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  #41  
Old 04.02.2019, 21:37
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Re: Has anyone ever made it to 65 and employed?

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For what is worth, age discrimination is much worse in the US.
I wouldn't call it discrimination, it's just how it is.

I think you either plan to save enough until 50+ or you get into a job where you have the option of working as long as you like. If you get comfortable into a job where you can easily be replaced, this might actually happen.
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  #42  
Old 04.02.2019, 21:47
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Re: Has anyone ever made it to 65 and employed?

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520, rather than 400.

Tom
So 2 full years rather than 18 months..
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  #43  
Old 04.02.2019, 21:53
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Re: Has anyone ever made it to 65 and employed?

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I wouldn't call it discrimination, it's just how it is.

I think you either plan to save enough until 50+ or you get into a job where you have the option of working as long as you like. If you get comfortable into a job where you can easily be replaced, this might actually happen.
In banking, age discrimination in the US is rife... Perhaps not in manufacturing but in banking, they/banks will replace you in a heartbeat for younger employees. That said, some European banks espouse a different view and value experience/age.

Just my view based on our experience...
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  #44  
Old 04.02.2019, 22:21
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Re: Has anyone ever made it to 65 and employed?

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In banking, age discrimination in the US is rife... Perhaps not in manufacturing but in banking, they/banks will replace you in a heartbeat for younger employees. That said, some European banks espouse a different view and value experience/age.

Just my view based on our experience...
If you did not make $50 million in banking in the US by the time you were 50 you were very 3rd rate & would naturally be fired. GS sacked the weakest 10% of employees every year.
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  #45  
Old 04.02.2019, 22:29
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Re: Has anyone ever made it to 65 and employed?

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If you did not make $50 million in banking in the US by the time you were 50 you were very 3rd rate & would naturally be fired. GS sacked the weakest 10% of employees every year.
Wow! What an extremely parochial view assuming all bankers work for GS!! Or GS is like other US banks... You are wrong FMF and your viewpoint is suspect. You think GS is the benchmark????
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  #46  
Old 04.02.2019, 22:33
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Re: Has anyone ever made it to 65 and employed?

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Wow! What an extremely parochial view assuming all bankers work for GS!! Or GS is like other US banks... You are wrong FMF and your viewpoint is suspect. You think GS is the benchmark????
GS is undoubtedly the benchmark. Then I am an early retired investor, I can't think of any other Bank I would invest in.
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  #47  
Old 04.02.2019, 22:39
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Re: Has anyone ever made it to 65 and employed?

PS... Goldman Sachs has a few issues with which to contend. Most prominently their participation in the 1MBD scheme. What rhymes with fraud??

https://www.ccn.com/1mdb-scandal-gol...ose-40-million
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  #48  
Old 04.02.2019, 22:40
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Re: Has anyone ever made it to 65 and employed?

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GS is undoubtedly the benchmark. Then I am an early retired investor, I can't think of any other Bank I would invest in.
You may want to rethink your investment....
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  #49  
Old 04.02.2019, 22:55
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Re: Has anyone ever made it to 65 and employed?

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You may want to rethink your investment....
I don't think so, my residual holding was purchased in late 2008, even with a 50% fall I am still in profit. There is no other Bank I would ever invest in.
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  #50  
Old 04.02.2019, 23:00
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Re: Has anyone ever made it to 65 and employed?

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I don't think so, my residual holding was purchased in late 2008, even with a 50% fall I am still in profit. There is no other Bank I would ever invest in.
Fair enough but GS is not indicative of typical US banks and to say if one did not make $50 million by the age of of 50 may be true for GS bankers but not so of the US banking system as a whole. In short, your numbers are off and not applicable for most US banks...
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  #51  
Old 04.02.2019, 23:21
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Re: Has anyone ever made it to 65 and employed?

Or UK banks or European banks for that matter...
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  #52  
Old 05.02.2019, 08:02
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Re: Has anyone ever made it to 65 and employed?

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If you did not make $50 million in banking in the US by the time you were 50 you were very 3rd rate & would naturally be fired. GS sacked the weakest 10% of employees every year.
I would take the occasion to ask for advice which kind of jobs pay so much. I am a software expert and no matter if I opt to work for financial or technological companies I can save ~ $2 minion by the age of 50 from my salary. Of course I'm talking about the raw direct savings, not about my capital which I should be able to build by investment, etc.

I find working with financial software dull. The technology is often very outdated, people disengaged and there's no career opportunities. It's just a daily treadmill in exchange for top of the market salaries. You can find more interesting job for the same money.
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  #53  
Old 05.02.2019, 08:50
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Re: Has anyone ever made it to 65 and employed?

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I would take the occasion to ask for advice which kind of jobs pay so much. I am a software expert and no matter if I opt to work for financial or technological companies I can save ~ $2 minion by the age of 50 from my salary. Of course I'm talking about the raw direct savings, not about my capital which I should be able to build by investment, etc.

I find working with financial software dull. The technology is often very outdated, people disengaged and there's no career opportunities. It's just a daily treadmill in exchange for top of the market salaries. You can find more interesting job for the same money.
The people who directly make money for the Bank, not support staff.
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