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2017 ACTUARIAL SALARY SURVEYS
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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

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  #251  
Old 04-24-2018, 01:05 PM
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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?
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  #252  
Old 04-24-2018, 01:07 PM
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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.
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  #253  
Old 04-24-2018, 01:15 PM
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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
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  #254  
Old 04-24-2018, 03:38 PM
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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
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  #255  
Old 04-24-2018, 03:41 PM
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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?
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  #256  
Old 04-24-2018, 03:45 PM
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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.
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  #257  
Old 04-24-2018, 04:44 PM
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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?
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  #258  
Old 04-24-2018, 04:45 PM
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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
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  #259  
Old 04-25-2018, 12:07 PM
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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.
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  #260  
Old 04-25-2018, 01:27 PM
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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 .
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