Author Topic: Overheard at Work  (Read 4746785 times)

mm1970

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Re: Overheard at Work
« Reply #11300 on: November 06, 2015, 01:34:08 PM »
OMG! What are you people doing to guacamole?! What in the actual fuck is a guacamole seasoning packet?!

Avocados. Tomatoes. Lime juice. Salt. Jalapenos. Onion. Garlic. A freaking pinch of stupid cilantro, if you must, but it is super unnecessary because most people think they become Bobby Flay by dumping cilantro onto anything, and then say, "Look, we're having Mexican food!" Bah!

Okay, I'm done.

:)

solon

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Re: Overheard at Work
« Reply #11301 on: November 06, 2015, 02:17:40 PM »
TIL: There are many different ways to make guacamole.

cavewoman

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Re: Overheard at Work
« Reply #11302 on: November 07, 2015, 09:35:12 AM »
I work an entry level social services job. My co-worker, who makes under 30,000/year, bought a new charger about 6 weeks ago. I'm not sure what year but definitely at least a 2013. She immediately starts complaining about how she doesn't like it and wants a different car.  This week I spotted her Acura key ring. Yep. Traded it in and rolled it into a new loan.

lbmustache

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Re: Overheard at Work
« Reply #11303 on: November 07, 2015, 10:09:33 AM »
I work an entry level social services job. My co-worker, who makes under 30,000/year, bought a new charger about 6 weeks ago. I'm not sure what year but definitely at least a 2013. She immediately starts complaining about how she doesn't like it and wants a different car.  This week I spotted her Acura key ring. Yep. Traded it in and rolled it into a new loan.

I see people who do this all the time and it blows my mind!

frugledoc

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Re: Overheard at Work
« Reply #11304 on: November 07, 2015, 02:31:29 PM »
I work an entry level social services job. My co-worker, who makes under 30,000/year, bought a new charger about 6 weeks ago. I'm not sure what year but definitely at least a 2013. She immediately starts complaining about how she doesn't like it and wants a different car.  This week I spotted her Acura key ring. Yep. Traded it in and rolled it into a new loan.

Is it likely she bought these cars with her own money?  Doesn't sound like she earns enough.

medinaj2160

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Re: Overheard at Work
« Reply #11305 on: November 07, 2015, 06:58:35 PM »
Well my coworker bought a 2007 corvette then sold it becuase he has family of 5 and he needs a back seat :/, he probably only had the vette for about 2 months. Than he bough an 2013 Acura ILX which I really liked i though it was better for him and his family. Then two weeks later he shows up in a 2011 camaro ss :0...... He said that the ILX wasn't manly enough. I think he has issues or something.

He is about 35 and he had no 401k I suggested that he should start investing and he did but later he wanted to buy a house so he pull the money from his 401k (it had to be less than 2k) for the house down payment....

Suncoast

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Re: Overheard at Work
« Reply #11306 on: November 08, 2015, 05:02:01 AM »
Well my coworker bought a 2007 corvette then sold it becuase he has family of 5 and he needs a back seat :/, he probably only had the vette for about 2 months. Than he bough an 2013 Acura ILX which I really liked i though it was better for him and his family. Then two weeks later he shows up in a 2011 camaro ss :0...... He said that the ILX wasn't manly enough. I think he has issues or something.

He is about 35 and he had no 401k I suggested that he should start investing and he did but later he wanted to buy a house so he pull the money from his 401k (it had to be less than 2k) for the house down payment....

I can't imagine going through the headache of the car purchase process 3 times in the span of a few months...even if I was paying cash.  Of course, I suspect your co-worker was not paying cash.

cavewoman

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Re: Overheard at Work
« Reply #11307 on: November 08, 2015, 06:30:09 PM »
I work an entry level social services job. My co-worker, who makes under 30,000/year, bought a new charger about 6 weeks ago. I'm not sure what year but definitely at least a 2013. She immediately starts complaining about how she doesn't like it and wants a different car.  This week I spotted her Acura key ring. Yep. Traded it in and rolled it into a new loan.

Is it likely she bought these cars with her own money?  Doesn't sound like she earns enough.

I kept my mouth shut because I wouldn't be able to get more info without my opinion showing. . . who knows, I wondered about parental help, or maybe her boyfriend is helping her. There are also plenty of shady car places that love to finance around here. She's a bit of a train wreck to watch lately, she's been talking all week about wanting to have a baby with said boyfriend, who she's been with since about July. She already has a three year old. She sits near me and I can hear her all day.

