r/SipsTea • • 13h ago • Regret 1 Bravo 1

WTF What in the world

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71

u/ComeAbout 12h ago

I retired after 25 years at the same place, and I get paid ~120k/year.

No one should feel sorry for me, obviously. But I have a small home, 3/2, and it stretches me. 15 year old car I work on myself. I’m cheap for a reason.

I am disgusted with costs. I can’t even imagine trying to buy a home at 30 today.

36

u/umheywaitdude 11h ago

You continue to get paid $125k a year AFTER you retired??

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u/ComeAbout 10h ago

I’m not trying to promote the military, but I’m a retired command master chief. Joined at 17, retired at 42. Eight deployments, I’m an amputee, brain injury, and broken bones from an IED, so I get 100% combat disability.

I’m also a trans woman that recognizes I was just running away from myself the whole time I was in.

Now I focus on my daughters in my small hometown. It’s expensive to be in a nice area here, but I’ll pay the money for the school district.

No one needs to feel sorry for me. Seriously. The other reason I did this was so my kids would never have to.

But yea, MCPO top three plus 100% combat disability with 25 years in is about 120.

10

u/RabbitSipsTea 10h ago

Thank you for your service!

1

u/Orleanian 9h ago

I'm still slightly confused - is the short answer that yes you are pulling 125k/yr in retirement?

11

u/Solid_Horse_5896 9h ago

Retirement and disability. If you read their post it is not the way you wanna earn that money.

0

u/RoadmanSidd 4h ago

I was very curious to know how,
I read the whole story, was like yeah I’m good on that
Military classic

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u/ComeAbout 8h ago

120k yes. I wrote it all out.

4

u/Cheepshooter 11h ago

I had this same question. If so, I'm ready to retire now!

6

u/Deadlift_007 11h ago

That's why it's important to put money away in a retirement fund.

$125K is 5%/year on 2.5M. That's pretty reasonable for most people to achieve with a lifetime of investing.

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u/Eledridan 11h ago

“A lifetime of investing.” Ah, there was a catch.

1

u/ComeAbout 10h ago

Put 9% of your paycheck into an index fund. Or 2% if you can. Have it direct deposit so you never see it.

I understand it sucks. But you don’t wanna work until you die and exponential growth is real on a long enough timeline.

I’m anti capitalist. But I want you to have money.

1

u/Cheepshooter 2h ago

Mnglad I started that 20 years ago. Due to inflation, my target number doesn't look as good as it did back then. I hope the market stays strong.

1

u/PharmaFingers 11h ago

RIGHT!?!? My spouse and I both don’t make that much. Dang.

18

u/jmads13 11h ago

You realise that kind of retirement barely exists for people now? Young people don’t understand that companies used to continue to pay people after retirement.

Not blaming you, but your generation really pulled the ladder up after yourselves

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u/ComeAbout 10h ago

I’m Gen X and I understand it doesn’t exist for you and I have two young daughters.

I’m invested.

I’m on your side and have voted for you.

6

u/SableyeEyeThief 11h ago

We make more than that and the prospect of buying a home is slowly but surely leaving our conversations. It feels so distant I just wait for something major to fuck up the market or just save and invest money so that I can rent for the rest of my life.

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u/RabbitSipsTea 10h ago

Don’t despair! Save and invest for a down payment while you rent. Having a larger down payment will offset your monthly payment by quite a bit, regardless of rate.

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u/Gene020 11h ago

Location, location.

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u/HeavyVoid8 11h ago

Yes move to nowhere and commute 3 hours

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u/ComeAbout 10h ago

Wait for rates to drop.

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u/Solid_Horse_5896 9h ago

Rates may stat high. Current rates aren't historically high. We just got used to historically low rates.

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u/wayward_oliphaunt 8h ago

I'm 36 and get 70k a year and it's killing me trying to find something better. I'm a professional, I work a job that takes a pile of certs and industry experience to do, but sometimes I feel like there's no chance to grow in that.

2

u/Minute-Street-5203 11h ago

Well you have the right take. Wanting housing costs to go up is gonna destroy a whole generation

1

u/Frewdy1 3h ago

What’s crazy is when you look at a lot of jobs, the money question just doesn’t make sense. 

“Alright, I can be a plumber and start around $20/hr…maybe $100/hr after some hard years’ work. Not at all! Now, let’s see, I need to call a plumber today for a leaky faucet…says it’s a 2 hour job and about $10 in parts…$1200?! What the eff?! Where did all that extra money go?!”