On the fence. Intended to take it until the market tanked. My investments are in order, so I’m “ok” if I do, but not as confident as I was a month ago.
75 replies (most recent on top)
https://www.msn.com/en-us/autos/other/cybertruck-beats-fisker-ocean-as-edmunds-biggest-loss-ever-sold-for-just-8k/ar-AA1DIEvl?ocid=winp2fptaskbarhover&cvid=893cbab65cb7442aec47fd2d502f15e6&ei=12
https://www.msn.com/en-us/money/markets/trump-ready-to-bail-out-farmers-amid-trade-war-squeeze-rollins-says/ar-AA1DHVFQ?ocid=winp2fptaskbar&cvid=13071006d5774a4da34d17c5b9401524&ei=31
https://www.msn.com/en-us/news/politics/trump-outlines-what-total-victory-looks-like-in-his-trade-war-it-ll-cost-you/ar-AA1DC1re?ocid=msedgdhp&pc=DCTS&cvid=ae14e3faf58841caa3146166d77993d7&ei=32
Thank God, NC is not on this list.
https://www.gobankingrates.com/taxes/tax-laws/trump-eliminate-income-taxes-states-that-would-benefit-least/?hyperlink_type=manual&link_placement=incontent_link&link_position=2
https://www.youtube.com/shorts/wto33zthv3U
“Maybe if less take it than expected, they will lower the age and expand it to include JMP.”
Your lips to JG and JS ears.
Maybe if less take it than expected, they will lower the age and expand it to include JMP.
Why the downvotes? "What are you going to do with those numbers?" is a legitimate question.
"Would be interesting to know these numbers."
It is interesting to know what you intended to do with those numbers if they are provided.
"If this VRBP is like the one in 2021 then the bulk of the agreement that one signs to accept will be an exhaustive list of everyone to whom the VRBP was offered, listed anonymously by job title, age, and yes/no. So if you want to know how many took it or not, you need to find someone who did."
Would be interesting to know these numbers.
https://fortune.com/2025/04/15/u-s-economy-tourism-drop-losses/
https://www.youtube.com/watch?v=87l3xv6XwxY
I'm 63 and half and am taking the VRBP. Yeah, I don't love what the markets have done but this isn't exclusively a financial decision. As someone stated, I'm as young and healthy as I'll ever be. I want to enjoy life, travel, work on the hobbies I've put off ... and on and on and on.
I'm also more worried about the future of SAS than I ever have been. I doubt there will be another VRBP and the next round might not be voluntary. Is the timing perfect for this? No but I'm not sure it will ever be perfect.
For me, this is a fine time to retire and I'm quite excited about that lies ahead. I hope it all works out for everyone.
Some people have until April 15.
I hope that you are not one of the people who is deciding, because the deadline passed over the weekend.
Today is the final decision day to decide to go or stay.
OP already said OP is staying.
https://www.msn.com/en-us/money/markets/the-entire-global-economy-and-all-financial-markets-are-now-at-the-mercy-of-the-us-bond-market/ar-AA1CTYTT?ocid=winp2fptaskbar&cvid=7cf462b5ee9c47389f9a998b3fe5b10c&ei=22
If this VRBP is like the one in 2021 then the bulk of the agreement that one signs to acccept will be an exhaustive list of everyone to whom the VRBP was offered, listed anonymously by job title, age, and yes/no. So if you want to know how many took it or not, you need to find someone who did.
“ Word on the street is that OP isn’t the only one to have decided against. The current economic climate weighed heavily against the package.
With too few taking it, more layoffs will surely follow.”
So you are saying that at least two people didn’t take it? Crazy.
So how many took it and how many didn’t? Let me guess… you have no idea but figured you would throw BS out there anyway.
Word on the street is that OP isn’t the only one to have decided against. The current economic climate weighed heavily against the package.
With too few taking it, more layoffs will surely follow.
OP - what did you decide? Fans want to know.
@124+1jrbf9w06
"Economy is too unstable now to retire too early."
And if the economy were ok then "retire too early" is ok? Too early is too early, regardless of the stability of the economy.
And if it is not too early to retire, then the stability of the economy at the moment should not be a deciding factor because it has no relevance on what the economy is going to be doing over the course of a 30-year retirement.