I mean I know I can't afford a new car on our salary. But people are strange.

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Re: Overheard at Work
« Reply #11308 on: November 08, 2015, 09:21:26 PM »
A co-worker who messed up his credit score a few years ago got out of debt which is  great. 

The other day, he was talking about the best ways to increase credit score...so he could get the best interest rate on a new car loan.

I was a bit surprised at how fast that person was willing to go back in debts.


infogoon

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Re: Overheard at Work
« Reply #11309 on: November 09, 2015, 07:48:15 AM »
Our health insurance at work is moving from "everyone has the same plan" to "select your plan from a corporate exchange".

It's amazing how many people can spend hours memorizing obscure stats and relationships for fantasy football, but can't spend twenty minutes figuring out the difference between the Bronze and Gold plans.

runningthroughFIRE

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Re: Overheard at Work
« Reply #11310 on: November 09, 2015, 07:58:52 AM »
I work an entry level social services job. My co-worker, who makes under 30,000/year, bought a new charger about 6 weeks ago. I'm not sure what year but definitely at least a 2013. She immediately starts complaining about how she doesn't like it and wants a different car.  This week I spotted her Acura key ring. Yep. Traded it in and rolled it into a new loan.

Is it likely she bought these cars with her own money?  Doesn't sound like she earns enough.

I kept my mouth shut because I wouldn't be able to get more info without my opinion showing. . . who knows, I wondered about parental help, or maybe her boyfriend is helping her. There are also plenty of shady car places that love to finance around here. She's a bit of a train wreck to watch lately, she's been talking all week about wanting to have a baby with said boyfriend, who she's been with since about July. She already has a three year old. She sits near me and I can hear her all day.

I mean I know I can't afford a new car on our salary. But people are strange.
She's been dating this man for less than half a year, and already wants him to plant a small human in her?  Strange is not the word I would have chosen.

zephyr911

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Re: Overheard at Work
« Reply #11311 on: November 09, 2015, 10:26:13 AM »
Well my coworker bought a 2007 corvette then sold it becuase he has family of 5 and he needs a back seat :/, he probably only had the vette for about 2 months. Than he bough an 2013 Acura ILX which I really liked i though it was better for him and his family. Then two weeks later he shows up in a 2011 camaro ss :0...... He said that the ILX wasn't manly enough. I think he has issues or something.

He is about 35 and he had no 401k I suggested that he should start investing and he did but later he wanted to buy a house so he pull the money from his 401k (it had to be less than 2k) for the house down payment....
I have a few friends who do this kind of dumb shit. The fundamentally incomprehensible thing is justifying the undoing of Decision A via new Decision B, based on Factor X that predates Decision A. How can someone be so totally oblivious to their own desires or basic conditions in their lives?
I am not a cog. I am an organizational lubricant.

Apples

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Re: Overheard at Work
« Reply #11312 on: November 09, 2015, 10:35:49 AM »
I work an entry level social services job. My co-worker, who makes under 30,000/year, bought a new charger about 6 weeks ago. I'm not sure what year but definitely at least a 2013. She immediately starts complaining about how she doesn't like it and wants a different car.  This week I spotted her Acura key ring. Yep. Traded it in and rolled it into a new loan.

I read this and thought "charger" was like a charger for your phone.  I then wondered how you could tell the year of a phone/laptop charger, and what was particularly flashy and unnecessary about it.  Then I read car and was like ohhhhhh!  I had to go back and reread from the beginning now picturing a car.  Can you tell I'm not a car person?  Hope I wasn't the only person out there who does this sort of thing...

Arktinkerer

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Re: Overheard at Work
« Reply #11313 on: November 09, 2015, 10:37:09 AM »
I just fished a dozen bagels out of the trash and got caught doing it...

In all fairness they were fresh this morning, management brought in 3 dozen for a meeting in the office, meetings over and they came out after I'm done eating lunch and chucked the leftover box of a dozen plus the cream cheese, into the trash can.  It's a dozen perfectly good, not stale bagels that can go in my freezer.  They walked out, I assumed to go to lunch so I went in the kitchen and fished the box out, just as one of the VPs walked in.  I looked at him...he looked at me and all I could get out was a fairly high pitched "What?  I'm not letting perfectly good food go in a dumpster"  He gave me a weird look and just shrugged.  I think I have upped my already fairly high office weirdo rating a wee bit more.

