turkish

Assuming ST = short term, what’s the time horizon you expect?

Advice on how to eat the cake is probably more of why the thread was made, but your input and perspective is still helpful. Thanks!

quote:

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Pull by hand

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May be therapeutic, but it’s coming right back from the roots left behind. And if you don’t throw away what you pull, you’re spreading it.

The vibes are increasingly feeling like he will be retained. That’s what has him concerned.

Not for me but for a close acquaintance to whom I was able to provide no advice.

Employer was acquired by a wing of a very large corporation. Acquaintance is high performing VP/director level in the finance space but loyal and happy with the previous situation. Lots of redundancies post-acquisition. Multiple top notch superiors from original employer have already left.

Acquaintance hates the new situation, people but they have too much unvested stock to leave proactively. If he’s RIF’d or dismissed as a redundancy (any reason not for-cause) the stock is his. If the new company keeps him, he has to wait years for the stock.

Acquaintance wants out bad but can’t walk away from the stock. Being let go would be the best thing for his family. Most of his original peers are being let go, but he fears he’s been too obvious about the value he provides. Any tactful ways to approach this?

Thanks for keeping it apolitical. I wasn’t arguing that new challenges don’t exist. I live them daily! I asked what challenges exist that make saving unwise. I’m genuinely trying to understand.

But what kind of challenges are they fearing that legitimately would make saving money now unwise? Because “vibes” isn’t any more legitimate a reason now than it was 30 years ago.

I have no doubt some may jump from “challenges” straight to “YOLO.” I’m just arguing that that jump is totally illogical.

Increasingly, Americans lack foresight. Technology and success have driven us to be more shortsighted, less patient, and expecting instant gratification. It’s not our culture to “trust the process” any more. And I think this applies to some degree to all living generations now.

If you’re a deer and turkey hunter using bait outside of S TX, I’m looking at you.

Much appreciated!

Dan was a friend to many friends but I never met him. Times like this make me regret not trying to connect. What a great guy!

I’m one it’s lost on. Could you give me some hints. Genuinely curious.

I’ll watch tonight, but is she talking about $2MM outside of retirement accounts? As in, retire accounts are lagniappe and the $2MM is just to get one to 59.5 or 62 or 67, etc ?