Andy Matuschak on Twitter: "@sandy_matuschak It'd be pretty vanilla, would only need a 4% APY. https://t.co/4CoTB8dTC2 If you expect a more optimistic 6%, you'd only need $500k. https://t.co/0mDoRM2WTU" / Twitter

This question's gauche, but: given the prevalence of $400k++ comp packages for ~30-year-olds in Big Tech, why aren't there lots more "gentle[wo]man scholars"? i.e. people quitting to do non-remunerative creative projects I can think of some, but shouldn't there be thousands?

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Harry Tormey

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| tormey.eth

@htormey

Jan 28

The answer for many is likely they purchased a home in the Bay Area and now have a very expensive mortgage to pay.

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Andy Matuschak

@andy_matuschak

Jan 28

Right! The thing is… that doesn't seem to make this all that impossible? We have a nice condo in SF; our mortgage is ~$3k/mo. But an annuity which would pay that mortgage would only cost ~$600k; one could readily set aside triple that in a few years as a senior eng…

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sandy matuschak

@sandy_matuschak

Jan 28

Information please on mentioned annuity as why wouldn’t they be selling like hot cakes if that great? Sounds too much like a ‘free lunch’ which we know isn’t ‘free’..

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Andy Matuschak

@andy_matuschak

Replying to

@sandy_matuschak

It'd be pretty vanilla, would only need a 4% APY. matheasel.com/calculators/in If you expect a more optimistic 6%, you'd only need $500k. matheasel.com/calculators/in

6:21 PM · Jan 28, 2022Twitter Web App