For future reference, next time say you like going to the park to feed the ducks.

That would be perfect except there is no park with water, or any water in general outside of retention ponds, for a good 45 minute drive from my office.

All the more reason to say it!!!!

Arktinkerer

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Re: Overheard at Work
« Reply #11314 on: November 09, 2015, 10:41:58 AM »


At my workplace, meeting leftovers get put on a table in the common area, and cause a feeding frenzy. People call to each other or send email, "Pastries in the commons", "Mexican food out", "Donuts!", and the stuff is usually gone pretty fast. But I'll snatch up condiments left behind, those containers of cream cheese are the best! I have a large one from Panera in my fridge right now.

I use to love it when they would have BBQ.  The local places would provide 3-4 quart size containers of different sauces.  I'd consolidate them at the end of the day and eventually use them to do slow cooker BBQ at home. 

zephyr911

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Re: Overheard at Work
« Reply #11315 on: November 09, 2015, 10:43:01 AM »
I've listened to an entire morning's worth of conversations about how awesome this CW's new truck is. He traded an F150 worth $25K for a new F250 to pull an RV (also just purchased). He and his wife both drive 20+ miles to work here in the same building.
Separately, because they need time apart.
She drives a van.
I am not a cog. I am an organizational lubricant.

4alpacas

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Re: Overheard at Work
« Reply #11316 on: November 09, 2015, 11:02:44 AM »
I've listened to an entire morning's worth of conversations about how awesome this CW's new truck is. He traded an F150 worth $25K for a new F250 to pull an RV (also just purchased). He and his wife both drive 20+ miles to work here in the same building.
Separately, because they need time apart.
She drives a van.
If someone sat in the backseat of the van, they could still have time apart. 

PARedbeard

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Re: Overheard at Work
« Reply #11317 on: November 09, 2015, 11:18:12 AM »
It is probable that they go home anyway and just get on their individual laptops/tablets... No exactly quality time...

Wilson Hall

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Re: Overheard at Work
« Reply #11318 on: November 09, 2015, 11:41:26 AM »
I work an entry level social services job. My co-worker, who makes under 30,000/year, bought a new charger about 6 weeks ago. I'm not sure what year but definitely at least a 2013. She immediately starts complaining about how she doesn't like it and wants a different car.  This week I spotted her Acura key ring. Yep. Traded it in and rolled it into a new loan.

I read this and thought "charger" was like a charger for your phone.  I then wondered how you could tell the year of a phone/laptop charger, and what was particularly flashy and unnecessary about it.  Then I read car and was like ohhhhhh!  I had to go back and reread from the beginning now picturing a car.  Can you tell I'm not a car person?  Hope I wasn't the only person out there who does this sort of thing...

Apples, this is hilarious! I was thinking the exact same thing.

merula

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Re: Overheard at Work
« Reply #11319 on: November 09, 2015, 03:20:58 PM »
I work an entry level social services job. My co-worker, who makes under 30,000/year, bought a new charger about 6 weeks ago. I'm not sure what year but definitely at least a 2013. She immediately starts complaining about how she doesn't like it and wants a different car.  This week I spotted her Acura key ring. Yep. Traded it in and rolled it into a new loan.

I read this and thought "charger" was like a charger for your phone.  I then wondered how you could tell the year of a phone/laptop charger, and what was particularly flashy and unnecessary about it.  Then I read car and was like ohhhhhh!  I had to go back and reread from the beginning now picturing a car.  Can you tell I'm not a car person?  Hope I wasn't the only person out there who does this sort of thing...

Apples, this is hilarious! I was thinking the exact same thing.

I was feeling dumb for thinking it was a phone charger at first, but now I feel smart for realizing it at "year" rather than "car". Thanks Apples and Wilson Hall! :P

gimp

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Re: Overheard at Work
« Reply #11320 on: November 09, 2015, 06:13:30 PM »
On the plus side, someone got a good deal by buying a 99% brand new [charger, vette, acura, etc that was mentioned] for 85% (or less) of the sticker price.

