MLCKAA 421 Posted December 8, 2022 I’ve mentioned here before that my wife is COO of an ESOP company and that she has some SAR incentives. One is a 9 year retention incentive. So she just has to stay. The other is a 7 year retained earnings incentive. The retention one will be paid Jan 1 2030. But the RE incentive starts Jan 1 2023. This situation is fcking phenomenal. 1-1-23 she’ll be getting a check for about $120k. It’s structured to decrease every year, but she’ll get these lump sums every January for 5 years. Until this past March we’d been debt-free for 3 years but then we bought her a new car and didn’t want to take $65k from our savings so we financed $30k of it. Well, that’ll be gone in January. And then we have nothing but a freshman in college and a 7th grader. She’s likely to retire at 55. You just can’t talk about this stuff with family and friends because it comes across as boasting or it’s insensitive to people who aren’t as fortunate. And I’m not boasting, just giddy at how the last half of life is opening up for us. Thank goodness there are FFT strangers to tell about it. Share this post Link to post Share on other sites
Gladiators 1,914 Posted December 8, 2022 Congrats to you and your wife. Share this post Link to post Share on other sites
nobody 2,110 Posted December 8, 2022 I have to imagine a 9 year retention bonus must be quite lucrative. Share this post Link to post Share on other sites
easilyscan 573 Posted December 8, 2022 Hang onto her like a rusty vice grip 1 Share this post Link to post Share on other sites
MLCKAA 421 Posted December 8, 2022 12 minutes ago, nobody said: I have to imagine a 9 year retention bonus must be quite lucrative. Almost triple the value of the RE. Share this post Link to post Share on other sites
Shooter McGavin 589 Posted December 9, 2022 My wife works at a preschool. Congrats. Share this post Link to post Share on other sites
Bert 1,109 Posted December 9, 2022 52 minutes ago, MLCKAA said: I’ve mentioned here before that my wife is COO of an ESOP company and that she has some SAR incentives. One is a 9 year retention incentive. So she just has to stay. The other is a 7 year retained earnings incentive. The retention one will be paid Jan 1 2030. But the RE incentive starts Jan 1 2023. This situation is fcking phenomenal. 1-1-23 she’ll be getting a check for about $120k. It’s structured to decrease every year, but she’ll get these lump sums every January for 5 years. Until this past March we’d been debt-free for 3 years but then we bought her a new car and didn’t want to take $65k from our savings so we financed $30k of it. Well, that’ll be gone in January. And then we have nothing but a freshman in college and a 7th grader. She’s likely to retire at 55. You just can’t talk about this stuff with family and friends because it comes across as boasting or it’s insensitive to people who aren’t as fortunate. And I’m not boasting, just giddy at how the last half of life is opening up for us. Thank goodness there are FFT strangers to tell about it. Good for you and your wife. I get it. FYI - If you haven't engaged with a tax specialist, I highly recommend it. There are a lot of income tax dollars to be saved or wasted! 1 Share this post Link to post Share on other sites
Raven Fan 362 Posted December 9, 2022 Congrats to you and your family OP. Sounds like you're set up. How old are you? Those two college tuitions will be expensive but worth it. Share this post Link to post Share on other sites
MLCKAA 421 Posted December 9, 2022 6 minutes ago, Raven Fan said: Congrats to you and your family OP. Sounds like you're set up. How old are you? Those two college tuitions will be expensive but worth it. 48 Share this post Link to post Share on other sites
Hardcore troubadour 12,959 Posted December 9, 2022 41 minutes ago, Shooter McGavin said: My wife works at a preschool. Congrats. Sounds like bullshit. 1 Share this post Link to post Share on other sites
wiffleball 4,684 Posted December 9, 2022 Well hey, congratulations. And remember? No matter how much money you have? Cancer doesn't care. Moreover, having a stroke is free. Treating one? Not so much. Then there's early onset Alzheimer's. Macular degeneration where you slowly go blind... So yeah, go ahead and count those stacks of cash mcduck. Maybe your nurse can help you count the stacks when she's not busy wiping your ass or feeding you applesauce. 1 Share this post Link to post Share on other sites
