I’d like to think that the terrible 403(b) choices at most public institutions are the result of HR managers not knowing better and not due to poor negotiating skills, or, worse yet, malfeasance.
Either way, something nefarious (or at least negligent) seems to be going on. HR departments should see it as their duty to make sure that the 403(bastards) are not taking advantage of their employees, most of whom are not money savvy. The employees shouldn’t be thrown to the jaws of the 403(bastards). Some institutions have seen the light and at least offer plans that are 403(bad ass). But that seems to be unusual. [Read more…] about 403(b) – The “b” stands for bastards
What doesn’t get measured doesn’t get managed – which led to doing a horrible job of tracking expenses until the end of the year. Some of the extra spending couldn’t be helped – like dad dying – but we’ve got a bunch of self-inflicted wounds. I know I said I’d reveal my FI number as my next post – but I needed to lay out our 2018 spending and 2019 budget to give some context. All I’ve got to say is – Blarg.
We had a 40ish% savings rate last year, which is great, but when you look at the hard numbers, our spending was much closer to Dumpster fire than the DadBodFIRE I’m aiming for. We might as well have just set a pile of cash on fire. [Read more…] about 2018 Dumpster FIRE Spending and 2019 Budget