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After 12 years at Google I have a couple million$ in my account so I afford to not give a fuck.

by jowdones 2y ago

brcmthrowaway 2y ago
This is the real takeaway... not the soap opera-esque blathering coming from folks 10+ years at Google
tinyhouse 2y ago
Or maybe he cares about his former employer and he's willing to share useful feedback.
testfoobar 2y ago
I would love to see these kind of "I'm leaving [AMZN|AAPL|GOOG|META|MSFT|NFLX|NVDA...]" posts all include a net worth. A post that says I'm leaving with $700K would hit different than I'm leaving with $30M.
- PartiallyTyped 2y ago
  I am leaving with 30k.
bachmeier 2y ago
His homepage is here: https://rws.xoba.com/ https://rws.xoba.com/ He's probably about 65, so I'd hope he has at least a couple million in his retirement account no matter where he's worked, much less Google.
- 01HNNWZ0MV43FF 2y ago
  Okay 12 years at 65 and at 35 are also quite different
seanmcdirmid 2y ago
A couple of million dollars really isn't a lot of money these days.
- bachmeier 2y ago
  It actually is a lot for the average worker. If you're in the US and you've been paying full Social Security, and on top of that you have two million in the bank and you've paid off your mortgage, you can easily plan for a $120,000/year income. Just picking a state at random, that would be nearly twice the median household income in North Carolina, and you wouldn't be paying a mortgage or rent. You wouldn't be rich, but you'd be living quite well.
  - seanmcdirmid 2y ago
    2 million to retire isn’t going to do it even for an average worker. That’s not enough, I don’t think any sane retirement plans say it’s enough in the USA (maybe if you move to Central America or Southeast Asia?). It is nowhere close to FU money in tech, if you don’t adjust your lifestyle by a lot it’s only going to last a few years, and that’s not even talking about covering your own healthcare premiums if you aren’t old enough for Medicare yet. People underestimate the costs of life in the USA and use median incomes as evidence, but that really just means it’s harder for those making median to get by, it’s tough out there these days.
    - thunky 2y ago
      > That’s not enough 2 million at a conservative 3.5% withdrawal rate pays for 70k expenses a year. Not counting social security. With no mortgage and no rent in a lcol area that's probably enough. Odds are the 2 million grows rather than shrinks.
      - BillSaysThis 2y ago
        You're not counting income tax which, unless it's coming from a 401k, is a meaningful amount.
        Thorrez 2y ago
        If you're withdrawing from a traditional (pre-tax) 401k or traditional IRA, you have to pay income tax on it. If you're withdrawing from a roth 401k or roth IRA, you don't have to pay any tax on it. If you're withdrawing from a taxable stock market account, you have to pay capital gains tax on the gains. If you're withdrawing from a bank account, you don't have to pay any tax on it (you pay tax on the interest as you get interest). In the worst case scenario (traditional), $70k of withdrawals would be taxed the same as $70k of income. So this would be enough savings for someone who was making $70k before retirement. Probably actually better, because the person wouldn't have to save some of the withdrawals for retirement, and would get social security.
ergocoder 2y ago
Try at least $10m USD. It is cute you think a couple millions dollar is a lot. My friend worked at palantir as a senior eng for 4 years and already earned that. This guy is a senior staff engineers at Google for 12 years. Easily earning >$1m per year.
- deleted 2y ago
  [deleted]
- LM358 2y ago
  >It is cute you think a couple millions dollar is a lot. And utterly disgusting to see how far removed from reality some people here are. A million dollars is life changing money for the vast majority of the population, and well beyond what most engineers earn.
  - johnisgood 2y ago
    It truly is. I am not sure how one can be so detached from reality. To many people one million a year is a LOT. In the US many jobs pay 16 USD per hour or less, and you may not even work every day of the week. Let us assume that you earn 16 USD per hour and you work 8 hours a day for 5 days a week, you would earn 33280 USD per year before taxes and deducations. Nowhere near a damn million.
    - Thorrez 2y ago
      I agree with what you're saying, but I think there's been a misunderstanding. The people in the thread who are saying a million or a couple million isn't a lot are talking about dollars of total savings. You're talking about dollars of yearly earnings. Those are very different things.
      - johnisgood 2y ago
        Perhaps, but I think a million USD in total savings is a lot of money, too, and I do not think the majority has that amount in total savings. Are there any statistics on this?

