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What will you do for income when you’re too old to get a job in IT?
by blickentwapft 6y ago
What will you do for income when you’re too old to get a job in IT?
- matz1 6y agolive off investment/retirement account.
- Haul4ss 6y agoThis is a good question to ask regardless of your career. It's a combination of factors: specialization narrowing the range of possible jobs, experience tending to command a higher salary, and flat-out age discrimination. You will likely have peak earning years, and that means earnings will decline post-peak. For most people this is true, not everybody. If you know this is a likely pattern, you can do something about it. Namely, live below your means, invest, bank raises, keep a lid on lifestyle inflation, and accept that some day you will take a job that pays less than your previous job and that this change should not be ruinous.
- sys_64738 6y agoBy then it's already too late. You should have an exit strategy when bringing the money in in the early years. Most folk in their twenties don't realize they're forty before they know it.
- MangoCoffee 6y agoagree. max your 401k and buy Index fund if you can. plan your retirement early or save up your money and moved to developing country like Thailand, Taiwan or any safer developing countries with low cost of living and just enjoy your life. my plan is retired at around 50s in Asia and just travel around Asia and do some freelance works.
- bananaface 6y agoI would hate to move halfway around the world for retirement if I had kids.
- MangoCoffee 6y agoby the time that i'm in my 50s. i hope my kids are out of the house. its not for everyone.
- cptnapalm 6y agoI recall reading about the large scale defense programmer layoff a few decades ago. Bus driver was a common 2nd career.
- grugagag 6y agoIm wondering too if I'll be able to find work when I'll be in my 50s, im now in my early 40s. I am hoping I will find some even if I'll have to lower my salary expectations which is kindof okay, especially if it's work that i'll enjoy.