Actuarial Outpost
 
Go Back   Actuarial Outpost > Actuarial Discussion Forum > Finance - Investments > Non-Actuarial Personal Finance/Investing
FlashChat Actuarial Discussion Preliminary Exams CAS/SOA Exams Cyberchat Around the World Suggestions

Salary Surveys
Property & Casualty, Life, Health & Pension

Health Actuary Jobs
Insurance & Consulting jobs for Students, Associates & Fellows

Actuarial Recruitment
Visit DW Simpson's website for more info.
www.dwsimpson.com/about

Casualty Jobs
Property & Casualty jobs for Students, Associates & Fellows


View Poll Results: What age?
<25 20 9.30%
26 17 7.91%
27 19 8.84%
28 21 9.77%
29 13 6.05%
30 28 13.02%
31 15 6.98%
32 11 5.12%
33 13 6.05%
34 10 4.65%
35 9 4.19%
36 8 3.72%
37 5 2.33%
38 9 4.19%
>39 17 7.91%
Voters: 215. You may not vote on this poll

Reply
 
Thread Tools Search this Thread Display Modes
  #251  
Old 04-24-2018, 01:05 PM
Colonel Smoothie's Avatar
Colonel Smoothie Colonel Smoothie is online now
Member
CAS
 
Join Date: Sep 2010
College: Jamba Juice University
Favorite beer: AO Amber Ale
Posts: 47,806
Default

Quote:
Originally Posted by djdadude View Post
Wait, is this right? Can you show your work? Quickly in Excel, I'm using:

=FV(0.07, 10, 10000, 250000)

and only getting about $630K... have I just woefully forgotten FM material?
matching contribution?
__________________
Recommended Readings for the EL Actuary || Recommended Readings for the EB Actuary

Quote:
Originally Posted by Wigmeister General View Post
Don't you even think about sending me your resume. I'll turn it into an origami boulder and return it to you.
Reply With Quote
  #252  
Old 04-24-2018, 01:07 PM
djdadude's Avatar
djdadude djdadude is offline
Member
CAS
 
Join Date: May 2012
Posts: 2,516
Default

OK then, I'll double the payment.

=FV(0.07, 10, 20000, 250000)

This gives $768K. That is a far cry from $1M. Still not sure I'm not mathing wrong though.

But at the end of the day, someone is turning in their actuary badge and gun.
Reply With Quote
  #253  
Old 04-24-2018, 01:15 PM
yoyo's Avatar
yoyo yoyo is offline
Member
CAS
 
Join Date: Dec 2001
Posts: 22,217
Default

Quote:
Originally Posted by BigBlackBen View Post
What job do you recommend? I think I would hate any real job. I wouldn’t mind being a volunteer track coach or something after I retire.
i have no idea what you might like, other than vol track coach.

meh, hate your work and be miserable for the next couple decades. your life, your choice
Reply With Quote
  #254  
Old 04-24-2018, 03:38 PM
KernelMustard's Avatar
KernelMustard KernelMustard is offline
Member
SOA
 
Join Date: Aug 2015
Posts: 637
Default

Quote:
Originally Posted by djdadude View Post
Wait, is this right? Can you show your work? Quickly in Excel, I'm using:

=FV(0.07, 10, 10000, 250000)

and only getting about $630K... have I just woefully forgotten FM material?
Woops, I misspoke. I meant $250k by age 25. You get to $950k
Reply With Quote
  #255  
Old 04-24-2018, 03:41 PM
redearedslider's Avatar
redearedslider redearedslider is offline
Member
CAS
 
Join Date: Oct 2015
Posts: 13,392
Default

Quote:
Originally Posted by BigBlackBen View Post
What job do you recommend? I think I would hate any real job. I wouldn’t mind being a volunteer track coach or something after I retire.
Sugar baby? Trophy wife/husband? Twitch streamer?
__________________
Quote:
Originally Posted by Abraham Weishaus View Post
ASM does not have a discussion of stimulation, but considering how boring the manual is, maybe it would be a good idea.
Reply With Quote
  #256  
Old 04-24-2018, 03:45 PM
This is my Alt's Avatar
This is my Alt This is my Alt is offline
Member
SOA
 
Join Date: Jul 2012
Posts: 2,625
Default

I don’t believe in saving for retirement. Only contribute up to the company match to get free money that can be later used via 401(k) loan.
__________________
I believe they call this - "getting served"

Spoiler:
Quote:
Originally Posted by This is my Alt View Post


Of course Sotomayor voted against it. It's the only reason she got into the Ivy League
Quote:
Originally Posted by Loner View Post
And you know this because?

Jackassery like yours is exhibit A in why it's needed. You assume because she's Latina that's the only reason she made it.
Quote:
Originally Posted by NYTimes
For all her reticence in discussing her legal views, Sotomayor is frank about how much she benefited from affirmative action.
Reply With Quote
  #257  
Old 04-24-2018, 04:44 PM
OnLevel OnLevel is offline
Member
CAS
 
Join Date: Nov 2016
Posts: 1,132
Default

Quote:
Originally Posted by This is my Alt View Post
I don’t believe in saving for retirement. Only contribute up to the company match to get free money that can be later used via 401(k) loan.
What do you do with the loan money?
Reply With Quote
  #258  
Old 04-24-2018, 04:45 PM
OnLevel OnLevel is offline
Member
CAS
 
Join Date: Nov 2016
Posts: 1,132
Default

Quote:
Originally Posted by nonactuarialactuary View Post
What are you investing in? The S&P 500 is pretty much exactly where it was to start the year. Lots of gains in January that were wiped out in February and March, with a modest rise again in April. YTD, the markets have been remarkably flat.
bitcoins, imo
Reply With Quote
  #259  
Old 04-25-2018, 12:07 PM
ALivelySedative's Avatar
ALivelySedative ALivelySedative is offline
Member
CAS
 
Join Date: Dec 2013
Location: Land of the Pine
College: UNC-Chapel Hill Alum
Favorite beer: Red Oak
Posts: 2,566
Default

I might hit 100k by the end of the year. Have to extrapolate mightily what I think my pension PV is, but even conservatively i think i'll hit it.
Reply With Quote
  #260  
Old 04-25-2018, 01:27 PM
celalta's Avatar
celalta celalta is offline
Member
SOA
 
Join Date: Oct 2012
Studying for Health Foundations
Posts: 862
Default

100k line crossed at 38, first dollar contributed to a retirement account at age 33.

Contributions + growth have taken that to 175k over the next 1.5 years .
__________________
P FM MFE VEEs MLC C FAP APC ASA
Reply With Quote
Reply

Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off


All times are GMT -4. The time now is 01:20 PM.


Powered by vBulletin®
Copyright ©2000 - 2018, Jelsoft Enterprises Ltd.
*PLEASE NOTE: Posts are not checked for accuracy, and do not
represent the views of the Actuarial Outpost or its sponsors.
Page generated in 0.28337 seconds with 12 queries