My father had the same retirement plan. Will the cycle ever break
Dark humor aside, I think a lot of people are just trying to figure out the future one step at a time.
Upvoted, and I’m 60.
Death in the water wars is my retirement plan
Do you mean from dehydration, or in the literal wars as a causality?
If you die from dehydration in the water wars, you’re missing the point of the water wars. Don’t stop charging until your thirst is quenched.
or the BezosBotsTM kill you first.
I saw a 1995 documentary called Screamers that attempts to accurately depict this.
“Retweet this”
Sir, this is a Wendy’s!
Knowing my luck, I’ll work until I drop dead and then money will lose it’s value
I’m just going to keep working until I die at my desk, as our capitalist overlords intended. Maybe cause of death will be natural, or nuke, or zombies, or whatever. It doesn’t really matter in the end.
Who needs money? I’m sitting on a gold mine of microplastics in me. We can create a parallel peer-to-peer microplastic economy.
My plan is to be rich enough, old enough and western european enough that the collapse won’t really hit till after I’m dead.
In what Marxist paradise are you allowed to retire at 65?
I think you are being optimistic about things lasting till you’re 65.
I don’t know, they might be 64 currently
I mean, I’m not wrong.
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open a savings account
It’s one thing to have an account. It’s another thing to be able to put money in it. I’m lucky if I don’t have to take money out of my savings all month. About half my clothes have holes in them, and I keep thinking, “Maybe next paycheck I can go shopping.” But by the time next paycheck comes, it pretty much all goes to rent, food, fuel, or whatever else is more dire than new clothes.
I’m privileged enough to have all of very cheap housing, a paid off car and a well paying job, and I still don’t contribute enough to my RRSP.
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In case you aren’t already, you should try shopping at Goodwill or another local thrift store. I get most of my clothes from there. Last time I took my daughter because she has strong fashion opinions.
Goodwill prices are out of control. Look for local/mom and pop thrifts.
Tell me you haven’t been to goodwill lately without telling me
It was only months ago! What happened‽
You can try locally owned ones. In the town I live near there’s one called Adam’s attic. I was able to get my son, my wife and I multiple new outfits for less than $10.
You don’t know that. We aren’t doing jack about climate change. In fact, we are actively trying to make it worse.
If you don’t think thats a problem, then you’ve got your head in the sand.
Plus, the whole thing is about putting your money in some place where it will passively gain value, so that when you retire you will have compounded wealth. Well – that whole system seems to be faltering in its own right. I mean, the stock market is not rational, that is pretty evident at the moment.
You’re telling me you want me to forego part of my paycheck each month in favor of a tiny piece of ownership of a cross section of companies – which I can only claim the actual liquid value without strict penalty until after I’m 67 – and the value of which is highly dependent on the irrational fears and hopes of other people? and, if not that, upon how well that cross section of corporations extract wealth from the rest of the population? that that money is almost guaranteed to grow is part of the whole issue of the requirement of capitalism to achieve infinite growth year after year – and if it does grow? – where the hell does that money come from? Less and less from transformation of materials into value, and the exchange of that value for money. Less and less from the rendering of a service and the exchange of money for that service. More and more from the enclosure of resources (perhaps including the up front, one-time transformation of materials into those resources, and continued maintenance) and the extraction of rents for use (see: the current state of computing and data storage).
There’ve got to be losers here. If my future wealth is going to be based on a bunch of economic losers having near nothing when they reach the same age, wtf is the point? what is the point if I have wealth and my neighbor has nothing.
If my own future wealth is dependent on me owning a piece of an entity that pays a worker a fraction of the value of their labor – that makes its profit purely on that distinction – I think I probably ought to avoid that whole system altogether out of simple solidarity.
Edit: this is a rant.
Edit2: Oh yeah and thats all not to mention these companies I’d be vesting in are quickly destroying the global ecosystem
Even worse they said to put it in a high yield savings account which hasn’t existed for decades
Thank you for your rant. I love a good rant.
I would just add for anyone listening, that the stock market and 401Ks, it’s all just gambling. It’s literally gambling, and not much good comes from gambling even though a lot of people think it will. Gambling produces a few winners and a whole lot of losers.
Oh fuck I loved every bit of this rant. I wish I had the mental energy to rant like this again.
You get it at age 59.5
All those things require a surplus of cash. A lot of people don’t have that.
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Yeah, you save $100 this month, then maybe the next, then your car breaks down, or you have to go to the doctor or whatever the fuck expensive thing that comes up and you’re wiped out again. Not that $1200 a year is going to do jack shit for you anyway as far as retirement goes anyway.
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With that amount you’re not saving enough to do anything beyond short term emergencies and a lot of people are lucky to even get that far. It doesn’t secure you any kind of future after you’re too old/sick to work anymore.
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You will in fact live to 65 and you better fucking do something about it and make your plans now.
Wtf else would you have been talking about? People are unhappy because your fucking stupid message ignores a shitload of reality. Not everyone has an income that even meets their cost of living, let alone save or plan anything for the future and you come on here calling them turds and lecture them about feeling hopless? Fuck you.
@lightnsfw @ameancow there’s an app for that…
What an utterly privileged and myopic take.
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