BlackRock's Fink on How to Solve the Retirement Problem

[@darnellcapriccioso]

I’ve been diligently working, saving and contributing towards financial freedom and early retirement, but the economy so far since the pandemic has eaten away most of my portfolio, what I want to know is this: Do I keep contributing to my portfolio in these unstable markets or do I look into alternative sectors.

[@richardhudson1243]

Just try to diversify your portfolio to other market sectors, that way your investment is balanced and you don’t get to make so much losses.

[@tatianastarcic]

My job doesn’t permit me the time to properly analyze my holdings/evaluate stocks myself, so I’ve had a fiduciary actively restructuring my portfolio for the past 7 years now to match the present market condition and that’s how I’ve been able to stay afloat, knowing when to buy and sell…maybe you should do the same.

[@maiadazz]

I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

[@SandroBoschetti]

That's why I like short term speculative operations in financial markets. I can get 2% per month without great drawdowns.

[@cristoux]

"has eaten away most of my portfolio" but the reality is the market is up 50% so you should review your portfolio

[@CarlingOV]

Larry Fink, the most dangerous man on earth.

[@ghostferatu6241]

If people actually had any sense he'd be the deadest man on earth.

[@cb750k1974]

Larry's net worth is $1.2 billion. I wonder when was the last time he mowed his front and back yard, did his own laundry, cooked his own meals & cleaned up afterwards, suffered through traffic to and from work, did any home or auto repair needed to keep things going. Stack all this on top of a 40-50 hour work week and then let's see what Larry say.

[@tommyeschung]

Always reassuring to hear larry thinks we sgould work longer so we can make blackrock great again

[@id10t98]

How can you expect him to live with only billions in wealth,14 vacation houses around the world and then fly to Davos on the same corporate jet he had last year? Show some compassion, man.

[@mandolorian25]

It does make my blood boil listening to him rattle on. It's incredibly difficult problem. As a physician I took care of a number of seniors and I feel that this issue bleeds into their health. There were people that needed to work longer just to survive. Then there were those who'd actually were able to save and they enjoyed themselves with their free time. The people I felt most sorry for were those who basically had saved however there children had made some poor decisions. Essentially they were helping raise their grandchildren. The people who were healthiest was the group in the middle, they had savings and weren't stressed with finances or raising their grandchildren. Frankly the world is changing fast it makes no sense for 70+ year old people to be running things as they can't phantom the disruptive forces that are hitting them.

[@FlopsEgo]

he's supposed to say that. it's his job

[@FerventReminder]

His job is theft and depopulation agendas. @@FlopsEgo

[@henrythegreatamerican8136]

He's trying to convince us to stay in the workforce so companies like his can keep wages as low as possible until they can get all the kinks out of A.I. to replace us. He compares us to other countries that save a lot but doesn't mention those countries are socialist with how they approach healthcare and housing. So the people there can afford to save more.

[@Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[@Jamessmith-12]

Got it! Buying stocks during a recession when prices are down could be a good move. You might get them at a lower price and sell later when they go up. Just do your homework and be aware of the risks before diving in!

[@kevinmarten]

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time

[@kevinmarten]

Having an investment adviser is the best way to go about the stock market right now, especially for near retirees, I've been in touch with a coach for awhile now mostly and I made over $800K within a short time

[@kevinmarten]

45% of Americans do not invest in the stock market because of lack of guidance. Every year you don't invest, you are falling behind. I’m hitting numbers in the stock market I used to dream of… Going from $50k to $600k in my portfolio is surreal all thanks to insights from my financial advisor.

[@JacquelinePerrira]

Your adviser must be really good, I hope it's okay to inquire if you're still collaborating with the same adviser and how I can get in touch with them?

[@Username-xd3qx]

Rich boomer telling poor boomers to keep on working, while his company makes bank on real estate rents / sales. A round of sarcastic applause.

[@mark33545]

Learn the difference between blackrock and Blackstone.

[@BirdDogey1]

We have plenty of money to waste throughout the world. We can provide dignity to older Americans. Most of us don't have a job that provide us "purpose". We work to eat. This guy is an absolute prick.

[@moontides7220]

Clap clap. ...bow to this feudal lord

[@patrickthibault8119]

Read Capital Order by Clara Mattei. It explains how these people think. Work harder, get paid less. Austerity save capitalism. It doesn't help people.

[@patrickthibault8119]

Suggest reading, Capital Order by Clara Mattei. She is an economist who dug deep to understand austerity shortly after WW I. She clearly describes the playbook. Austerity and what she calls the "trinity" are designed to maintain capitalisms control over workers. Austerity, itself, is not an effective tool to manage debt as these folks as well as politicians promise. Best

[@beverlytye3106]

As a 58-year-old laid-off person, I wish I could find work to continue paying my mortgage and contributing to retirement. Finding work is very difficult. Raising the age of retirement won't help if you can't find work.

[@forthesnowflakes7691]

If only the greedy capitalist paid more maybe you would have more come retirement. Keep voting R and it'll be even less.

[@Hiram8866]

The statistics agree. We'll just just end up with people in their 60s in poverty.

[@jfdb59]

How are you having trouble finding work? Everywhere is hiring. Or is it an age thing? Genuinely asking.

[@beverlytye3106]

@@jfdb59Not according to anyone I've talked to. Finding jobs right now is very hard, especially in the SF Bay Area. But yes, I believe it is an age thing as well. I know many in my age range who were laid off and can't find work. I just read an article today about older people (45-64) not being able to find work for years after being laid off-one guy sent in over 1000 resumes/applications. I still have hope and a lot of skills.

[@Dave.O]

​@@jfdb59 It's an age thing and a "top earning years" thing. Too old to be given a chance to start in a new field. Earning too much for them to continue paying that much. Earning too much for others to pay you less because they are sure you'll leave if/when you get a better offer. Not everywhere, not everyone but this a real problem.

