Nathan's Corner

Quote: Nathan

Today is my EIGHTEENTH ANNIVERSARY of working for Walgreens! 🥳🎇🎆 Wow, a NEWBORN born on the day I got hired is now a legal Adult! 😀 And to think, Walgreens was SUPPOSED to be JUST a STEPPING STONE. I had went to a job fair and they sent me to some sort of textiles place I believe and the textiles place told me I needed experience in order to get hired there. I went to Walgreens as a STEPPING STONE for the textiles place and..... Walgreens hired me and I NEVER looked back and look at me today, 18 year Anniversary working for Walgreens! 🥳🎇🎆
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Quote: MDawg

Wait a minute, Europe is where you go back to some place or some company and see the SAME person working for the SAME company for decades. Or has that changed?
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Quote: avianrandy

Congratulations on 18 years. I am sure you have seen some changes in that time. Do you remember when they quit selling tobacco products? Also,do Walgreens have a lottery vending machine that sells scratch offs and online games like daily 3 etc? Some of the pharmacy around here do.
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Quote: avianrandy

Quote: avianrandy

Congratulations on 18 years. I am sure you have seen some changes in that time. Do you remember when they quit selling tobacco products? Also,do Walgreens have a lottery vending machine that sells scratch offs and online games like daily 3 etc? Some of the pharmacy around here do.
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after talking with a coworker he said Walgreens does still sell tobacco,but you really have to be desperate to buy them he said cigarettes around this area sell for about $15 a pack. I remember CVS quit selling tobacco but he said that happened in 2014. I thought Walgreens did also but I was wrong. I only smoked fro 3 months back in 1985. Cigarette were 85 cents a pack or 7.60 carton. Haven't looked back since
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Quote: Nathan

Thank you to everyone who wished me a happy 18th anniversary of Walgreens employment! 😀
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Quote: billryan

My friend started working full-time at the Grand Union supermarket in 1976. It was a union job with good benefits and a guaranteed raise of at least fifty cents every six months. After 25 years, he was making almost forty dollars an hour to stock shelves overnight. Grand Union got bought by a German company, and he took a lump sum payout in lieu of a monthly pension.
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Quote: Nathan

Quote: billryan

My friend started working full-time at the Grand Union supermarket in 1976. It was a union job with good benefits and a guaranteed raise of at least fifty cents every six months. After 25 years, he was making almost forty dollars an hour to stock shelves overnight. Grand Union got bought by a German company, and he took a lump sum payout in lieu of a monthly pension.
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Speaking of Pensions, a few days ago, I looked up what a Pension was thinking it was like a 401K Retirement Plan and a Pension is better than a 401 K Retirement Plan, a Pension means you get paid for LIFE after you retire. A 401K Retirement Plan is much more limited, you can probably afford like a two year vacation before needing to work again with a 401K Retirement Plan. For instance, I had a Coworker who retired for about two years and had to come back to work after those two years. She is currently about 71! 😱😳😬 With a Pension she would have STILL been retired. 💡
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Quote: billryan

NOTHING is more critical than saving towards your retirement. The first 10-15% of your paycheck should go into a retirement account, and you need to learn how to live on 85% of your take-home.
You won't get by on just your Social Security check, and you have already wasted eighteen years.
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Quote: Nathan Bolding mine

Quote: billryan

NOTHING is more critical than saving towards your retirement. The first 10-15% of your paycheck should go into a retirement account, and you need to learn how to live on 85% of your take-home.
You won't get by on just your Social Security check, and you have already wasted eighteen years.
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I JUST did calculations and if I had saved $50 from every paycheck for Retirement, I would have had about $21,000 for Retirement. 💡

If I start with my next paycheck saving $50 every paycheck and work for say 25 more years, I will have about an extra $28,000 in my Retirement Fund. Miplet has roughly $160,000 in his Retirement Fund and he's only about a year older than me and he implied he is worried about only having roughly $160,000 in his Retirement Fund . I'll admit I screwed up by not saving for my Retirement Fund from my VERY FIRST paycheck. 😵‍💫💡🤔 But I will start SERIOUSLY saving for my Retirement from now on. 💡
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Quote: Nathan Bolding Mine

I expect to retire around 68. ... My 401K has about $7,000 at this moment. I started my 401K a bit late and made a couple of loans from it. Had I started my 401K from the get go and NEVER touched it, I probably would have had about $15,000 in it.💡

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Quote: Nathan

I JUST did calculations and if I had saved $50 from every paycheck for Retirement, I would have had about $21,000 for Retirement. 💡

