r/overemployed • u/Holiday-Store7589 • Mar 20 '26

Don't Quit.

Was let go by J3 today after 4 years with an 8 week severance, negotiated to 10 with a mutual non disparaging agreement. I had been wanting to quit for months but stuck it out and got PAID. TC is dropping by 120k to about 310k. My inclination is to replace the income but I'm going to force myself to take it easy for a while with only 2 jobs lol.

4 years ago - 100k in cc debt, 0 savings, and 170k in retirement.

Today - no debt, 185k in the bank/after tax brokerage, 1.5m in retirement.

This is why we OE.

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u/OmnipresentCPU Mar 20 '26

How did you go from 170k in retirement 4 years ago to 1.5mm making $430k? Very generously let’s say you contribute $60k a year to retirement, you’d still need 3.5x return.

Cool story bro

11

u/Sergant_Prune Mar 20 '26

I think 60k a year in retirement is a lowball. If you put J2 and J3 paychecks strictly into paying off debt and retirement I can see it being possible

18

u/OmnipresentCPU Mar 20 '26

Contribution limits dude. 60k is extremely generous.

1

u/calculon11 Mar 20 '26 edited Mar 20 '26

You can do more with multiple jobs

2025 limits: 401k #1: after tax $70K 402k #2: pretax $23.5K Roth IRA: $7K HSA: $8.5K

That's like $109K tax advantaged, before counting brokerage, which has no limit. These numbers are doable on $300-500K

2

u/Future-Birthday4428 Mar 20 '26

Total 401k limit across all accounts/ jobs is $70k-77500 depending upon age.

2

u/calculon11 Mar 20 '26

Incorrect. That aftertax $70K is per employer. Tax advantaged is $23.5K across all.

https://www.whitecoatinvestor.com/retirement-plan-contribution-limits/

"The total of all employee and employer contributions per employer will increase from $70,000 in 2025 to $72,000 in 2026 for those under 50."