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Here's what I've been reading, watching, and listening to:
Exceptional. Rest in peace, Charlie.
Good read on calculating your liquid net worth (vs total) with some median benchmarks by age range
Speed cameras reduced accidents resulting in injury or death by an average of 30% in Portland, Seattle, San Francisco, and Chicago.
No, it’s a perpetual illusion. Great listen.
Therefore, we can infer that investing during wartime is mostly an exercise in investing during periods of high inflation. And the best assets to own during periods of high inflation are overwhelming stocks and real estate.
Fantastic conversation with Adobe, Dropbox, and Etsy engineering leader
“Limits are completely made-up and all in our heads.”
While the generation born in the 1980s and 1990s has lagged behind prior generations when it comes to homeownership and earnings, new data suggests they are saving more for retirement. By the time older millennials now earning a median salary reach retirement, Vanguard estimates, they will be able to replace almost 60% of their preretirement income with Social Security and savings from sources including their 401(k)s and individual retirement accounts.
Gen Xers and the youngest baby boomers with median earnings are, by contrast, likely to replace about half of their paychecks in retirement.
What changed? Millennials are saving more and earlier largely because contributing to a 401(k) became the default in many plans. Unlike baby boomer and Gen X workers, many of whom delayed joining 401(k) plans, millennials were often automatically enrolled earlier in their careers. While those who are swept into plans can opt out if they don’t want to save for retirement, few do.
Boom! This is great news.