Madison MoneySports - Personal Finance Thread

[V1GiLaNtE]

I know you got this, but I urge everyone to be aware of the assumptions made in their models.  I have a pension plan through Deloitte aside from our 401k, but it truly isnt that much.  I almost died laughing when I got a piece of mail stating the value amount when I hit retirement (like astronomical for this pension).  Then I looked at the assumptions, they sure have rosy colored glasses.

The retirement calculators also assume that your expenses will be the same as they are now.  Which is silly.  

No,  Im not living in the DC area and putting 2 kids in daycare/private school / college  when I retire.

Living on a boat in mexico is pretty damn cheap.

Yeah except for the fact healthcare will be more than putting your kids through daycare.  It's insane what current healthcare costs are right now with insurance.  Who knows what the future entails.

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I know you got this, but I urge everyone to be aware of the assumptions made in their models.  I have a pension plan through Deloitte aside from our 401k, but it truly isnt that much.  I almost died laughing when I got a piece of mail stating the value amount when I hit retirement (like astronomical for this pension).  Then I looked at the assumptions, they sure have rosy colored glasses.

After I left and got my statement I figured it was enough money to have a nice "Fuck you Deloitte" lunch a month.

Pretty much    I mean if you stay there 30+ years, the service credit starts to become insane; but how many people stay in one job or 30 years in consulting?

Tax accountants and lawyers. Otherwise, nobody.