Personal Accountant

Jun 24, 2018 10 Comments

We make a lot of money relative to most others in the world. I plotted out a very conservative estimate of savings for age 30-65. If I live off of base salary and don't touch stock except for down payments, vacations, kids college, emergencies, etc, I'm still left with millions of dollars *without taking into account stock growth or annual raises*. Assuming a pretty conservative promotion schedule of SDE III in 5 years, Principal 10 years after that, and Sr. Principal 15 years after that.

Does anyone have a personal accountant to help manage money? How much do they cost? What do they provide? I probably shouldn't just leave all my stock as AMZN forever. At some point I'll need to diversify.


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TOP 10 Comments
  • Microsoft Zuzi
    If you are an SDE, you can’t count on being employed as an SDE in 15+ years. Look around and see how many old SDEs you can spot.
    Jun 24, 2018 2
    • Amazon cayde-6
      I think this line of thinking is a bit flawed. I'd argue that the market for developers has been greater in the last 5 or so years than at any time. You don't see many older people going back to school to get a CS degree that also did the interview prep work. That's why you don't see many older engineers. Not nearly as many got the necessary skills 20 years ago.

      I can totally count on it because I keep up with the times. I'm always taking MOOCs on new fields out of interest.

      I also personally know a 53 year old L8 engineer, one in his 40s, and a number of L7s in their late 30s and 40s. I even knew a new hire SDET II in his late 40s.

      Amazon won't fire me for being old.
      Jun 24, 2018
    • Starbucks / Eng LeOops
      Thats more so because demand for engineers has been rapidly increasing until this point. You don’t see a lot of older engineers since the number of people who have been doing this for a long time is so small. Also a large number of the older devs were lucky enough to make large sums of money off their stocks so they’ve retired early.

      A lot of the older devs I’ve known over the years were only working because they found their early retirement boring.
      Jun 24, 2018
  • Square / Eng nom🍔
    Just sell AMZN and buy Vanguard retirement target funds (depending on planned retirement age), skip the advisors.
    Jun 24, 2018 3
    • Square / Eng nom🍔
      If all you do is hold index funds long term, you don't need tax planning
      Jun 25, 2018
    • New DuQvV7
      “Buy Vanguard” is an answer for investment. But “investing” is not the same thing as “wealth management”.

      A good wealth manager will introduce you to trusts, charitable (remainder) trusts, LTC planning, SS asset planning, liability protection, LLC asset split.

      But, whatever, TEHO.
      Jun 25, 2018
  • Cognizant Jingbang2
    You need a personal financial manager/advisor , but not an accountant. Some of those will do your budget and taxes too.
    Jun 24, 2018 1
    • Amazon cayde-6
      Oh!! That's more what I meant.

      Yeah, that.
      Jun 24, 2018
  • Henry Schein zTWr54 100%
    Jan 4 0


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