4 ms·

Tim Cook refreshing his 401k page every day to see if he’s ready to FIRE.

by snowwrestler 6mo ago

boringg 6mo ago
[flagged]
- leoff 6mo ago
  your comment read as AI
  - boringg 6mo ago
    what is wrong you guys? How is my comment read as AI?
    - dkdbejwi383 6mo ago
      AI takes everything at face-value and cannot understand obvious jokes.
retired 6mo ago
"Should I use a 3.5% or a 4% safe withdrawal rate? My house is paid off and I got a company pension, two dogs and a partner. Cars are paid off but our iPhones are on a payment plan till 2028. Net worth around $2.5 billion but highly concentrated in one company"
- rootusrootus 6mo ago
  > Should I use a 3.5% or a 4% safe withdrawal rate? Well... > My house is paid off and I got a company pension, two dogs and a partner. Kids? What are you planning for your estate after you croak? You can do a little better than 4% with an lifetime joint annuity for you and your partner, so long as you don't care about leaving anything to family...
  - FireBeyond 6mo ago
    > You can do a little better than 4% with an lifetime joint annuity for you and your partner, so long as you don't care about leaving anything to family... "How are you spending your retirement with all that free time?" "SKIing" "Aren't you a bit old for that... wait, what?" "Spending Kids' Inheritance"
ecshafer 6mo ago
I know this is a joke. But when I was at Vanguard, something like 95-99% of our users literally just logged on, checked their balance and logged off. A decent percentage of the user base does that every day. So only a few percentage a day actually made a trade or anything else. I always found it pretty odd before I realized I only make a trade 1 or 2% of the time.
- icedchai 6mo ago
  I'm one of those users! I make a trade at Vanguard maybe every other month! I have another brokerage account I use for more active trading. My Vanguard account isn't "for" that, and the UI is so bad it kind of discourages it.
  - edm0nd 6mo ago
    This is the same way I treat my 401k platform too. I never touch it and only log in to check a balance a few times a year. I opened a RobinHood acct for my own lil side pot and projects that I actively buy/sell on.
- ValentineC 6mo ago
  > But when I was at Vanguard, something like 95-99% of our users literally just logged on, checked their balance and logged off. A decent percentage of the user base does that every day. So only a few percentage a day actually made a trade or anything else. Most people just want to keep tabs on how that petulant orange manchild is wrecking their portfolio with his disgusting market manipulation antics.
- snowwrestler 6mo ago
  That’s how Vanguard keeps their costs so low, they just set a full page cache with 86,400 TTL and only a few people notice.
- Barbing 6mo ago
  >A decent percentage of the user base does that every day. Do they weigh themselves every day too? Kidding, I’m sure I’m ignorant of the rationale. Thought weekly, monthly would be better to understand trends or not get unnecessarily worried. Maybe I’m so wrong the opposite is true.

Tim Cook refreshing his 401k page every day to see if he’s ready to FIRE.

boringg 6mo ago

[flagged]

leoff 6mo ago
your comment read as AI
- boringg 6mo ago
  what is wrong you guys? How is my comment read as AI?
  - dkdbejwi383 6mo ago
    AI takes everything at face-value and cannot understand obvious jokes.

retired 6mo ago

"Should I use a 3.5% or a 4% safe withdrawal rate? My house is paid off and I got a company pension, two dogs and a partner. Cars are paid off but our iPhones are on a payment plan till 2028. Net worth around $2.5 billion but highly concentrated in one company"

rootusrootus 6mo ago
> Should I use a 3.5% or a 4% safe withdrawal rate? Well... > My house is paid off and I got a company pension, two dogs and a partner. Kids? What are you planning for your estate after you croak? You can do a little better than 4% with an lifetime joint annuity for you and your partner, so long as you don't care about leaving anything to family...
- FireBeyond 6mo ago
  > You can do a little better than 4% with an lifetime joint annuity for you and your partner, so long as you don't care about leaving anything to family... "How are you spending your retirement with all that free time?" "SKIing" "Aren't you a bit old for that... wait, what?" "Spending Kids' Inheritance"

ecshafer 6mo ago

I know this is a joke. But when I was at Vanguard, something like 95-99% of our users literally just logged on, checked their balance and logged off. A decent percentage of the user base does that every day. So only a few percentage a day actually made a trade or anything else. I always found it pretty odd before I realized I only make a trade 1 or 2% of the time.

icedchai 6mo ago
I'm one of those users! I make a trade at Vanguard maybe every other month! I have another brokerage account I use for more active trading. My Vanguard account isn't "for" that, and the UI is so bad it kind of discourages it.
- edm0nd 6mo ago
  This is the same way I treat my 401k platform too. I never touch it and only log in to check a balance a few times a year. I opened a RobinHood acct for my own lil side pot and projects that I actively buy/sell on.
ValentineC 6mo ago
> But when I was at Vanguard, something like 95-99% of our users literally just logged on, checked their balance and logged off. A decent percentage of the user base does that every day. So only a few percentage a day actually made a trade or anything else. Most people just want to keep tabs on how that petulant orange manchild is wrecking their portfolio with his disgusting market manipulation antics.
snowwrestler 6mo ago
That’s how Vanguard keeps their costs so low, they just set a full page cache with 86,400 TTL and only a few people notice.
Barbing 6mo ago
>A decent percentage of the user base does that every day. Do they weigh themselves every day too? Kidding, I’m sure I’m ignorant of the rationale. Thought weekly, monthly would be better to understand trends or not get unnecessarily worried. Maybe I’m so wrong the opposite is true.