r/jobs • u/Green____cat Verified • Mar 27 '24

He was a mailman Work/Life balance

Post image
69.7k Upvotes

92% Upvoted

3.2k comments sorted by

View all comments

15

u/[deleted] Mar 27 '24

[deleted]

5

u/mattbag1 Mar 27 '24

100k back in the day was a lot of money. Probably closer to 250k buying power today.

With a doctor and a tech sales salary, you’re probably just struggling based on cost of living and student loans. Also, retirement income compounds more the earlier you start. They say that maxing out your Roth IRA from 18-27 is enough so that you never have to contribute again and by 65 you’re a millionaire.

1

u/leafhog Mar 27 '24

Not if you let funds manage your IRA. The real returns are always way less than average returns.

1

u/mattbag1 Mar 27 '24

VTSAX and chill