If I start with my next paycheck saving $50 every paycheck and work for say 25 more years, I will have about an extra $28,000 in my Retirement Fund. Miplet has roughly $160,000 in his Retirement Fund and he's only about a year older than me and he implied he is worried about only having roughly $160,000 in his Retirement Fund . I'll admit I screwed up by not saving for my Retirement Fund from my VERY FIRST paycheck. 😵‍💫💡🤔 But I will start SERIOUSLY saving for my Retirement from now on. 💡
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Quote: Nathan

A 401K Retirement Plan is much more limited, you can probably afford like a two year vacation before needing to work again with a 401K Retirement Plan

Quote: DRich

Quote: Nathan

A 401K Retirement Plan is much more limited, you can probably afford like a two year vacation before needing to work again with a 401K Retirement Plan

I hope you are wrong, and I think you are. I am planning on my 401k will be able to pay me close to $6000 a month for at least 25 years. Of course, I will not live nearly that long.
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Quote: billryan

I don't plan on tapping my IRA until I'm 73 and will empty it in around 15 years. I'm hoping the six years I have left will make enough to cover the taxes on the account.
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Quote: OnceDear

DRich, I'm curious with just a simple question, on the assumption that you are neither exceptionally wealthy nor poor.... Do you keep a close eye on your 401K value, or do you maybe just read the annual statements.

Quote: Nathan

Quote: billryan

NOTHING is more critical than saving towards your retirement. The first 10-15% of your paycheck should go into a retirement account, and you need to learn how to live on 85% of your take-home.
You won't get by on just your Social Security check, and you have already wasted eighteen years.
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I JUST did calculations and if I had saved $50 from every paycheck for Retirement, I would have had about $21,000 for Retirement. 💡

If I start with my next paycheck saving $50 every paycheck and work for say 25 more years, I will have about an extra $28,000 in my Retirement Fund. Miplet has roughly $160,000 in his Retirement Fund and he's only about a year older than me and he implied he is worried about only having roughly $160,000 in his Retirement Fund . I'll admit I screwed up by not saving for my Retirement Fund from my VERY FIRST paycheck. 😵‍💫💡🤔 But I will start SERIOUSLY saving for my Retirement from now on. 💡
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Quote: OnceDear

Quote: Nathan Bolding mine

Quote: billryan

NOTHING is more critical than saving towards your retirement. The first 10-15% of your paycheck should go into a retirement account, and you need to learn how to live on 85% of your take-home.
You won't get by on just your Social Security check, and you have already wasted eighteen years.
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I JUST did calculations and if I had saved $50 from every paycheck for Retirement, I would have had about $21,000 for Retirement. 💡

If I start with my next paycheck saving $50 every paycheck and work for say 25 more years, I will have about an extra $28,000 in my Retirement Fund. Miplet has roughly $160,000 in his Retirement Fund and he's only about a year older than me and he implied he is worried about only having roughly $160,000 in his Retirement Fund . I'll admit I screwed up by not saving for my Retirement Fund from my VERY FIRST paycheck. 😵‍💫💡🤔 But I will start SERIOUSLY saving for my Retirement from now on. 💡
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Nathan
It was 8 months ago that a few of us here expressed concern about the likelihood of you being absolutely stoney broke in your retirement. Broke as in not being able to house and feed yourself.

Quote: Nathan Bolding Mine

I expect to retire around 68. ... My 401K has about $7,000 at this moment. I started my 401K a bit late and made a couple of loans from it. Had I started my 401K from the get go and NEVER touched it, I probably would have had about $15,000 in it.💡

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Maybe you are inline to inherit a fortune, in which case, no problem.

$50 x 25 years x 12 monthly paychecks = an extra $15,000 (in todays money) NOT $28,000. So are you counting employer's match contributions.*

Let's be extremely optimistic and say you get your 401K up to $50,000 by age 68. How long will that KEEP YOU ALIVE?
Don't count on Social Security to be enough.
You need to be putting more like $200-$500 a month away unless you have a good plan B.

All this assumes you can even hold a job down till age 68, Can you? Walgreens won't be laying you off through modernisation programs?

Do you have a good Plan B? Put my mind at rest.


*If you are not at least getting the employer's Max matching, then you are giving free money away every month.


Is there a government web site where you can get a quote of your likely or accrued monthly Social Security benefit. I'm curious how your US system works. Here in the UK, there is a gov web site that we can go to.