[@FlopsEgo]

As a 30 year old I can honestly say that nobody my age is considering retirement. We want our first house.

[@2010-BTC-yep]

I beat you.

[@Dinngg0]

It's a shame that home ownership is a higher priority than supporting oneself.

[@Capital_Ideas1]

Unfortunately, the older generations have priced you out with their NIMBY zoning and other policies.

[@thedude5040]

Speak for yourself. I'm 32 years old and know for a fact I will retire a mutimillionaire approaching $10 million between 62-65 years old.

[@FerventReminder]

And if the economy continues in it's current trajectory 10 million will be jack shit in 30 years. @@thedude5040

[@thomasdombrowski3956]

As a truck driver in ny state at the age of 62 I would have worked 42 years....I'm fuckin done

[@Hiram8866]

Fink only has to lift a pen, he has no idea of how manual work ages the body.

[@claypulley589]

He's bullish on capitalism, while he forces corporations into ESG programs. POS

[@realgood537]

look at warren buffett, he is running a major conglomerate well into his 90s. im sure you also can be on the road driving your truck into your 80s atleast, lol

[@MrsWhite-jt1gw]

I don't want 70 year olds on the road driving trucks. My grandpa fell asleep at the dinner table at age 68.

[@eliza5960]

@@realgood537 buffett grew up the son of a wealthy family. easy to keep going when born with a silver spoon

[@jorgeponce5512]

The World will be a better place the day Larry finds no purpose in his job.

[@Hoser584]

Didn't he buy up all the housing in the US and that is why it's broken

[@thedude5040]

It's amazing that the reason why you feel poor is because of how uneducated you are. The problem is you are so uneducated you cannot comprehend your own ignorance. Good luck in life.

[@aprilgeneric8027]

@@Hoser584No..he doesn't even have the money to buy up that much if he bought everything in the minnesota twin cities metro area, hedgefunds and billionaires and banks are investing in farmland for that explosive demographic growth and decrease in labor lmfao...larry has a 3 trillion invested into americans housing market...who the hell gave him that much money? community reinvestment act slippery willy put on steroids, deregulated the financial industry by repeal of glass stegal, sold out americas manufacturing to china via pntr with china, then left bankruptcy reform law on bush's desk..and the timer on that bubble collapse was magnificent, now we have the obamacare bubble, the boomers who are 50+% of the population retiring, and the pension crisis because all those companies that went out of business due to china trade dumping dumped their entire pensions onto we the tax payers, and we the tax payers are still paying for the FDIC, not to mention should THAT happen again we the tax payers are on the hook for the FDIC again... the FDIC should have been removed when the deregulation of the financial system was done, before bankruptcy reform was done....the entire financial industry would have stepped back and assessed their risk before rewriting bankruptcy reform under crack smoker brain dead bush jr. now we have retaliation for a 2nd term alzheimers reagan in office with dementia joe blow the schmo. get buffet on the phone how many trillions does he got? gates too

[@slick3996]

@@Hoser584 no you're getting blackstone and blackrock confused

[@jamesmichaeljean7840]

@@slick3996 Blackrock own Blackstone.

[@You1uji]

So...work longer (for companies he profits from), invests Social Security funds in the equity markets (His company has over 10 TRILLION dollars under management in equity markets), use more drugs (from the companies he owns)... He's so distraught about the budget deficit that he pays damn near no taxes, fights against estate as well as inheritance taxes (paid by less than 0.26% of ALL Americans) and started the largest Bitcoin etf. He's focused on "HIS" grandchildren (not yours). Remeber folks, live to work, exchange your time and life energy for his profits. Seems like he really cares....did I miss something?

[@FerventReminder]

You missed the part where BlackRock et al want to turn Ukraine into a greater Israel and his ilk believe the useless eaters need to die off in huge numbers due to overpopulation.

[@effexon]

sir, biggest joke is blackrock handles your pension money (401k) ? ofcourse nobody should retire so they can keep playing around with those moneys. tsars and kings of our time.

[@CobraPR893]

BLACKROCK = DEEPSTATE MAKING US POORER FOR THEM TO BE RICHER.

[@You1uji]

@@CobraPR893 This is way beyond any State or Deep State buddy...These Multi-National power brokers are larger and more influencial than MOST Nation states. It's just Math; No conspiracy required.

[@evacody1249]

​@@effexon 🤦‍♂️ they handle 401ks because that is the money you will have to use when you stop working. Do you not get that personal retirement funds can't be touched by the government at all?

[@Higuannn]

I'm a 52yrs Director in a Tech company and I consider myself a high income earner at $350,000 per annum, I have a retirement account account but i still want to explore opportunities for short term gains before i start working less in few years.

[@Aurierserge50]

I agree with you, especially for near retiree and does who knows nothing next to finance it is the best thing to do speaking from experience.

[@Angelavaldess]

@@Aurierserge50 Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.

[@Angelavaldess]

Yes true, I learnt that in 2020, when I lost almost everything. But I switched to using a financial advisor and I've been returning at least $98k every month so I’ve been sticking to investing via an Advisor.

[@Higuannn]

@@Angelavaldess I buy into the idea of using an expert but finding a decent one has been the challenge. Do you have any recommendations?

[@Higuannn]

@@Aurierserge50 I think having an investment advisor is the way to go. I've been with one because I lack the expertise for the market. I made over $490K during the recent dip, highlighting that there's more to the market than we average folks know.

[@Stoneface_]

"You'd own nothing, and you'll be happy "

[@scotttaylor9133]

That's exactly what I heard, and 'people [not him, other people] will really be happier working into later and later old age.' This is a big problem, as you age you get MUCH less productive for a number of reasons, so just working another decade or more isn't going to work because you become so inefficient that you can't justify anything above minimum wage, if you can hold work at all.