wiffleball 4,684 Posted December 9, 2022 Just remember, the more she makes? The smaller your diick appears To her. The kids are grown, she's making bank, and your pudgy Down syndrome face ain't getting any prettier. Think I'm kidding? Just look at Tom brady. And you sir, are no Tom brady. 1 Share this post Link to post Share on other sites
MLCKAA 421 Posted December 9, 2022 1 hour ago, wiffleball said: Well hey, congratulations. And remember? No matter how much money you have? Cancer doesn't care. Moreover, having a stroke is free. Treating one? Not so much. Then there's early onset Alzheimer's. Macular degeneration where you slowly go blind... So yeah, go ahead and count those stacks of cash mcduck. Maybe your nurse can help you count the stacks when she's not busy wiping your ass or feeding you applesauce. Mmmkay Share this post Link to post Share on other sites
Bert 1,109 Posted December 9, 2022 1 hour ago, wiffleball said: Well hey, congratulations. And remember? No matter how much money you have? Cancer doesn't care. Moreover, having a stroke is free. Treating one? Not so much. Then there's early onset Alzheimer's. Macular degeneration where you slowly go blind... So yeah, go ahead and count those stacks of cash mcduck. Maybe your nurse can help you count the stacks when she's not busy wiping your ass or feeding you applesauce. Damn dude Share this post Link to post Share on other sites
wiffleball 4,684 Posted December 9, 2022 1 minute ago, Bert said: Damn dude Harsh? Okay, congratulations. Sounds like you guys deserve to be happy. But if you die in the next 50 years? Just remember, I was right! Share this post Link to post Share on other sites
Bert 1,109 Posted December 9, 2022 1 minute ago, wiffleball said: Harsh? Okay, congratulations. Sounds like you guys deserve to be happy. But if you die in the next 50 years? Just remember, I was right! 50 years? Almost every one of us will be dead in 50 year you drunk sumbiotch. 1 Share this post Link to post Share on other sites
Bert 1,109 Posted December 9, 2022 17 minutes ago, MLCKAA said: Mmmkay In fairness, look into long term care insurance before you and your wife hit 50. Share this post Link to post Share on other sites
MLCKAA 421 Posted December 9, 2022 16 minutes ago, wiffleball said: Harsh? Okay, congratulations. Sounds like you guys deserve to be happy. But if you die in the next 50 years? Just remember, I was right! Of course I’m gonna die in the next 50 years dumbfck. Why are you still here? Share this post Link to post Share on other sites
Cdub100 3,459 Posted December 9, 2022 That's freaking awesome!!!! Share this post Link to post Share on other sites
wiffleball 4,684 Posted December 9, 2022 27 minutes ago, MLCKAA said: Of course I’m gonna die in the next 50 years dumbfck. Why are you still here? I got dibs on your rich wife. You should take up skydiving or shark wrestling. Share this post Link to post Share on other sites
Gepetto 1,008 Posted December 9, 2022 2 hours ago, wiffleball said: Well hey, congratulations. And remember? No matter how much money you have? Cancer doesn't care. Moreover, having a stroke is free. Treating one? Not so much. Then there's early onset Alzheimer's. Macular degeneration where you slowly go blind... So yeah, go ahead and count those stacks of cash mcduck. Maybe your nurse can help you count the stacks when she's not busy wiping your ass or feeding you applesauce. Share this post Link to post Share on other sites
MLCKAA 421 Posted December 9, 2022 10 minutes ago, wiffleball said: I got dibs on your rich wife. You should take up skydiving or shark wrestling. You should take up sobriety. 1 Share this post Link to post Share on other sites
shorepatrol 1,741 Posted December 9, 2022 Cash out and be happy Share this post Link to post Share on other sites
Hawkeye21 1,924 Posted December 9, 2022 I don’t blame you. I’m sure it feels awesome. Congrats! Share this post Link to post Share on other sites
MTSkiBum 1,605 Posted December 9, 2022 Congrats, my wife was making good money but she quit and now I can't get her to go back to work Share this post Link to post Share on other sites
IGotWorms 3,439 Posted December 9, 2022 Damn that’s nice. Congrats on havin’ it made Share this post Link to post Share on other sites
jerryskids 5,420 Posted December 9, 2022 That's awesome man. Share this post Link to post Share on other sites