Retirement's Harsh Reality

[@Raymondjohn2]

I'm not kidding when I say that the market crash and high inflation have me really stressed out and worried about retirement. I've been in the red for a while now and although people say these crisis has it perks, I'm losing my mind but I get it Investing is a long-term game, so focus on the long run.

[@hermanramos7092]

I can’t focus on the long run when I should be retiring in 3years, you see I’ve got good companies in my portfolio and a good amount invested, but my profit has been stalling, does it mean this recession/unstable market doesn’t provide any calculated risk opportunities to make profit?

[@martingiavarini]

There are a lot of strategies to make tongue wetting profit especially in a down market, but such sophisticated trades can only be carried out by proper market experts

[@bob.weaver72]

I agree, my profit has been consistent no matter the market situation, I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2020 this time with guidance from an investment adviser that was recommended by a popular economist on a subreddit, long story short, its been 2years now and I’ve gained over $850k following guidance from my investment adviser.

[@hermanramos7092]

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is this investment-adviser that guides you

[@bob.weaver72]

Definitely! All of this happened in less than a year after Natalie Lynn Fisk told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

[@violetgruner707]

You absolutely need to have your home paid for. Also be in good health as drug costs are high. Never use your credit card, try to pay in cash. Then maybe you can escape poverty.

[@Dobiegal]

If you noticed, there are HUGE apartment buildings going up EVERYWHERE. Communism detests private property ownership.....

[@rexbranzuelajr7471]

I am 77 years old I had a manufacturing business for 37 years in California . I lost my business during the 2007 2008 USA down trend. I found myself single and retired at 65 and broke. I was on line with a girl from the Philippines and decided to move at 65 years old to a new country and start over. Things have turned out great I still get my SS but the exchange rate is 51 to 1. The goods exchange is 4 to 1 and labor is 15 to 1. So my SS is 4 to 15 times bigger here. The Filipino people’s second language is English and the people are so warm and friendly. So I live upper middle class here with a house keeper and have two small sons one 6 and one 10. We live well and can save money here. I don’t know how we would make ends meet in the USA. There is light and a good future for us retired Americans but not in America. I am so blessed and so happy here !!!!! Medical is high quality and cheep much more organic food in the open markets. Good weather all year. Swimming at Christmas parties this time of year.

[@mylesgray3470]

rex branzuela Jr I plan to retire early and move there. I’ve visited manny times. It’s a big risk to move overseas but it’s a big reward!

[@garyalan5156]

this sounds great. might have to move there in a year or two.

[@tvang2039]

I’m happy you were able to find your paradise, I hope your housekeeper will too!

[@BigRed2]

Edgar the corgi lol the guy is an idiot, says he owned his own business for 37 years and is broke ? lol yah ok, and you get SS ? How is that possible when you weren’t paying into it most likely ?

[@aniwee17]

You hit the jackpot. Congrats!

[@vtech920]

I'm not the typical Millennial, I work full time, don't live in my parent's basement, have zero student loan/ credit card debt, I own my car, and I also have Tens of Thousands of dollars saved up. Hard Work and determination in the last 8 years are paying off. I don't eat out, cook all my meals at home and I only shop at used stores. I make about $80k a year,.

[@imonlyheretoarguewithidiots]

You're more typical than you think. Millennials get lied about a lot. As a fellow millennial, this all sounds pretty normal to me. It's harder now than it used to be, but still doable. You make above the median which is great, so just keep doing what you're doing! As people get dumber, you'll stand out more as you hit your 40s and 50s.

[@schawnettarobinson8584]

Are you happy?

[@schawnettarobinson8584]

Did you have any fun?

[@imonlyheretoarguewithidiots]

@@schawnettarobinson8584 and how many scratch offs have YOU bought this week? 😂 Are you having fun with your 27% APR on the 2012 dodge Challenger? Fuck outta here.