Cromacster

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Re: Overheard at Work
« Reply #11321 on: November 10, 2015, 09:59:01 AM »
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.
Mustachians are not the sort of people who sit around moaning about how the government is keeping them down.  We’re the people who look at what we got, figure out what we don’t like, and fix it.
~Mr. Frugal Toque

zephyr911

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Re: Overheard at Work
« Reply #11322 on: November 10, 2015, 10:00:16 AM »
On the plus side, someone got a good deal by buying a 99% brand new [charger, vette, acura, etc that was mentioned] for 85% (or less) of the sticker price.
Eh... that's probably all it's worth.
It's still depreciating at near-maximum rate.
I am not a cog. I am an organizational lubricant.

Gondolin

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Re: Overheard at Work
« Reply #11323 on: November 10, 2015, 01:04:17 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
"There cannot be two skies"

runningthroughFIRE

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Re: Overheard at Work
« Reply #11324 on: November 10, 2015, 01:09:05 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

JLee

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Re: Overheard at Work
« Reply #11325 on: November 10, 2015, 01:16:00 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor
That's a bit of a stretch.  :P

slugline

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Re: Overheard at Work
« Reply #11326 on: November 10, 2015, 01:34:26 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

RWD

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Re: Overheard at Work
« Reply #11327 on: November 10, 2015, 01:54:08 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

Employee contributes 10% of his salary and employer contributes 1800%!

mustachepungoeshere

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Re: Overheard at Work
« Reply #11328 on: November 10, 2015, 06:27:17 PM »
A new colleague started today.

It was in the news last night that Australians working overseas will now be required to pay off their HECS (federal student loan debt).

We were chatting about it, I said my husband and I are working to voluntary pay off our HECS by next April (we graduated in 2007 but didn't earn enough to meet the repayment threshold until early 2013).

My colleague, whose eldest child is 16 and two years away from uni herself, still hasn't repaid her HECS.

steviesterno

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Re: Overheard at Work
« Reply #11329 on: November 11, 2015, 05:44:19 AM »
I had to rag co workers across the street to sign up for our 403b. If we chip in 1%, our employer gives us 6% of our salary as a match! They are basically turning away a 6% raise for free but turning in the one single sheet of paper they need to start getting it. Crazy

MudDuck

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Re: Overheard at Work
« Reply #11330 on: November 11, 2015, 07:10:56 AM »
I cheat, I mix avocado with salsa.  Done, guacamole.

Me, too... the green kind they have at Trader Joe's is really lime-y and it keeps it from browning.

DrowsyBee

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Re: Overheard at Work
« Reply #11331 on: November 11, 2015, 03:07:30 PM »
A new colleague started today.

It was in the news last night that Australians working overseas will now be required to pay off their HECS (federal student loan debt).

We were chatting about it, I said my husband and I are working to voluntary pay off our HECS by next April (we graduated in 2007 but didn't earn enough to meet the repayment threshold until early 2013).

My colleague, whose eldest child is 16 and two years away from uni herself, still hasn't repaid her HECS.

Good on you for getting rid of your HECS. However, I have HECS and I'm not paying it off any sooner than I need to, as I'm investing instead. I always have the money sitting in an account to pay it immediately if interest is added, but at the moment I'm just investing instead.

That being said, I can imagine your co-worker is not investing or anything like that, either!

Jack

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Re: Overheard at Work
« Reply #11332 on: November 11, 2015, 06:05:56 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

Employee contributes 10% of his salary and employer contributes 1800%!

I firmly believe employers should ditch the percentage match thing and just put in a flat $35,000 (lowering nominal salary accordingly).

Seppia

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Re: Overheard at Work
« Reply #11333 on: November 11, 2015, 08:24:41 PM »
Coworker is getting married.
She is from Europe, he is from here in NYC, where they both live.
They're getting married in Europe, but some 4000 miles away from where she's from for some inexplicable reason.
Honey moon? South Africa obviously.

Sam E

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Re: Overheard at Work
« Reply #11334 on: November 12, 2015, 05:13:26 AM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

Employee contributes 10% of his salary and employer contributes 1800%!

I firmly believe employers should ditch the percentage match thing and just put in a flat $35,000 (lowering nominal salary accordingly).

I'm all for Mustachianism, but I'm not sure I could live on $2k per year. :P

infogoon

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Re: Overheard at Work
« Reply #11335 on: November 12, 2015, 06:45:22 AM »
One of my coworkers just retired at 52.

"Can you even imagine having enough money to just stop working? I mean, he's my age!" says another coworker with a Lexus, a thirty mile commute, and a summer cottage.