[@truthsayer9534]

That is their goal for sure. And guess who gets your monthly payments on everything you don’t own? Blackrock is kind of evil.

[@judithgibson4371]

This CEO is not to be listened to Right now there are people who work and can't get out of poverty. Most people cannot afford all these great medical breakthroughs. He is a pompous fool who does not know anything about working for a real person living a real life. Why should we need to work the last years of our life. Social security is not broke we just need all people to pay into the system for the full year on all of their earnings He is a believer in the foundation of slavery and personally disgusts me

[@carlostorres8771]

I own these nuts

[@BCBeyer61]

@@truthsayer9534 Yes..."You will own nothing, and rent everything (and slave away until your death)", Kind of evil?? Me thinks as evil as they get.

[@alpgeorge7012]

The avg. American is having a tough time, I know I am not alone. There are others in same position as me. By certain statistics: 22% of americans have no retirement savings. 64% are worried that they will not have money in latter years while 47% of adults who are not yet retired think they have to work part-time in retirement. How can I best grow the 100k I have saved seperately outside retirement access which of course had depleted over the years?

[@elenab3052]

Think about actions you’re taking that might be harming you such as carrying over credit card debt each month.

[@peterpahor8228]

I agree with the reply above. I also think you should think about steps you can take to start. Start somewhere. Anything is better than being frozen even.

[@zakeryday]

In my opinion, create a budget including income and expenses, do this with a financial advisor.

[@zakeryday]

Make sure you plan with a pro for a successful retirement.

[@zakeryday]

Monica Mary Strigle’ is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@devintriantos]

It really is shocking how out of touch the people who manage our money are. These guys have zero grasp of reality for the ‘little people.’ French Revolution vibes. Just let us eat cake.. ey Larry?

[@scotttaylor9133]

Oh yeah, my favorite was Peter Schiff talking about how owning real estate wasn't a good place to put your money (speaking to the masses). For the VAST majority of people paying of their house is the first step they'll make toward any independence. It's that they're wildly out of touch. When you have 4 houses (or are pretending you do) just buying one more house isn't a great use of money. If you own ZERO houses paying off your house is definitely arguably the smartest thing you can do, or at least should be a heavy focus financially. I don't think these guys know how out of touch they are or how ridiculous they sound to the average person, or how horrifically idiotic some of their advice is from this side of the income spectrum. Schiff was just shilling though, he was selling a dream, probably has been for a while

[@evacody1249]

No you have zero grasp on the fact that Social security is dieing and needs to be fixed. Put money I to 401ks, ROTH, etc. The government can't touch that money. Do the same with social security. Break it away from the government into another personal investment. Other wise if all you are going to do is fall back on social security that's a you problem when you have no money.

[@GaryNicka]

As a soon-to-be retiree, keeping my 401k on track after a bumpy 2022 is a high goal. I've read about investors generating up to $250k ROI in this present sinking market; any suggestions for increasing my ROI before retirement would be greatly appreciated.

[@AmithKaury]

Yes, you are right. it's been a brisk tailwind for investors in US stocks over the decades but it is still a delicate season now, so I advise you to consider the guidance of a financial advisor.

[@Jamesjerome0]

A lot of folks downplay the role of advisors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.

[@Jamesjerome0]

Her name is 'MICHELE KATHERINE SINGH' She maintains an online presence. just make a simple search for her name online.

[@donovantobs]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?.

[@Jamesjerome0]

“MICHELE KATHERINE SINGH’’ is the licensed fiduciary I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@TexasRiverRat31254]

People that sit on their a*s in climate-controlled comfort can work longer for sure BUT...those of us that worked physically in the skilled trades are worn out at 65. Yes, that was a choice I made because I enjoyed building the things that kept electricity flowing and the computer chips that allow Larry to "manage" money for others to his extreme benefit. He'd love to privatize social security and everything else so multi nationals can control it all.

[@scotttaylor9133]

yep, and realistically, by around 75 most people are too worn out even for very light work. Age is NOT just a number!

[@brichard9485]

65? You must be a peasant! Many government workers are retired around age 40! Bullying the public to steal fine money, shooting their dogs, and beating them where is you out you know! By the way, will need to increase your taxes again to pay for their relaxation....

[@AroundSun]

Well, to be fair, think about how much better social security would look had it been privatized and every dollar of it been invested in the S&P 500 or a government employee pension fund since the day you started working. 20-50 years of gains and compounding interest. Millions of dollars. A Much better picture than what it looks like today....add 401k + match or Roth IRA funds to the same pot and everyone would be able to retire. The government ruined it for us and stole it.

[@weirdshibainu]

Wise up. Even those you claim who just sit are often the first to go around age 50.

[@evacody1249]

Oh no private social security that the government can't touch and which will like 401ks and ROTH IRAs let you stop working at age 65. Run for the hills.

[@PE773]

For the past 25 years Gov & Corporations have created the conditions for the problem. Paper Ceiling, Mass layoffs, outsourcing overseas, low wages, ect,.

[@truthsayer9534]

It only takes $200/month to be a millionaire by the time you retire, but you have to start early. That’s an AVERAGE, of course. As you get older you’ll likely be able to afford more per month.

[@xx133]

Blame capital owners not government. Government is a machine/tool, the issue is that under our economic system it’s controlled by people like him. If working people were in control of the government, none of this would be happening.

