The 3% free/5% match into a 401k from Option 1 is one of the best benefits a company can offer. Too bad the work would leave Maggie bored. Offer 2's "rogue" team sounds good, but might not last in that format. Groups that exists outside the rules get to do that only until they don't. Creating a position for her and offering the ability to work from home is pretty cool, though!
@Morbo Sure, but we're talking in the context of a long-term retirement investment. Those concerns really dissipate over time as the market grows and holdings of index funds change, and short of trying to time the market--usually a bad practice--I don't see long-term downside. How is any other long-term investment vehicle not subject to the same general market vulnerabilities, while also often being at a higher expense ratio? I don't follow the correlation to the housing crash, unless you're specifically investing in, say, the Nasdaq Housing Index.
@Morbo So I like most of your advice in this thread, but I don't understand your final assertion. How could index investing be "the next big downfall" of anything, barring a market crash? All you're doing with an index is saying "yep, I'd like to invest in THE MARKET." Sure, if you focus only a particular segment or sector instead of a total stock market index, you're susceptible to Japanese investments or tech stocks or whatever tanking, but then that's just a failure to diversify, which has nothing to do with index funds themselves.
@gyip The stock market as a whole flew up about 30% last year, so somebody invested in basic funds could have made (or made back) a lot of money. It also plummeted even more than that to kick off the recession, so timing is everything. Over the long term, the whole market is good for an average of 6-8% returns a year, but it can move in big swings year-to-year.
@wallsdonotfall Someone who's 21 and coming from sharing a 200-square-foot room might not care so much about fixing those things, at least not right away. I know I lived in some questionable digs at that age. Of course, having the mortgage payment covered by rent would also give her quite a bit of freedom to make the repairs.
Food coops fascinate me. Do people fight for certain shifts? Is it harder to find staff for Monday to Friday daytime hours, or for the weekends? If your shift is every first Wednesday at 10 am, do you take the day off from work? Do some employers in New York expect you to take time off for your coop like it ain't no thang? All the questions!
On one hand, it seems like their hangout group would be more suited to a coffee shop in the area, as coffee shops have more of a traditional role as "third places" than Mickey D's. Even a Starbucks is more used to the convention of "buy a coffee, work on your laptop in that chair for two hours." A bookstore, maybe, if there still are any. The challenge is that this sort of easy, non-institutionalized cameraderie among the elderly is best enabled by city life, but it's in crazy-dense cities like New York that sizable, low-cost hangout space is at a premium. On the other hand, I can't stop thinking of Up and going PLEASE HANG OUT AND ENJOY YOURSELVES AND YOUR FRIENDS ALL DAY, ELDERFRIENDS. WHATEVER MAKES YOU HAPPY.
@meatballsub I think this article is great advice for contractors/freelancers, and good advice for full-timers, to a point. In part this is because of what you identified; in the realm of full-time jobs, there really isn't "plenty of work in the world." In fact, there's a tremendous dearth of it! Negotiation is great, but most companies in most industries right now are the ones negotiating from the position of strength. That isn't to say full-timers shouldn't negotiate, but that it's a lot harder to say "I hope we can work together again in the future" when it isn't a bluff.
@sea ermine The difference between "imaginary" sick days and no sick days is also the setting of expectations. By providing employees with x number of sick days, employers are tacitly indicating acceptance of you not showing up when you're sick. If you get rid of a pool of sick days and shift to a scenario where there's no formal structure around accepted absence, then you're asking for a lot more individual responsibility and reasonableness for all parties. It's currently a policy that cuts out the difficulty of needing to request a pass from management every time you eat some bad pork. It also puts a barrier on management holding grudges against people who take their duly appointed sick days. Yeah, in some jobs (mine included) you get more PTO than you're really expected to take, but you're still expected to take some.
I am somewhat stunned that DC didn't make the top ten least affordable list, but I guess it's also considering the thousands of super-cheap, super-dilapidated homes in parts of far Northeast and far Southeast. They're the parts of the city that aren't walkable and don't have what one thinks of as typical city amenities. I think the comment above about jobs being the driver to a lot of super-expensive cities is dead on. I live in DC because I got a job here 8 years ago out of school, and then got another one. Density breeds cost, but it also breeds opportunity. Now, once you have a bunch of career experience under your belt, it's easier (relatively! Very little about a job search is usually easy) to lock down one of the fewer available jobs in your field that might exist in a smaller metropolitan area. Of course, by then you have friends, routines, and favorite places that you're not really inclined to abandon, so you find yourself saying "two grand for a studio? What a deal!"