Cromacster

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Re: Overheard at Work
« Reply #11336 on: November 12, 2015, 06:48:42 AM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Lol, these are both good ideas.  I would consider it if it was someone I knew.  But, as it's megacorp, I have no idea who he is or what he does.
Mustachians are not the sort of people who sit around moaning about how the government is keeping them down.  We’re the people who look at what we got, figure out what we don’t like, and fix it.
~Mr. Frugal Toque

Ceridwen

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Re: Overheard at Work
« Reply #11337 on: November 12, 2015, 07:32:06 AM »
I've listened to an entire morning's worth of conversations about how awesome this CW's new truck is. He traded an F150 worth $25K for a new F250 to pull an RV (also just purchased). He and his wife both drive 20+ miles to work here in the same building.
Separately, because they need time apart.
She drives a van.

That astounds me! OMG.

cerat0n1a

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Re: Overheard at Work
« Reply #11338 on: November 12, 2015, 08:12:31 AM »
I've listened to an entire morning's worth of conversations about how awesome this CW's new truck is. He traded an F150 worth $25K for a new F250 to pull an RV (also just purchased). He and his wife both drive 20+ miles to work here in the same building.
Separately, because they need time apart.
She drives a van.

That astounds me! OMG.

Married couple, friends of mine and former work colleagues, used to commute separately by car ~35 miles each way to work here. Same company, same office, different department, so they didn't see each other during the day anyway. That's anywhere between 45 and 90 minutes drive, depending on traffic. They grew vegetables on their allotment, though, because it would save money and be good for the environment.

RWD

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Re: Overheard at Work
« Reply #11339 on: November 12, 2015, 08:15:48 AM »
I've listened to an entire morning's worth of conversations about how awesome this CW's new truck is. He traded an F150 worth $25K for a new F250 to pull an RV (also just purchased). He and his wife both drive 20+ miles to work here in the same building.
Separately, because they need time apart.
She drives a van.

That astounds me! OMG.

After a quick search on Autotrader I'm going to guess that the F150 was a 2012 XLT Supercab. That has a towing capacity of 11,300 pounds! The F250 with 6.2L engine has a towing capacity of about 12,500 which doesn't seem like much of an improvement to me, so they probably opted for the 6.7L diesel which has a towing capacity of 13,700 to 16,300 pounds. The new truck probably costs around $40k+, depending on how it's configured. I'll assume their new RV trailer must be more than 12,000 lb and is at least a 2015 model. Looking at RV Trader these seem to run $30k+ and $40k+ looks more common.

The 2012 F150 with 6.2L engine gets a combined 14 mpg, and I think it's safe to say the F250 and van would be worse (they often don't publish these numbers). That works out to about $13 per day in fuel (assuming 80 miles of driving)...

Wow. I think these decisions alone will easily cost them $100k+ over the next decade (assuming they don't buy any new vehicles in that time frame). And that's before they've even used the RV. I also haven't even touched on maintenance and insurance costs either...

runningthroughFIRE

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Re: Overheard at Work
« Reply #11340 on: November 12, 2015, 08:47:13 AM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

Employee contributes 10% of his salary and employer contributes 1800%!

I firmly believe employers should ditch the percentage match thing and just put in a flat $35,000 (lowering nominal salary accordingly).

I'm all for Mustachianism, but I'm not sure I could live on $2k per year. :P
It really doesn't make any sense that companies don't have that as an option, though.  Unless my understanding is incomplete, the employer would get a tax deduction, and the money doesn't even hit the employee's AGI.  Everyone is better off when an employee and the company shift compensation from regular wages to 401(k) contributions.  Worst case, the employer is indifferent because they would have charged the employee's pay as payroll expense (and get a tax deduction anyways), and best case the expense gets reclassified and they don't have to pay FICA/payroll taxes on it.  I could be mistaken, since I don't know the tax rules on retirement accounts from the employer side all that well, but it seems great to me.

maco

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Re: Overheard at Work
« Reply #11341 on: November 12, 2015, 08:55:06 AM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

Employee contributes 10% of his salary and employer contributes 1800%!

I firmly believe employers should ditch the percentage match thing and just put in a flat $35,000 (lowering nominal salary accordingly).