[@xx133]

@@truthsayer9534well, that shows you how dire the situation is. People don’t have $200 to spare every month. Also, it doesn’t work that way under macroeconomics. If stats came out that people were saving an additional $200 per month, landlords could increase prices, grocery stores would price gouge and inflation would skyrocket to correct such an aberration. Sound familiar? People like Fink control the valuation of the dollar, and wealth redistribution. They’d never allow the U.S. population to be economically independent, it would mean people wouldn’t have to put up with poor working conditions and pay-they’d be able to go on strike, and have more democratic control over society. They need the population to be desperate in order to maintain existing power dynamics.

[@truthsayer9534]

@@xx133 $200/month is obviously an AVERAGE. When you’re young it’s lower, then you start making more money and it’s more than $200/month. The government already takes 6.2% of your check for social security. If they invested that in a market index fund instead of the measly

[@truthsayer9534]

@@xx133 I don’t buy that people can’t find $200/month in their budget of cigarettes, Starbucks, iPhones and ten different streaming services. That’s about $6.67 per day. I don’t buy it. You have to want it or you’ll always be poor.

[@Dragonfly657]

Larry Fink take a hike

[@Danybella]

🤣🤣🤣🤣🤣

[@WASIMSk-w3q]

I recommend everyone to find the forbidden book titled blackrock secrets; it goes deep into all of this, and it changed my life

[@alr9967]

Larry Fink has a surname that fits him perfectly

[@valdomero738]

That's extremely antisemitic. Do better.

[@alr9967]

@Valdemoro. Not even close. Are you stupid?

[@Stoneface_]

@@valdomero738 lmao🤣🤣

[@steelwing7532]

Finkleberg?@@valdomero738

[@SeosamhMacUaid]

@@valdomero738 I have no clue what that means can you explain the comment, also is there an equivalent term for Christians and Muslims? who are all Abrahamic bothers and sisters.

[@knuteboy3778]

This is the modern day equivalent of Marie Antoinette's infamous quip "Let them eat cake."

[@wyrdflex5863]

I feel like this man doesn't feel very responsible for the shit that comes out his mouth.

[@thomasdaley2929]

He's the guy that invests in Apple which pushes us to buy a new Iphone every 2 yrs. The rich are 2 faced as they need us to spend yet they want us to save. Well, which is it. If we don't spend the rich cut our jobs and find an engineer who can do the work without us. Its a catch-22.

[@fhdhcjshf1288]

We Millennials struggle to pay down mortgages, meanwhile China tries to artificially bump housing prices, and then Larry Fink tells us how liberal capitalism is the best economic system ever.

[@MarkMark-ji6ts]

Larry Fink is a WEF acolyte so "you will own nothing and be happy" plus you can work until you're 90 years old. Thanks Larry!!

[@cordellscott]

FLF

[@desiv1170]

Yep, nothing says "purpose" in life more than being a Walmart greeter into your 70s because you can't afford to do without it...

[@scotttaylor9133]

🤣

[@Cenlalowell]

If you didn't plan your business youll be there

[@vitalityfox]

@@Cenlalowell your attitude is part of the problem

[@evacody1249]

And that is on that person for not putting money into retirement funds and using just social security. Why are you people so fearful of personal retirement accounts?

[@desiv1170]

@@evacody1249 What do you mean, you people? (Sorry, saw Tropic Thunder again recently and LOVE that scene.. ;-) Anyway, it's not a question of being afraid (well, for some I'm sure it is)... I think it's a question of education. A lot of people aren't aware or don't have correct information (there is some terribly bad info about personal retirement accounts out there). I do agree, personal retirement accounts are critical!!!

[@drewbny78]

people who think like him is why we have wealth inequality

[@magic_fruit_bat5003]

Work until you die. This guy bitcoins

[@kimberiysmarketstrategy]

You can small buy bitcoin now too. Do the 2% rule. If you make 100 a month, put in 2$. Anyone can start.

[@truthsayer9534]

Just $200/month is all you need o be a millionaire if you start young. I’m going to retire early. It’s just math.

[@Dantursi1]

Retirement becomes truly fulfilling when you possess two essential elements: ample financial resources and a meaningful purpose in life. Make prudent investment choices to secure good returns and ensure a comfortable retirement.

[@Pconradsmith]

Rising prices have affected my intention of retiring at 46, working part-time, and building my savings. I'm worried about whether individuals who weathered the 2008 financial crisis found it less challenging than my current situation. The stock market's volatility, coupled with a reduced income, is making me anxious about having enough for retirement.

[@Olsontim21]

I completely agree; I am 56 years old, recently retired, and have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is genius!

[@Aarrenrhonda3]

g mind sharing details of your advisor pleas? i've started gaining more cash flow with my employment and looking at putting money into stocks towards retirement

[@Olsontim21]

'Melissa Rose Francks' covers things like investing, insurance, making sure retirement is well funded, going over tax benefits, ways to have a volatility buffer for investment risk. many things like that. Just take a look at her full name on the internet. She is well known so it shouldn't be hard to find he

[@Aarrenrhonda3]

Thank you! I entered her full name into my browser, and her website came out on top. I filled her form and i hope she gets back to me soon.

[@75blackviking]

I watched the whole thing, waiting to hear the word, "eugenics"...

[@fredschnerbert1238]

*He's not Woodrow Wilson*

[@Northstar.131]

oh I think I did

[@realscotthogue]

MAID

[@xx133]

This is the comment I was looking for.

[@amariner5]

I disliked Blackrock decades ago when they destroyed the company I worked for in 2000. But, seeing Larry Fink reminds me of what garbage these fake "investors" are. Screw this guy.

[@SamuelGriffin]

H is literally Evil.

[@peterbedford2610]

He has so much in common with the average American. 😂

[@id10t98]

I saw him at Home Depot the other day buying a new flapper for his crapper, some 2x4's and bags of concrete mix.