The whole point of being ready to retire is that one has a portfolio that consists of a mixture of equities (stocks) for growth, and income (bonds/cash, social security) for stability. With such a portfolio, relax and retire. Make adjustments over the years.
OP, it's good that you decided to stay. Economy is too unstable now to retire too early.
OP here. I decided to stay.
You should check out the Variable Percentage Withdrawal method and spreadsheet at
https://www.bogleheads.org/wiki/Variable_percentage_withdrawal
I like the "Required Flexibility" section which gives you an idea of the required decrease in spending if there is a 50% correction in equities. If you're okay with the spending level after that potentiality, then you should be good to retire.
You are assuming that it is not true. Regardless, it was funny.
“I bet you were the smartest person in the 6th grade class (and the only one old enough to have a driving license).”
You correctly frown upon someone resorting to name calling and then immediately devolve your own comments into juvenile insult.
@r6+1jrbf9w06 "I shall call you 'Comic book guy'."
Yes, resort to name calling when you are unable defend your position using facts. I bet you were the smartest person in the 6th grade class (and the only one old enough to have a driving license).
If you’re 60 and you haven’t contacted a financial advisor yet you have no one to blame but yourself. The SAS plan allows you to take every penny out of your 401K and roll it over into other investments outside what Fidelity offers when you turn 59.5. Sure the Fidelity expenses are low but the 401K options are few. It’s got to be a rollover or you have to pay taxes on everything you take out. You can still contribute until you end your time at SAS.
Go to Dave Ramsey and find a fiduciary that you can work with.
https://www.ramseysolutions.com/retirement/smartvestor
“The conclusion is based on false assumptions, and is also therefore false”
I shall call you “Comic book guy”.
@pk+1jrbf9w06
The conclusion is based on false assumptions, and is also therefore false.
How NC feels about tariffs.
https://www.youtube.com/watch?v=kDtDbo3fvM0
If retired at 60, can OP or anyone else for that matter afford to pay or want to pay 145% tariff on most things you buy?
For example, a red hat cost $19.99 but if 145% tariff applies it will increase by $28.9855 so the total final price of the red hat is $19.99 + $28.9855 = $48.9755 rounded to the nearest cent is final total price of $48.98. Do you see how ridiculously this is?
Tariffs are taxes on the consumers. The super rich can afford anything no matter how high but the middle and lower class working Americans cannot afford to do so.
Everyone should do away with tariffs and set it to 0 on both sides. Everyone sells to each other what they can and buy what they can. Don't be mad about it. Let's live in peace!
https://www.msn.com/en-us/money/markets/the-bond-market-selloff-badly-rattled-investors-here-s-what-analysts-are-saying-about-this-key-market-and-what-s-to-come/ar-AA1CEDeX?ocid=winp2fptaskbar&cvid=219b665d3ad84445a666a78d62d6cfc7&ei=110
"Or perhaps well-informed and unindoctrinated."
If your "well informed" and "unindoctrinated" opinion is coming from the same MSM that lied about Biden"s mental decline for nearly 4 years then the joke is on you.
CNN
"What you need to know
• US-China trade escalation: US stocks tumbled today after the White House clarified that its tariff on all Chinese goods was at least 145% — even higher than previously believed. This comes a day after US stocks skyrocketed following President Donald Trump’s announcement of a 90-day pause on all “reciprocal” tariffs, except for China. Beijing, meanwhile, implemented its own retaliatory tariffs of 84% on US goods."
OP, stocks tumbled again today and bonds are not doing good either with selloffs lately....so unless you're confident of your wealth, maybe keep on working for now since you're only 60 and still young-ish. If you're 65 I'd say take the package since you get Medicare but you're just 60 so maybe try to work another year or two at least. Good luck.
OP asked if anyone else taking package.
“Just because you are not privy to and do not understand the President’s comprehensive economic plans to return the country to greatness does not mean anything except that you are ignorant and you do not understand.”
Or perhaps well-informed and unindoctrinated. Pot, meet kettle.
https://x.com/JSchultz44/status/1910061705003991304
Just because you are not privy to and do not understand the President’s comprehensive economic plans to return the country to greatness does not mean anything except that you are ignorant and you do not understand.
https://x.com/JSchultz44/status/1910061705003991304