Thread regarding Wells Fargo & Co. layoffs

Yeah, like techbro @c7+1jyawb80n says, baby go all in CRYPTO!

*** nahh, it barely resembles a Ponzi scheme, right (?). I mean everybody is always going to have confidence in something imaginary that is beloved by con artists and criminals to launder dirty cash.

Move to the Philippines and you can easily retire...

You sound like a lazy slug. I hope you get what you deserve.

Based on my calculation, the answer is .... drum roll .... no!
Thanks again for playing.

Just some thoughts:

You're not American, as you asked for "advise", not "advice". Either that or your grammar su-ks, which means you're lying about making $150K after taxes.

This is a layoff board, not retirement planning. Which means you're an id--t and don't really make over $150K after taxes.

Chances are your unemployed or in a dead-end job and have nothing better to do with your life other than troll people who have real jobs and real concerns about layoffs.

Soliciting financial advice on a message board? That's rich.

Retire now, cash it all out and take it to Foxwoods in CT and let it ride. If you are soliciting legal/career advice, definitely launch any type of complaint with HR/ER.

lol OP. Suuuuure you do. $5 says this guy does work for WF and is pulling down $20/hr.

Sigh

this is stupid on stilts.

if what you say is 'true', you should contact a finical advisor..............v

The rule of 25.... Multiply your needed/desired income by 25 and that's about how much liquid assets you'd need spinning off dividends, interest, etc. to make your $10k per month. Illiquid assets (like a home) don't typically count because they don't produce income unless of course you plan to downsize later in life.

Troll.

Reddit “financial independence”, “FIRE” (financial independence retire early). Lots of likeminded individuals to help you there.

@cd because he used to make peanuts at Wellsfargo. You can’t retire by making peanuts at Wellsfargo

you're asking this on a layoff board for a company you don't work for... why?

If you saved that much till now - you don’t need 3-4 M to retire. Think about it. You must be saving 40K per year already. I’m assuming you’re living on 50K now.

You’re probably maxing out retirement accounts. Favor Roth accounts now. Put money in brokerage. Look up SEPP. Use the brokerage to do Roth conversions when you take SEPP. This will help you avoid massive RMD taxes later.

Put it in crypto and retire now.

Invest it fairly aggressively in stocks for 10-15 years, but you'll have to keep working.

You need about $7M.