[@plantsplantz2116]

He want us to work even longer...when he has enuff dough to retire like right now😅 France protest raising the retirement age 😢

[@fredschnerbert1238]

@@plantsplantz2116 *Well, WE already DID that in the 1980's, and the reality, is that's the only way to pay for it!* *Average age of death was 60 years old in 1940* *But full retirement age was 65 THEN!* You would either need to double or triple the taxes paid for it, or raise the retirement age* *Math and Accounting are zero sum games*

[@timcasady4750]

Best sarcasm yet

[@dacianbonta2840]

@@fredschnerbert1238 "the years of man 70, and if for reasons of strength, 80." So no, retired workers died about the same age (75) as today, since forever, you corporate toady

[@nate_8403]

We should listen to this guy, and do the opposite

[@fruityboy6885]

Imagine if everybody did the opposite to what people like Fink want us to do. Their system would crash in front of their eyes.

[@herogebrial]

Exactly. He has no moral high ground

[@williamzame3708]

Privatize our airports, privatize our ports ... this is a recipe for utter disaster.

[@jwbjpb1338]

He’s 100000 percent wrong.

[@djmartens123]

Oh yeah because privatizing essential services has never turned out bad in the past.

[@BnibroC69]

back to work everyone!

[@davewolfe2668]

A good long term investment is buying a home. Oh wait, you're buying up all the homes.

[@cordellscott]

Plus the gov can just take away your property rights as demonstrated during their manufactured plandemic and decided that tenants no longer were required to pay rent and the land lords couldn't evict them when they didn't pay. Who cares if the land lords can't pay their mortgage.

[@kathleen606]

Hey Larry- you're so committed to solving the shortage, let's see you and others like you put your money where your mouth is. Raise the cap to where you and your brethen have to pay in more!

[@johnsy9702]

Then tell me why you bought up bunch of houses that drives housing prices

[@thedude5040]

Market efficiency. Go to school

[@fredschnerbert1238]

*"Cash is Trash" during inflationary periods* *1980's speak* *Greed is Good* *Greedy investors force capital to items in demand*

[@johncoons1666]

You should be introduced to the school of knuckles.

[@SamuelGriffin]

Because Fink is Evil.

[@stephenlosch2015]

Hey Mr. Fink, the miracles of science and medicine do not help much when you do physical work in cold/heat, hazardous environments all your life. How about letting people that work where there is no retirement, no 401K. let them contribute more than the $7000 per year IRA, or Roth or traditional. America is a shit show

[@shawnebeal6863]

I am a baby boomer in the financial services industry. While I can work longer if my health is good, and I will. Those in the construction field or manufacturing have had their bodies broken down by this type of work. We as a society must remember we need to take of these people they produce everything we enjoy, our homes, cars, food, etc., They may not be able to physically work longer.

[@knockschool]

I wonder if Larry will tell us about his Ukraine deal. ?

[@onlyfoural]

Work a 40-60 hour a week, for 40-50 years, labor work, not sitting behind a desk, see how your body feels, majority of manual labor workers will not live to 90, when we retired at 66, less then ten years we have severe medical problems due to our working conditions, lose your pension plan because the company file bankruptcy yet the CEO, CFO, VPS walked away with millions. All we have left is our social security. We did not have the option of not paying into social security and saving that amount on our own, work in my shoes and then tell me how you feel, the problem is you CEOs screwed it to older workers, screwed senior citizens now, yes, because of you we are in the poverty level

[@thomasdaley2929]

These clowns are working on the problem now because if things continue, the only people with the money to fix the problem is them. This is pretty much a now issue.

[@nancychilton2366]

Notice these guys never suggest eliminating the salary cap to fully fund SS

[@lawrencelipkin]

this💯

[@ThereIsAlwaysaWay2]

Asking the biggest thief's of American's money ..... how to fix Retirement is like asking a Pyroman how to fix fires.

[@jeremymeyer5552]

Biggest thief is still the government but good take.

[@Brayness]

Whose money has he stolen lol

[@villiamvankekem3693]

​@@Brayness The Billions that went to Ukraine for instance. Northrop, Lockheed, General Dynamics, Boeing, Raytheon.

[@JeDxDeVu]

The US government and the FED print money and tax you bud. Not BlackRock. You’re poor because you have a victim mentality not because of BlackRock

[@manwithballsonarm6775]

@@Brayness dude don't act like you know anything

[@ytj2053]

The jab will take care of a lot of the social security problems

[@fredschnerbert1238]

*That or the climate diet of meal worms, crickets and lab grown meat*

[@melodynyc1209]

All we have left is Social Security because we lost our pensions in 2008. Hands off!

[@truthsayer9534]

No, everyone has access to either a 401k, IRA or a Roth IRA. Why should taxpayers or corporations fund your retirement? I’ve NEVER relied on anyone else to fund my retirement. ESPECIALLY the government.

[@xx133]

@@truthsayer9534because we live in a society, worked hard for decades and made said corporations massive profits. We all pay into social security, and we all can collect, by the way. It keeps 2/3rds of the elderly out of poverty-not to mention the disabled and infirmed. It would actually cost society more to not have social security. Also, good luck recovering from economic crashes if a large part of the population isn’t able to pay their rent because it’s tied up in the stock market. It’s for that reason that 401ks have been a failure. The people that need them the most can’t get them, or don’t make enough money to fund their retirement accounts because corporations don’t want to pay them for the work they do. Therefore, at very least, a corporation is required to pay into social security. The issue is, capital owners have redistributed wealth (tens of trillions) to themselves by methodically undoing laws which were enacted following the Great Depression. Also, there’s a tax cap on social security. So it’s wealth redistribution to the wealthiest that is to blame for social security not being adequately funded. People like Fink want to privatize social security, because that means they’d have access to trillions of dollars of your retirement funds to buy stocks in their corporations. Eliminating social security also means that you’re completely at the mercy of corporations-for life. I recommend watching what life was like during the great depression in order to understand why your great grandparents fought for it tooth and nail, and why every industrialized nation on the planet copied said model.