I'm all for Mustachianism, but I'm not sure I could live on $2k per year. :P
It really doesn't make any sense that companies don't have that as an option, though.  Unless my understanding is incomplete, the employer would get a tax deduction, and the money doesn't even hit the employee's AGI.  Everyone is better off when an employee and the company shift compensation from regular wages to 401(k) contributions.  Worst case, the employer is indifferent because they would have charged the employee's pay as payroll expense (and get a tax deduction anyways), and best case the expense gets reclassified and they don't have to pay FICA/payroll taxes on it.  I could be mistaken, since I don't know the tax rules on retirement accounts from the employer side all that well, but it seems great to me.
With the slight problem that $35,000 is more than median individual income. You'd get a negative paycheck.

zephyr911

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Re: Overheard at Work
« Reply #11342 on: November 12, 2015, 09:03:16 AM »
Married couple, friends of mine and former work colleagues, used to commute separately by car ~35 miles each way to work here. Same company, same office, different department, so they didn't see each other during the day anyway. That's anywhere between 45 and 90 minutes drive, depending on traffic. They grew vegetables on their allotment, though, because it would save money and be good for the environment.
Pennywise, pound-foolish. Even one person driving that much for a job is insane in my world.
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JordanOfGilead

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Re: Overheard at Work
« Reply #11343 on: November 12, 2015, 09:11:51 AM »
Our health insurance at work is moving from "everyone has the same plan" to "select your plan from a corporate exchange".

It's amazing how many people can spend hours memorizing obscure stats and relationships for fantasy football, but can't spend twenty minutes figuring out the difference between the Bronze and Gold plans.
I always go with our lowest coverage plan. About 3 months after joining my current company and starting on their insurance, my wife had an emergency room visit that lead to an overnight stay at the hospital. The total bill came out to over $25k, but after insurance covered it we only owed a little under $500. I don't understand somebody that is willing to spend 2-300 per pay period on insurance, when my policy is only $35 out of each check and the coverage is still that good.

Pretty sure they do what you're suggesting. They spend half of their time memorizing FF stats, but when it comes to healthcare, they just pick whichever one they think sounds "safest."

merula

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Re: Overheard at Work
« Reply #11344 on: November 12, 2015, 11:40:04 AM »
Married couple, friends of mine and former work colleagues, used to commute separately by car ~35 miles each way to work here. Same company, same office, different department, so they didn't see each other during the day anyway. That's anywhere between 45 and 90 minutes drive, depending on traffic. They grew vegetables on their allotment, though, because it would save money and be good for the environment.

I used to work with a woman who met her husband at work. When they got married, they custom-built a house 25 miles away. They both only lease cars. He always has to have something black and German, she always has a Lexus or Acura SUV. They have to drive separately because they can't agree on what to listen to. Why can't the passenger put in headphones?!

The really sad part: when they had been dating a few years, he convinced her to give up the beater she had owned and loved since she was 16 in favor of a lease on something "safer".

runningthroughFIRE

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Re: Overheard at Work
« Reply #11345 on: November 12, 2015, 12:21:15 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

Employee contributes 10% of his salary and employer contributes 1800%!

I firmly believe employers should ditch the percentage match thing and just put in a flat $35,000 (lowering nominal salary accordingly).

I'm all for Mustachianism, but I'm not sure I could live on $2k per year. :P
It really doesn't make any sense that companies don't have that as an option, though.  Unless my understanding is incomplete, the employer would get a tax deduction, and the money doesn't even hit the employee's AGI.  Everyone is better off when an employee and the company shift compensation from regular wages to 401(k) contributions.  Worst case, the employer is indifferent because they would have charged the employee's pay as payroll expense (and get a tax deduction anyways), and best case the expense gets reclassified and they don't have to pay FICA/payroll taxes on it.  I could be mistaken, since I don't know the tax rules on retirement accounts from the employer side all that well, but it seems great to me.
With the slight problem that $35,000 is more than median individual income. You'd get a negative paycheck.
Which is why I said option.  Presumably the employee would negotiate it with the company.  This doesn't have to be a full 35K or nothing deal, either.  Both parties would benefit from any amount the employee would have already been paid going into a traditional retirement account rather than ordinary wages.

oneday

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Re: Overheard at Work
« Reply #11346 on: November 12, 2015, 02:13:31 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

Employee contributes 10% of his salary and employer contributes 1800%!

I firmly believe employers should ditch the percentage match thing and just put in a flat $35,000 (lowering nominal salary accordingly).

