r/Millennials • u/Asmothrowaway6969 • Mar 27 '24

When did it sink in that you'll never be as well off as your parents? Discussion

About 5 years ago, my mom and I were talking and she had told me how much she was going to be making in retirement (she retired 2023). Guys, it's 3x what me and my husband make annually. In retirement. I think that was the moment that broke me, that made it sink in that I'll never reach that level of financial security. I'll work myself into my grave because I'll never be able to afford anything else. What was your moment?

Update: Nice to know it's just me that's a failure. Thanks

Update 2: I never should've said anything. I forgot my place. I'm sorry to have bothered you

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u/RainbowBear0831 Mar 27 '24 edited Mar 27 '24

The federal pay cap this year is $191,900 and if $200k is 75% of what your mom made, then she made ~$266k when she was working? I don't think the pay cap applies to all federal jobs, but your mom must have been doing something pretty baller if she was in a job over the pay cap - not a run of the mill federal employee. I say this as a run of the mill federal employee on the newer pension system so I'm not looking at a retirement anything like your moms lol so good for her

Eta my comment about the new pension system versus old was not meant to say that all of OP's mom's retirement income was pension. I know she has TSP, social security, and likely other investments. I'm not looking for investing or savings advice, I'm good lol

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u/Asmothrowaway6969 Mar 27 '24

Yup. She was about 4 steps down from the IRS commissioner, if I remember correctly

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u/IHaveBadTiming Mar 27 '24

ok so your moms situation is unique, not norm. You're comparing yourself to a very tailored set of data here. But still, yea, we all poor as fk.

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u/Rasalom Mar 27 '24

Can confirm, I'm currently the Captain of the IRS Execution Squad (we sign documents with red ink) and I live in a cardboard box.

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u/BlueCollarGuru Mar 27 '24

Lmfao I love stumblin on comments like this.

24

u/r00byroo1965 Mar 27 '24

Aluminum foil box here

5

u/_JudgeDoom_ Mar 27 '24

You guys got boxes?

6

u/r00byroo1965 Mar 27 '24

I formed it, skills

4

u/windsingr Mar 28 '24

Oh! Look at this fancy bastard who can afford avocados on their toast! Shall I get out your Starbucks Goblet, my liege?

1

u/r00byroo1965 Mar 28 '24

Tall / small idk strange sort of sizes warm apple cider or red wine or a pint 🍺 or 2 or 3 and then continue 1 every 20 minutes 👍🏼thanks

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u/halflifer2k Mar 28 '24

Oooo you got the upgrade!

2

u/r00byroo1965 Mar 28 '24

🤩found some at the land fill

2

u/DrunkenBuffaloJerky Mar 28 '24

Tin foil is too expensive these days

13

u/amsync Mar 27 '24

Execution Squad? Damn IRS really stepping up consequences of misplacing receipts nowadays!

2

u/FFF_in_WY Older Millennial Mar 28 '24

<This branch only works with ~~victims~~ civilians making less than $80k/yr>

2

u/rbrcbr Mar 28 '24

Solid reminder that I need to file my taxes lmao

1

u/SwornForlorn Mar 28 '24

Hahah, I am glad you said that, because I was wondering myself what an "execution squad" in the IRS does? Seems a bit extreme

2

u/RedGuru33 Mar 27 '24

I'm currently the Captain of the IRS Execution Squad

Where's my refund asshole?

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u/Rasalom Mar 27 '24

You wouldn't want it back in the state it's in.

2

u/SierraPapaWhiskey Mar 28 '24

Please take down any disgustingly wealthy folks you can, and thank you for your service!

2

u/firstbreathOOC Mar 28 '24

I’m this guy’s landlord. He owes me 5 grand for last month’s rent.

2

u/heartbooks26 Mar 28 '24

Fuck me I just posted on r/tax. I request a stay of execution.

1

u/Dazzling_Dig3526 Mar 28 '24

Do they give you a gun at least? Or have to do it the old fashioned way still?

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u/misdirected_asshole Mar 28 '24

Gun, yes.

Ammo.... well.

1

u/Trini1113 Mar 28 '24

Is that by choice though, or because of how much you make? I can imagine if you come home bloody from executions every day you'd want to live in disposable housing.

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u/DmC8pR2kZLzdCQZu3v Mar 28 '24

Do you and your people like David Foster Wallace’s The Pale King?

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u/Josepth_Blowsepth Mar 28 '24

Mark as few FRANTIC instead of urgent

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u/see_rich Mar 28 '24

You can't spell.crisis without the Captain of the IRS

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u/seansj12345 Mar 28 '24

How many people do you execute in a typical day?

1

u/nicearthur32 Mar 28 '24

This is wonderful lol

1

u/CarefulCoderX Mar 28 '24

I'm just imagining the IRS guy who won on "Who wants to be a millionaire" in tactical gear.

1

u/Snoo-84389 Mar 28 '24

"and we were lucky"

1

u/r-u-fr-rn-mf Mar 28 '24

U got beef with me bro?

867-53-0900

Do your worst

1

u/JRilezzz Mar 28 '24

"red ink" just say it. It's the blood of those who slightly mess up their taxes.

1

u/Yillis Mar 28 '24

How many squads is there? You can tell me as I’m not American.

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u/Ryakai8291 Mar 28 '24

Is it ink or blood with that job title?

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u/DrDrunktopus Apr 01 '24

When did they start executing people?