[@xx133]

@@truthsayer9534​​⁠because we live in a society, worked hard for decades and made said corporations massive profits. We all pay into social security, and we all can collect, by the way. It keeps 2/3rds of the elderly out of poverty-not to mention the disabled and infirmed. It would actually cost society more to not have social security. Also, good luck recovering from economic crashes if a large part of the population isn’t able to pay their rent because it’s tied up in the stock market. It’s for that reason that 401ks have been a failure. The people that need them the most can’t get them, or don’t make enough money to fund their retirement accounts because corporations don’t want to pay them for the work they do. Therefore, at very least, a corporation is required to pay into social security. The issue is, capital owners have redistributed wealth (tens of trillions) to themselves by methodically undoing laws which were enacted following the Great Depression. Also, there’s a tax cap on social security. So it’s wealth redistribution to the wealthiest that is to blame for social security not being adequately funded. People like Fink want to privatize social security, because that means they’d have access to trillions of dollars of your retirement funds to buy stocks in their corporations. Eliminating social security also means that you’re completely at the mercy of corporations-for life. I recommend watching what life was like during the great depression in order to understand why a strong labor movement demanded it in the 30s, and why every industrialized nation on the planet copied said model.

[@xx133]

@@truthsayer9534test

[@tktimber418]

There is no Social Security trust fund. It has already been spent, and there are not enough people paying in right now to pay you your benefits.

[@RichardMoore-jg5tl]

Most Americans find it hard to retire comfortably amid economy downtrend. Some have close to nothing going into retirement, my question is, will you pay off mortgage as a near-retiree, or spread money for cashflow, to afford lifestyle after retirement?

[@RossiPopa]

as most investing-related questions, the answer is, it depends.. my best suggestion is to consider advisory management

[@RusuSilva]

Agreed, the role of advisors can only be overlooked, but not denied. I remember in early 2020, during covid-outbreak, my portfolio worth around 300k took a slight fall, apparently due to the pandemic crash, at once I consulted an advisor in order to avoid panic-selling. As of today, my account has yielded big fat yields, and leverages on 7-figure, only cos I delegate my excesses right.

[@FusunTumsavas-cq7tp]

Mind if I ask you to recommend this particular coach you using their service?

[@RusuSilva]

Monica Shawn Marti is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@FusunTumsavas-cq7tp]

I appreciate it. After searching her name online and reviewing her credentials, I'm quite impressed. I've contacted her as I could use all the help I can get. A call has been scheduled.

[@Chuck-H]

This is not a retirement crisis, it is an overspending crisis and Blackrock wants more AUM. Also most people will die at 80yrs (or earlier) and rich people need purpose because they have money.

[@02nupe]

It absolutely is a retirement crises. Yikes.

[@ColbyAzimuth]

Purpose-driven slave or life-driven explorer. Choose wisely. 🤟

[@amariner5]

So his solution is we work until we're dead? Wow I really want to write things that would get me banned. I'm 50. My Union, that I was in to get a pension, froze pensions in 2008. By that time, l wanted to leave, but it was the better pay that kept me in. It was never enough to get ahead. I'm committed to working until I'm dead.

[@natehighlander5227]

Fink and government people have never worked a blue collar job! I'd like to see how long they would live without their sweet lifestyles

[@xx133]

Not true, plenty of government workers work very hard. You’re referring to the politicians that people like Fink put into power.

[@kevr900]

@@xx133 give us one example of of a government worker who works hard

[@xx133]

@@kevr900 Postal Service workers.

[@manwithballsonarm6775]

​@@xx133postal service workers are not making decisions or getting money from rich companies to make decisions. You knew exactly what that person meant but you just wanted to be right about something something so bad you chose something this dumb. Congrats

[@Jack-kj1zu]

Asking someone who has been rich for decades about retirement and money problems is like asking a blind person to read you a book.

[@taylorvanallen4807]

He owns the dialogue. We’re being played people. Corruption at its best.

[@realscotthogue]

I have worked hard for my wife and i to retire comfortably, however my projections based on inflation, the blow up in government spending and the cuts now and coming in benefits, the uncertainty of Social Security, I now think i will have to work as long as I possibly can.

[@jack7240]

Bitcoin is a flight to quality - Larry Fink.

[@SamuelGriffin]

That’s one of the only true things Fink has ever said.

[@HammeringTruth]

Hey Larry, Life expectancy in the U.S. is decreasing.

[@priya12378]

Larry sir great to listen you I see great caring person in you who cares about your country citizen. May Jesus gives you more power to help your country grows.

[@yamchayaku]

A billionaire wants people of the working class to keep working until they literally break from old age... Shocker...

[@peoplearecrazy1798]

The younger kids now will live no where near 90 with the obesity rates. In fact, the projections are really sad for their lifespans.

[@wlmsears]

He talks about the $34 trillion dollar deficit, but he should have used the term 'debt'. The deficit is the annual difference between inflows and outflows, while the debt is the total accumulation of those deficits over time.

[@maxshiraz3447]

Social security is the problem not the answer. If people could invest the 12.4% paid as SS taxes into a private account and have that grow over their lifetime, there's their retirment savings. Instead, people are forced into a ponzi scheme and may get a pittance in SS payments

[@Quantitative_Teasing]

Exactly!!! That’s what they do in New Zealand and Australia.

[@Stoneface_]

@@Quantitative_Teasing where do they invest the superannuation fund? Because Australia stock market have massively lagged the US market.