Maybe try this https://www.ssa.gov/cgi-bin/benefit6.cgi
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Quote: Nathan

Quote: OnceDear

Quote: Nathan Bolding mine

Quote: billryan

NOTHING is more critical than saving towards your retirement. The first 10-15% of your paycheck should go into a retirement account, and you need to learn how to live on 85% of your take-home.
You won't get by on just your Social Security check, and you have already wasted eighteen years.
link to original post

I JUST did calculations and if I had saved $50 from every paycheck for Retirement, I would have had about $21,000 for Retirement. 💡

If I start with my next paycheck saving $50 every paycheck and work for say 25 more years, I will have about an extra $28,000 in my Retirement Fund. Miplet has roughly $160,000 in his Retirement Fund and he's only about a year older than me and he implied he is worried about only having roughly $160,000 in his Retirement Fund . I'll admit I screwed up by not saving for my Retirement Fund from my VERY FIRST paycheck. 😵‍💫💡🤔 But I will start SERIOUSLY saving for my Retirement from now on. 💡
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Nathan
It was 8 months ago that a few of us here expressed concern about the likelihood of you being absolutely stoney broke in your retirement. Broke as in not being able to house and feed yourself.

Quote: Nathan Bolding Mine

I expect to retire around 68. ... My 401K has about $7,000 at this moment. I started my 401K a bit late and made a couple of loans from it. Had I started my 401K from the get go and NEVER touched it, I probably would have had about $15,000 in it.💡

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Maybe you are inline to inherit a fortune, in which case, no problem.

$50 x 25 years x 12 monthly paychecks = an extra $15,000 (in todays money) NOT $28,000. So are you counting employer's match contributions.*

Let's be extremely optimistic and say you get your 401K up to $50,000 by age 68. How long will that KEEP YOU ALIVE?
Don't count on Social Security to be enough.
You need to be putting more like $200-$500 a month away unless you have a good plan B.

All this assumes you can even hold a job down till age 68, Can you? Walgreens won't be laying you off through modernisation programs?

Do you have a good Plan B? Put my mind at rest.


*If you are not at least getting the employer's Max matching, then you are giving free money away every month.


Is there a government web site where you can get a quote of your likely or accrued monthly Social Security benefit. I'm curious how your US system works. Here in the UK, there is a gov web site that we can go to.

Maybe try this https://www.ssa.gov/cgi-bin/benefit6.cgi
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I get paid twice a month. So $50 each paycheck is $100 a month. At the end of the year I will have $1,200. After 25 years, I will have an extra $30,000. 💡

But I at first had calculated what I would have had if I had started from my VERY FIRST paycheck at $50 every paycheck for 18 years. I already have about $7,000 in my Retirement Fund now. And $100×(Remember I get paid twice a month or $50×2 ) is $1,200 a year and × 18 years is roughly $21,000 + $7000 is $28,000 I would have had today if I had done this every single paycheck for 18 years. 💡
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Quote: billryan

Quote: Nathan

I JUST did calculations and if I had saved $50 from every paycheck for Retirement, I would have had about $21,000 for Retirement. 💡
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You aren't factoring in compounding. I'll use round numbers to make it simpler.
You deposit $50 and are earning 10% interest . After a year, you have $55. The next year you get 10% interest on $55 and have $60.50.
Your deposits will make interest, and that interest will get interest. That's why it is vital to get the money in early- so it earns incom e and that income compounds. You still have 30 years to catch up.
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Quote: OnceDear

Quote: billryan

Quote: Nathan

I JUST did calculations and if I had saved $50 from every paycheck for Retirement, I would have had about $21,000 for Retirement. 💡
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You aren't factoring in compounding. I'll use round numbers to make it simpler.
You deposit $50 and are earning 10% interest . After a year, you have $55. The next year you get 10% interest on $55 and have $60.50.
Your deposits will make interest, and that interest will get interest. That's why it is vital to get the money in early- so it earns incom e and that income compounds. You still have 30 years to catch up.
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In my estimations, i considered investment returns, dividends and growth would keep up with and cancel out the effect of inflation which also compounds.
E.g. If Nathan needs 10,000 per year today, then she might need 23,000 per year after 28 years of 3% inflation ( or 39,000 after 5% inflation). If her investment return was also 3%(or 5%) AND she increased her contributions at 3% a year as her salary goes up, then all these things cancel out and we can just use 'today values' for everything. I acknowledge that investment returns could be way in excess of inflation, but it's far from guaranteed that they would even keep up.

As years pass, reality will assert itself and Nathan has already spent 18 years to build up just over a very real $7000, which no doubt buys less groceries than it would have 18 years ago.
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Quote: billryan

Quote: Nathan

I JUST did calculations and if I had saved $50 from every paycheck for Retirement, I would have had about $21,000 for Retirement. 💡
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There is no point in harping on the past. She is starting from a bad place, but she still has twenty-plus years to make up for it. $100 a paycheck for twenty years will get you around $65,000, which can be used to buy an annuity that will pay you a few hundred a month. That and your social security will be enough, as long as you don't eat very often and have a lot of friends who allow you to couch surf.
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Quote: OnceDear

Is my $2,000 estimate correct for a Walgreens salary for 35 years?

