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Sorry, but it just isn't, and I can say that from personal experience. Yes, the % amount looks high, but your 400th thousand dollar just isn't as impactful as

Sorry, but it just isn't, and I can say that from personal experience. Yes, the % amount looks high, but your 400th thousand dollar just isn't as impactful as your 100th thousand dollar. 50k post tax is not enough for someone currently maxing out their "retirement" to "nearly double their retirement investment, that isn't correct. The point is, after a certain absolute dollar number, additional dollars are incrementally less valuable, which makes questions like, "What does this do to my happiness?" a lot more relevant. Even if it allows you to retire meaningfully earlier, so what? Dying at 65 because you were stressed is definitely not worth it.

dpark 5y ago
> but it just isn't, and I can say that from personal experience Do you think you’re not on a forum filled with high income earners who also have personal experience with this? It’s telling that you both assert that you would accept the job for the money and that the money would have almost no impact. Either you don’t actually believe what you say or you’re admitting that you’re not rational. > 50k post tax is not enough for someone currently maxing out their "retirement" to "nearly double their retirement investment, that isn't correct. Define maxing out, then. Max 401k plus mega backdoor is about 65k, I believe. Another 50k would indeed be nearly double. (65k is also what this person would actually take home from a 100k raise, assuming filing single, depending on state income tax of course.) > The point is, after a certain absolute dollar number, additional dollars are incrementally less valuable No one has said otherwise. Literally every dollar has declining utility so this doesn’t provide the support for your argument that you imagine. There’s no “dollar value cliff” at 300k. > Even if it allows you to retire meaningfully earlier, so what? Dying at 65 because you were stressed is definitely not worth it. You’ve gone from “it won’t affect retirement” to “money can’t buy happiness” to “gonna die from the stress”. This all seems really fake given that not only have you wildly diverged from your original claim that it won’t allow one to retire earlier, but also because you said you would accept the promotion. I’m certainly not saying anyone should take the 100k raise and the responsibility that comes with it if they don’t need/want the money or they do not want the job change it brings. I’m just saying 100k raise is a lot of money for someone currently making 300k. For a lot of people at this level, another 100k would mean their spouse could stop working.
- TameAntelope 5y ago
  Heh! I am definitely not rational, I know this about myself. I grew up... not in poverty, but poor enough that I recognize my irrational fear of going back to that life, so $50k would be enough for me to act well beyond its utility, but I am certainly not rational. And I don't really want to argue with you about this. I'm referencing the "marginal utility of money" concept, and I think it applies here, and you don't. I'm okay with that! I think as long as we both agree that it's a thing, even if we disagree on where that line is, I'll be satisfied.
  - dpark 5y ago
    We both clearly agree about the marginal utility of money. And I think we both agree this doesn’t seem to be going anywhere useful. Take care and enjoy the weekend.

dpark 5y ago

> but it just isn't, and I can say that from personal experience Do you think you’re not on a forum filled with high income earners who also have personal experience with this? It’s telling that you both assert that you would accept the job for the money and that the money would have almost no impact. Either you don’t actually believe what you say or you’re admitting that you’re not rational. > 50k post tax is not enough for someone currently maxing out their "retirement" to "nearly double their retirement investment, that isn't correct. Define maxing out, then. Max 401k plus mega backdoor is about 65k, I believe. Another 50k would indeed be nearly double. (65k is also what this person would actually take home from a 100k raise, assuming filing single, depending on state income tax of course.) > The point is, after a certain absolute dollar number, additional dollars are incrementally less valuable No one has said otherwise. Literally every dollar has declining utility so this doesn’t provide the support for your argument that you imagine. There’s no “dollar value cliff” at 300k. > Even if it allows you to retire meaningfully earlier, so what? Dying at 65 because you were stressed is definitely not worth it. You’ve gone from “it won’t affect retirement” to “money can’t buy happiness” to “gonna die from the stress”. This all seems really fake given that not only have you wildly diverged from your original claim that it won’t allow one to retire earlier, but also because you said you would accept the promotion. I’m certainly not saying anyone should take the 100k raise and the responsibility that comes with it if they don’t need/want the money or they do not want the job change it brings. I’m just saying 100k raise is a lot of money for someone currently making 300k. For a lot of people at this level, another 100k would mean their spouse could stop working.

TameAntelope 5y ago
Heh! I am definitely not rational, I know this about myself. I grew up... not in poverty, but poor enough that I recognize my irrational fear of going back to that life, so $50k would be enough for me to act well beyond its utility, but I am certainly not rational. And I don't really want to argue with you about this. I'm referencing the "marginal utility of money" concept, and I think it applies here, and you don't. I'm okay with that! I think as long as we both agree that it's a thing, even if we disagree on where that line is, I'll be satisfied.
- dpark 5y ago
  We both clearly agree about the marginal utility of money. And I think we both agree this doesn’t seem to be going anywhere useful. Take care and enjoy the weekend.