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I Need $5,000 in Monthly Retirement Income. Is a $500,000 Portfolio Enough?
While $500,000 is a substantial retirement portfolio, it may not be enough to generate $5,000 in monthly income on its own. How much you can safely withdraw depends on your spending needs, investment returns and any other income sources, like Social Security or a pension. Let’s take a look at how…
A pain point in my Wall Street schedule inspired me to leave Citadel to found a laundry startup
This as-told-to essay is based on a conversation with Maria Cabral Menezes, 27, who founded the brand WashWise, a “dry shampoo for clothes” that refreshes items between washes. WashWise raised $1.2 million in pre-seed funding, as it announced on August 10. Backers range from people in the laundry…
TikTok is for the creator middle class, but top earners favor Instagram
TikTok was Julia Kong’s biggest source of brand deals when she started her creator career in 2020. Today, Instagram has replaced it as her top revenue driver, though her TikTok following is still vastly larger. “It’s what brands would prefer to reference when deciding whether or not to work with…
I run a global consulting firm. Here’s how I hack my productivity and wind down after work.
This as-told-to essay is based on a conversation with David Hatcher, the managing partner of Baringa. It’s been edited for length and clarity. I’ve been a consultant since the late ’90s. I spent most of my career focused on the energy sector, but these days, AI has become a big topic of…
An Airbus A380 took a 7-hour flight to nowhere after U-turning over central Africa
British Airways passengers spent seven hours on an airplane only to end up back where they started. Flight 54 departed Johannesburg last Saturday, bound for London, a journey that typically lasts around 10-and-a-half hours. It took off more than five hours behind schedule, at 2:45 a.m. local time…
I moved from the US to Australia 6 years ago. I love my life abroad, but still feel guilty every day.
In 2020, I unwittingly moved to Australia on what was supposed to be a temporary trip lasting a few months. Instead of studying abroad for a semester and heading back to the Philly suburbs with some stories and a tan, I stayed for another six years. Now, I’m a permanent resident eligible for…
Cursor’s head of talent says companies get one crucial thing wrong with work trials
Work trials can be a way for both candidate and company to see if a job is a good fit, but Cursor’s head of talent says some employers get it wrong. A big mistake is making the work trial too focused on getting something out of the candidate, Adam Ward, Cursor’s head of talent, said
Why Legora’s CEO is betting that every software company ends up ditching the seat
The founder of one of legal tech’s buzziest startups says a move away from the software seat was only “a matter of time.” Since the rise of cloud software, companies have mostly charged for it by the user. A business bought a subscription for a set number of licenses, or “seats,” and paid roughly…
I left Amazon, came back, and was laid off. My old job-search strategies no longer worked — here’s what did.
This as-told-to essay is based on a conversation with Jack Nguyen, a Deloitte employee in his 40s, living in Virginia. He previously worked for Amazon before being laid off in January. The following has been edited for length and clarity. In January, I learned that I’d been laid off from my…
The famed Esalen Institute is being evacuated as Big Sur’s Timber Fire expands to 1,700 acres
The Esalen Institute is being evacuated as the rapidly growing Timber Fire threatens the region. Dave Morin, chairman of the famed retreat center perched along California’s Big Sur coastline, said Monday that the retreat was evacuating and would remain closed for the time being. “Pray for Big Sur…