[@scotttaylor9133]

The fearmongers won't allow it. They've got that money rolling in and they use sunny projections to play up what the benefit is worth, and then scare tactics that any other alternative is so inherently unsafe that you'd be a fool to trust it. Buffet trusts it. EVERY remotely rich person I know trusts it. But not for us, we're the peasants who can't be given any choice. They should offer an opt out and put that Soc sec money into an IRA, 401k rollover, or something as an option. The little people are adult enough to be slammed in jail when we're bad, we're also adult enough to make our own decisions about what works for our future. But that all misses the point, it's a honeypot for government spending; that's why social security cannot be allowed to go away.

[@Quantitative_Teasing]

@@Stoneface_ my point was even if you saved that in cash deposits it would serve you better than it being in social security where it gets socialized in a pool of funds and they decide how much you get once you hit a certain age.

[@aolvaar8792]

@@Quantitative_Teasing Who will pay for poor retirees, (who get 90% of their AIME)? A portion of middle-income retirees benefits currently do.

[@fsquared8663]

NOBODY RETIRES!...PROBLEM SOLVED!

[@toddtheisen8386]

Rich city folk problems. At 57 years old, my body is worn out and failing from 40+ years of physical labor to allow other Americans to live their modern lives. This guy wants me to keep working another 20 years when I do not believe he could my chemical plant job for a week.

[@tophermcquade]

I'm retiring at 59 years old! I'm going to enjoy my savings and my life! I'm going to see the world and not die working.

[@theowenssailingdiary5239]

Establishment dude advocating for more lemmings for longer. Anyway regarding Australian retirement system-called 'superannuation'. We have around 12% of our wages automatically directed into our 'super' funds at a 'discounted ' rates of 15% tax. On top of that we can voluntarily contribute extra (27k PA) also taxed at 15%. Good tax savings there. We can choose our own fund/investment style, or we can manage our own super (conditions and rules apply). Generally speaking we can't withdraw super until 60, at which time it can be used tax free. Not sure how this compares to 401k and ira's etc. 12% contributions are compulsory btw.

[@sinjinadams2862]

Working longer is much easier for white collar workers than it is for blue collar workers. Manual labor takes a toll on the body. It's the blue collar worker that really needs social security. Many white collar workers do not. So this idea that people who work hard manual labor jobs can keep doing them into their 70's and 80's is ridiculous. Yes, if you have a cushy white collar job wearing a suit sitting behind a desk, you can easily do that until you drop dead.

[@thesauce669]

The government should stop all the unnecessary spending, stealing from social security, and $$ printing which is driving inflation.

[@Quantitative_Teasing]

Yah I’ll work longer too if I was coining whatever he’s getting per year. It’s astounding how detached these people are

[@BeyondMatter-k1v]

Action speak louder than words. His body language is revealing him. What glitters is not always gold. His choices in his actions are available for anyone to search. Of course a coin has 2 sides, which side is he pitching to sell. And what are you buying into. There is a saying, ask questions, lots of them, and that pit in your gut will never lead you wrong. The answer will reveal itself doing some introspection on what you want to buy into. And who is this "we* when he says, we have to have these conversations. Also the debt he speaks of. He never ask the tax payers if they wanted a say in paying back the reckless spending created by others in positions. Read between the lines, and ask what he is not saying. As his actions align for his benefit. Anyone watch? He sure did a few misdirects in his answers. Watch the movements of his body language. They say a lot. Most conversation is not the words, but the actions of the body. We're trained to listen, but we can learn to be keen observers to the subtleties within the conversation. What roars is not always the king of the jungle (or a lion).

[@yttean98]

His job is NOT to Solve the Retirement Problem, his job is to apply his Ethical Business appropriately for the benefits of the public communities and not just to Maximise profits at all costs, there had been many reports of his company's unethical business practices.

[@robbybroon4904]

The thought of retiring at 40 with 50 years ahead of me….is wonderful. No “average person” wants to work to 70.

[@jb6278]

I know most of you on this thread may not like him but he's not wrong! we need to re-embrace our Capitalism and stop acting like we're a socialist country or acting like we're victims all the time. I understand you can't help it because it's your central tendency to do so (Millenials/Gen zs) but we need to recreate the greatest economic moment this nation had again for our children's sake and to preserve America as the #1 nation in the world.

[@timallison8560]

there is no secret on making america strong by treating its people better. move the retirement age DOWN not up. take it down to full retirement being 60 years, with 80% at 58, and 60% at 55. mandate federal retirement at 60, and in general create a cultural awareness that people need to retire at 60. this will provide for the first time HUGE NUMBERS OF AVAILABLE UPWARD MOVEMENT IN AMERICAN COMPANIES, which will stimulate young people back into traditional work reducing the gig economy. pay for this by a 25% reduction in military spending. with advancements in technology, simply put, we do not need the numbers of equipment and people in our military that we needed 20 years ago. lastly, incentivize immigration by prioritizing immigrants that complete healthcare and transportation training. when these immigrants complete five years of service in these careers, they should be fast tracked into naturalization and citizenship.

[@justaguy-69]

after taxes and social security and food expense and water bill and rent and electric bill and car ins. and gas i cant save anything... its SS or die when i get old.

[@fredschnerbert1238]

*Depends, after finally getting a job my degree was for, started making 60K in 2000.* *Employer paid a 5% match, so I had10% "pre tax" salary go to their 401K* *SO sending $600 a month(PLUS $300 from employer) to retirement, AND my TAKE HOME pay barely changed!* *I was single with no dependents and no house* *Lowers your tax bracket, and the amount taxed*

[@dzcav3]

Larry Fink: We need people to invest more in their retirement plans run by Blackrock for ESG purposes. And we need more private funding of infrastructure run by Blackrock for ESG purposes. GIVE MORE MONEY TO BLACKROCK FOR ESG PURPOSES!!!!!!