I'm all for Mustachianism, but I'm not sure I could live on $2k per year. :P
It really doesn't make any sense that companies don't have that as an option, though.  Unless my understanding is incomplete, the employer would get a tax deduction, and the money doesn't even hit the employee's AGI.  Everyone is better off when an employee and the company shift compensation from regular wages to 401(k) contributions.  Worst case, the employer is indifferent because they would have charged the employee's pay as payroll expense (and get a tax deduction anyways), and best case the expense gets reclassified and they don't have to pay FICA/payroll taxes on it.  I could be mistaken, since I don't know the tax rules on retirement accounts from the employer side all that well, but it seems great to me.
With the slight problem that $35,000 is more than median individual income. You'd get a negative paycheck.
Which is why I said option.  Presumably the employee would negotiate it with the company.  This doesn't have to be a full 35K or nothing deal, either.  Both parties would benefit from any amount the employee would have already been paid going into a traditional retirement account rather than ordinary wages.

First, you have the problem of then majority of employees perception of that compensation structure. Less take home, but more retirement contributions at company X? The majority of employees would prefer the opposite at company Y. So all companies would have to do this, all starting at once.

Then there's Jack's point. Again, the majority of employees cannot live off $salary minus $35K, simply because their salary is so low to begin with.

And then we have to consider the rules of retirement plans.To my knowledge, there are two kinds of contributions employers can make: matching and "profit sharing". Matching is moot. Profit sharing or discretionary contributions by the employer also usually follow some kind of formula. In my experience as a third-party administrator, that usually means the employer decides the total amount to be contributed then it is split amongst the employees based on the formula set forth in the plan document. This would be subject to non-discrimination testing as well, if my memory serves. So it would be difficult for each employee to negotiate with the employer. So people with a high rate of saving will STILL be unhappy with the arrangement, since it would have to pander to the high spending folks.

Might work if you were working for an ultra small firm, with an owner who was willing to spend additional time on this each year. Good luck finding that.
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mustachepungoeshere

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Re: Overheard at Work
« Reply #11347 on: November 12, 2015, 03:25:44 PM »
I've listened to an entire morning's worth of conversations about how awesome this CW's new truck is. He traded an F150 worth $25K for a new F250 to pull an RV (also just purchased). He and his wife both drive 20+ miles to work here in the same building.
Separately, because they need time apart.
She drives a van.

That astounds me! OMG.

Married couple, friends of mine and former work colleagues, used to commute separately by car ~35 miles each way to work here. Same company, same office, different department, so they didn't see each other during the day anyway. That's anywhere between 45 and 90 minutes drive, depending on traffic. They grew vegetables on their allotment, though, because it would save money and be good for the environment.

I have friends who do this. Both driving cars they are still paying off, and already planning to change cars. Every time one of them changes cars, the other one uses it as justification to buy a new one. They are 28, been out of uni since 21, and have each had four new cars in that time.

It's ok though, she has realised something has to give. This time, she told me, he can't have another loan until this one is paid off.

mm1970

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Re: Overheard at Work
« Reply #11348 on: November 12, 2015, 03:29:08 PM »
Quote
Posted by: Cromacster
« on: Today at 09:59:01 AM » Insert Quote
I didn't overhear it, but saw it posted as a quote on a coworkers cube.

Quote
With precise planning and a good 401(k), retirement is only 150 years away.

Wait till they're not around then, go in and cross out that extra "0".
Or add a decimal between the 1 and 5 for real shock factor

Best 401(k) plan ever?

Employee contributes 10% of his salary and employer contributes 1800%!

I firmly believe employers should ditch the percentage match thing and just put in a flat $35,000 (lowering nominal salary accordingly).
I prefer my spouse's company.  They put 20% of your salary into a 401k every year.  It's not a match.  (Depending on the year, it can be as low as 15% and as high as 25%.  Regardless, he caps out every year.)

Fuggled

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Re: Overheard at Work
« Reply #11349 on: November 12, 2015, 03:53:51 PM »
I refuse to facepunch you. I looked them up and that sounds pretty cool! Be thankful you don't live in Texas, where the standard plates are specifically designed to be hideously ugly (far worse than CA's standard plates). But, in Texas, you can buy an optional plate that looks a lot better, designed by a for-profit company. Pretty much the only vehicles in Texas that don't have the extra cost (and much more attractive) plates are rental cars. (No, I don't live in TX, but visited there and noticed the huge discrepancy between the "have" and "have not" license plates, and investigated it a little further.)

I've lived in Texas for more than 25 years and don't believe these statements are in anyway based on reality.  Everyone seems to prefer the simple black-on-white general-issue plate.