After 12 years at Google I have a couple million$ in my account so I afford to not give a fuck.

brcmthrowaway 2y ago

This is the real takeaway... not the soap opera-esque blathering coming from folks 10+ years at Google

tinyhouse 2y ago

Or maybe he cares about his former employer and he's willing to share useful feedback.

testfoobar 2y ago

PartiallyTyped 2y ago
I am leaving with 30k.

bachmeier 2y ago

His homepage is here: https://rws.xoba.com/ https://rws.xoba.com/ He's probably about 65, so I'd hope he has at least a couple million in his retirement account no matter where he's worked, much less Google.

01HNNWZ0MV43FF 2y ago
Okay 12 years at 65 and at 35 are also quite different

seanmcdirmid 2y ago

A couple of million dollars really isn't a lot of money these days.

bachmeier 2y ago
It actually is a lot for the average worker. If you're in the US and you've been paying full Social Security, and on top of that you have two million in the bank and you've paid off your mortgage, you can easily plan for a $120,000/year income. Just picking a state at random, that would be nearly twice the median household income in North Carolina, and you wouldn't be paying a mortgage or rent. You wouldn't be rich, but you'd be living quite well.
- seanmcdirmid 2y ago
  2 million to retire isn’t going to do it even for an average worker. That’s not enough, I don’t think any sane retirement plans say it’s enough in the USA (maybe if you move to Central America or Southeast Asia?). It is nowhere close to FU money in tech, if you don’t adjust your lifestyle by a lot it’s only going to last a few years, and that’s not even talking about covering your own healthcare premiums if you aren’t old enough for Medicare yet. People underestimate the costs of life in the USA and use median incomes as evidence, but that really just means it’s harder for those making median to get by, it’s tough out there these days.
  - thunky 2y ago
    > That’s not enough 2 million at a conservative 3.5% withdrawal rate pays for 70k expenses a year. Not counting social security. With no mortgage and no rent in a lcol area that's probably enough. Odds are the 2 million grows rather than shrinks.
    - BillSaysThis 2y ago
      You're not counting income tax which, unless it's coming from a 401k, is a meaningful amount.
      - Thorrez 2y ago
        If you're withdrawing from a traditional (pre-tax) 401k or traditional IRA, you have to pay income tax on it. If you're withdrawing from a roth 401k or roth IRA, you don't have to pay any tax on it. If you're withdrawing from a taxable stock market account, you have to pay capital gains tax on the gains. If you're withdrawing from a bank account, you don't have to pay any tax on it (you pay tax on the interest as you get interest). In the worst case scenario (traditional), $70k of withdrawals would be taxed the same as $70k of income. So this would be enough savings for someone who was making $70k before retirement. Probably actually better, because the person wouldn't have to save some of the withdrawals for retirement, and would get social security.

ergocoder 2y ago

Try at least $10m USD. It is cute you think a couple millions dollar is a lot. My friend worked at palantir as a senior eng for 4 years and already earned that. This guy is a senior staff engineers at Google for 12 years. Easily earning >$1m per year.

deleted 2y ago
[deleted]
LM358 2y ago
>It is cute you think a couple millions dollar is a lot. And utterly disgusting to see how far removed from reality some people here are. A million dollars is life changing money for the vast majority of the population, and well beyond what most engineers earn.
- johnisgood 2y ago
  It truly is. I am not sure how one can be so detached from reality. To many people one million a year is a LOT. In the US many jobs pay 16 USD per hour or less, and you may not even work every day of the week. Let us assume that you earn 16 USD per hour and you work 8 hours a day for 5 days a week, you would earn 33280 USD per year before taxes and deducations. Nowhere near a damn million.
  - Thorrez 2y ago
    I agree with what you're saying, but I think there's been a misunderstanding. The people in the thread who are saying a million or a couple million isn't a lot are talking about dollars of total savings. You're talking about dollars of yearly earnings. Those are very different things.
    - johnisgood 2y ago
      Perhaps, but I think a million USD in total savings is a lot of money, too, and I do not think the majority has that amount in total savings. Are there any statistics on this?