Quote: avianrandy

Just noticed on TV Burger King has a 2/5 and 3/7 deal. Maybe you can get a couple chicken sandwich for Easter tomorrow...I know in the past you have mentioned you like Burger King
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Quote: billryan

$2,000 sounds right if she waited until her full retirement age, but the trend is to take it much earlier. The majority of my friends are taking it at 62.
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Quote: Nathan

I'll confess, I thought that the Bingo loophole would KEEP being a lucrative hustle for me, I was winning at least $300 every Bingo day so I REALLY didn't take my finances all that seriously, hey, just keep winning at least $300 for about 10 times in the year, that gravy train will keep rolling for YEARS and I got caught and banned and the gravy train is stalled for a year and it could be a permanent stop if the Casino ban is just for a year whereas the Bingo ban is permanent. The letter just states that it's a Casino ban for a year. For all I know, I'll be allowed back into JUST the Casino after a year and not the Bingo games. Now that the Bingo train has stopped for at least a year, I am going to be taking my finances VERY seriously. 💡
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Quote: Nathan

...One of them just recently well let's just say called me an animal who hangs out on a porch...

Quote: AutomaticMonkey

Quote: Nathan

...One of them just recently well let's just say called me an animal who hangs out on a porch...

They called you a... monkey?

I haven't seen anything like that here, but I might just be overlooking it. When you spend your time in casinos you have to be prepared to peacefully coexist with all kinds of people (including the you-know-whats!) and not easily offended or upset. If someone's race is going to disorient them I can't imagine them being very successful in that environment.

And at the same time, anyone who publicly posts information about another player (physical appearance, where they play, anything that could help a casino identify them on the floor)) I consider to be edgeplaying at being a snitch and I will treat them accordingly.
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Quote: Nathan

Quote: AutomaticMonkey

Quote: Nathan

...One of them just recently well let's just say called me an animal who hangs out on a porch...

They called you a... monkey?

I haven't seen anything like that here, but I might just be overlooking it. When you spend your time in casinos you have to be prepared to peacefully coexist with all kinds of people (including the you-know-whats!) and not easily offended or upset. If someone's race is going to disorient them I can't imagine them being very successful in that environment.

And at the same time, anyone who publicly posts information about another player (physical appearance, where they play, anything that could help a casino identify them on the floor)) I consider to be edgeplaying at being a snitch and I will treat them accordingly.
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I had someone on that other Website take my picture while I was in a Casino minding my own business and put my picture on that Website for everybody to see without my permission, acknowledgement, or knowledge. 😵‍💫 This Poster also inadvertently photographed two bystanders who were playing near me, those random people had NOTHING to do with me and THEIR pictures were put on that Website without their permission, knowledge, and consent too! 😱😳
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Quote: MDawg

There are some former and even current WOV members who toss about the n word relentlessly Nathan is quiet right about those goings on.
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Quote: Nathan

I know we are not supposed to bring up drama from other Websites on here, but I feel this should be an exception as they are making racist posts about me and my Mother based on what I write here and I am sick of it. 😫 I will FULLY accept a suspension for bringing up drama from another Website and putting it here, that's how fed up with this whole thing I am. 😫
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Quote: OnceDear

Quote: Nathan

I know we are not supposed to bring up drama from other Websites on here, but I feel this should be an exception as they are making racist posts about me and my Mother based on what I write here and I am sick of it. 😫 I will FULLY accept a suspension for bringing up drama from another Website and putting it here, that's how fed up with this whole thing I am. 😫
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You have no reason or excuse for this post. If you don't like the posts there, complain there.
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Quote: MDawg

Quote: OnceDear

Quote: Nathan

I know we are not supposed to bring up drama from other Websites on here, but I feel this should be an exception as they are making racist posts about me and my Mother based on what I write here and I am sick of it. 😫 I will FULLY accept a suspension for bringing up drama from another Website and putting it here, that's how fed up with this whole thing I am. 😫
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You have no reason or excuse for this post. If you don't like the posts there, complain there.
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In my case I was referring as well to the occasional posts you see in THIS and other WOV threads by banned member(s) that remain up until deleted.

So this is not entirely a topic that concerns an outside forum.

But I would agree - enough said for now, the mods are doing a good job scrubbing those posts as quickly as possible.
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