[@herogebrial]

So basically he wants more of our money? These people smh

[@Mask-pb3ly]

"We all need purpose in life"👍

[@Fitness_Animal-rt1ki]

If i would be BlackRock CEO, i woldn't mind to work until 80 yo

[@beng4647]

The lower class dies at 55 and doesn't come close to retirement.

[@ed-gn6kl]

Careful not to criticize this guy. Bloomberg considers him Jesus Christ himself and will delete your comments

[@DonG-1949]

there is not a single comment here that isnt trashing fink bruh

[@AroundSun]

If SS were paid back and that money was invested in the S&P500, or worked like a government pension plan, everyone who actually worked would be fine. That is all they would need. 40 years of gains or pensionable incomes and there would be no issue. The system was robbed.

[@erichuber10]

I can’t believe he is confusing deficit with debt.

[@dilholepickle]

Start following this man's kids and wife. Never let up.

[@deepaksubramony5438]

Sure, let us take the SS trust fund and gamble it all in the stock market casino LOL. There is a reason why the Japanese and the Europeans keep their savings outside the market ... Because it works!!! If your savings rate is high enough, you can AFFORD to take on lower risk and higher certainty. It's only when you are NOT saving enough that you need to put your savings into stocks in the hope that magically your meager 3-4% savings rate will balloon into a multi-million dollar retirement nest egg.

[@AYVYN]

Very dumb analysis Deepak

[@MrsWhite-jt1gw]

It has to go back into the Ponzi scheme deepak, so CEOs and stakeholders can continue cashing out their $100M yearly cash-outs and stimulate the economy and help companies to grow, allegedly. China has the highest savings rate which hinders their economy cause they don't recirculate it as much.

[@lejontajones]

Thanks for your change of heart ❤️

[@Iamjoserios]

If you stop buying all the houses then the rest of us mite have a chance to retire before 3045. 😂

[@seaarebee5417]

Meanwhile most corporations outsource to avoid funding benefits and 401K contributions..

[@timwalter6795]

Would you buy a used car from this man?

[@ASheepNoMore]

Heck, NO!!!

[@peoplearecrazy1798]

This guy is a big reason inflation is an issue. His company is buying up housing pushing up prices and then charging stupid high rents. He needs to realize manual labor jobs cannot be done forever.

[@DreamweaverShade-h9p]

Since we're approaching April, one of the best months to buy stocks. I am currently holding north of $300k in a savings account waiting to invest in another huge opportunity.. Where would you invest this as of now?

[@MakeamericaGreatagain-h7j]

Look for stocks that have paid steady, increasing dividends for years (or decades), and have not cut their dividends even during recessions. Alternatively speaking to a certified market strategist can help with strategies to hedge losses

[@Damncars456]

Agreed, my portfolio is well-matched for every market season yielding 85% from early last year to date. I and my advisr are working on a 7 figure ballpark goal, tho this could take another year. IMO, financial advisors are the most sought-after professionals after doctors.

[@Tsunaniis-j5l]

Your CFP must be really good, I hope it's okay to inquire if you're still collaborating with the same CFP and how I can get in touch with them?

[@Damncars456]

[@Damncars456]

She goes by ‘’NICOLE DESIREE SIMON’ I suggest you look her up. To be honest, I almost didn't buy the idea of letting someone handle growing my finance, but so glad I did.

[@jeffkuperus4400]

He is right if we live longer either we have to work longer or safe/invest better so we can retire early. As the youngsters now say FIRE Financially Independent Retire Early. Starts at kindergartens

[@Yewbzee]

So on one hand he’s saying let’s lower the national debt with inflation and on the other encouraging everyone to increase their savings. That’s the engine of wealth transfer right there folks.

[@fredschnerbert1238]

*You can either inflate your way out of debt, OR Grow your way out* *But the GDP growth has to be 5+% plus* *The FED will get nervous and Raise rates to stifle the growth to AVOID inflation* *EVERY TIME* *They were at 0% for six years under Obama, but growth was still only 2% or lower* *After the 2017 tax cut, I don't think POWELL even WAITED to see any inflation, before he started jack the FED rate* *2021, he was asleep at the Wheel*

[@dracovenit9549]

Also the fed does not own airports or ports. The ports are owned by all kinds of people, including foreign firms. The airports are mainly state or local govt owned.

[@m.hosamsabry7389]

BTC solves all of this Sh***

[@slick3996]

Larry loves to hear himself talk, with that much power, who wouldn't

[@69pepe420]

Bitcoin solves the retirement problem

[@crystalseth97]

I hope they will figure out how to make Bitcoin a never ending dca through taxes retirement machine

[@Stoneface_]

​@crystalseth97 you can buy the ETFs

[@crystalseth97]

@@Stoneface_ potential stock market crash worries me too much to simply throw my savings there:(

[@citizenpunx]

@@crystalseth97 if you’re young corrections are irrelevant

[@Stoneface_]

@@crystalseth97 if you've like 20 years from retirement, you shouldn't worry about market crash, You can always average down by buying the dip.

[@Ravencroft81]

People live longer, but don't stay young longer. These corporate big cat rich people need to let that sink in.

[@kyliepechler]

Yes, the big elephant in the room he ignored was the large number of various physical health problems older people suffer from. Not everyone sits at a desk all day for their job. Many manual labor employers won't want to hire older workers who are really slow at the job.

[@Ravencroft81]

@kyliepechler They'll argue when you're too old to lay brick, be a soldier, a cop or a fireman, you can transition into an easier job, like greeter at Walmart. These guys aren't kidding.

[@HJM49125]

...just buy BTC and Hodl

[@Stoneface_]

It's going to zero 😂😂