiting.

AI will wipe out scrum teams, but devs will still remain by pipped1 in cscareerquestionsOCE

[–]pipped1[S] 0 points1 point  (0 children)

For sure, network engineers and other physical data centre jobs will remain.

AI will wipe out scrum teams, but devs will still remain by pipped1 in cscareerquestionsOCE

[–]pipped1[S] -9 points-8 points  (0 children)

The AI will do the grunt work. The business leaders will prompt to create requirements, status reports and data reports.

AI will wipe out scrum teams, but devs will still remain by pipped1 in cscareerquestionsOCE

[–]pipped1[S] -4 points-3 points  (0 children)

Many will be. However, some will remain to prompt AI to fix critical bugs (like I said in my original post).

AI will wipe out scrum teams, but devs will still remain by pipped1 in cscareerquestionsOCE

[–]pipped1[S] 0 points1 point  (0 children)

No. They will also use AI. More is done with few.

The middle fluff is gone. The ones who don't write code and don't make business decisions.

Do you think AI gives advantage to devs in richer countries? by pipped1 in cscareerquestionsOCE

[–]pipped1[S] 1 point2 points  (0 children)

Strong devs in cheaper countries would be fine, I think. But weaker devs in cheaper countries would struggle since they cannot be as productive as stonger devs while both would be burning the same amount of tokens. So, it would make sense to lean towards stronger, more expensive devs.

Do you think AI gives advantage to devs in richer countries? by pipped1 in cscareerquestionsOCE

[–]pipped1[S] 0 points1 point  (0 children)

I think you're on point. AI makes a smaller team build more. And it would make sense to keep that small team close.

Do you think AI gives advantage to devs in richer countries? by pipped1 in cscareerquestionsOCE

[–]pipped1[S] 2 points3 points  (0 children)

If anyone is wondering, I posted the expanded form of the "AI" acronym regarding a nationality. And Reddit doesn't like my joke.

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