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This keeps being brought up but I'm sorry, no. The IBMer maybe has a larger house that they own rather than rent. In basically every other respect, the $240k-ea
by jogjayr 8y ago
This keeps being brought up but I'm sorry, no. The IBMer maybe has a larger house that they own rather than rent. In basically every other respect, the $240k-earning employee comes out ahead. The latter earns more, can save _way_ more, lives in an area with better weather, and can afford to retire far earlier.
- moftz 8y agoExactly, they can put much more into a 401k and then move somewhere cheap to retire and have a much higher standard of living than the $50k guy would.