[@vtech920]

@@schawnettarobinson8584 I'm a frugal person now, I wasn't always a frugal person. Now I'm happy when I don't spend money, unhappy when I spend money. I've made myself become the person I am now after being 30k in debt. I promised myself that I'll never be in debt ever again. Yes I'm happy now not having to worry about being in debt anymore and not having to worry about not being able to pay my Bill's and not being able to afford to put food on my plate.

[@Dobiegal]

Maybe millennials should pay attention and GET OUT OF CREDIT CARD DEBT and quit wasting money on credit card phantom items. Like buying games/apps, subscription services like Dish, Netflix etc.. quit going out to restaurants. Cut those credit cards and pay cash.

[@GaMt13]

Stop buying New cars and taking expensive vacations. Not everyone even wants to retire, quit working and do nothing. When you complain about living in New York or California then keep electing the same crooks , no one cares any longer.

[@mecheckraise]

Amen. Speak it!

[@mecheckraise]

@Audio LIAR, LIAR, PANTS on FIRE!!!

[@lincolnpaul1814]

Chris Chen by all means keep electing honorable people like Trump. We want fine dignity in the White House

[@dc76384]

Here here

[@MySensualWorld]

People like you disgust me, there are millions of poor who don’t even have a car, or an old car that breaks down, and cost them even more money. Millions of poor people live in other states. Millions of poor, working class, and lower class don’t even take vacations., they can’t afford it.

[@freespirit6209]

Who on earth expects a livable pension after working only 25 years? That's from age 20 to 45. Retire in comfort at 45, when half the world is short of food? Really?

[@RoseGrace100]

I agree 100 percent. She retired way too early and she wants the rest of us that work until full retirement to feel sorry for her and pitch in for her to get Medicaid and reduced rent. Sickening.

[@hermanrogers1325]

Yep that’s right I did 45 years working every day

[@136760mas1]

My friend worked for less that 25 years and is receiving a living pension. 20 to be exact

[@dc76384]

Retired for city pension, and didn't save in all her working years. Shame.

[@aikirunner]

It’s not about how hard someone works, it’s about how you handle your money. Government workers have access to employer provided savings plans. During that 25 year career, you can save a good portion of your paycheck. I worked 30 years helping local government employees build their retirement security. Some people saved loads of money and some never wanted to talk to me. The folks that got started early and stuck with it never regretted it. Several had over a million in their account and a pension.

[@dennispatterson4998]

yes- it's not about how much you make- it's what you do with what you don't waste on cars- toys- ect.

[@branonlamphere9624]

If you didn’t prepare or even try, then it’s all on you!!

[@pujabelgian]

The posts are more interesting than the program.. our secret to survival is having lived creatively on less forever, and doing virtually everything ourselves.. quit spending, don't drink or smoke, stay healthy.. if you've got a conventional mindset, you're screwed.

[@winesipper9073]

Move to an affordable State , this is not a new concept, it should be part of a long term plan for all those reaching retirement and ensuring your monthly funds are adequate to enjoy your retirement without stress.

[@winesipper9073]

@Arrgox I'm originally from NYC, born and raised there until I joined the USAF, I wouldn't live there "Rent Free" after living in many other States and several countries, I can't comprehend why so many insist on remaining there after Retirement when they can save $Thousands yearly and live a cleaner lifestyle in Tax Friendly States....Big Cities are for the Full Time workers who are able to afford the lifestyle or willing to work multiple jobs to live there......In the mean time 2 Billionaires just abandoned NY and moved to Florida....

[@XR650L_GUY]

Alienate ourselves from our family huh ? Sounds like something a republican would say.

[@poodledoodlequilter6479]

@@XR650L_GUY If your family isn't help you are already alienated but sit around and wait for the Democrats to help

[@poodledoodlequilter6479]

@Mike Grayson I don't know if you saw my post but I lived near Boston my husband and I was so stressed out I couldn't afford to buy a house but I found one in Mississippi I was able to afford my husband has done much of the work but I understand your concern about your friends I hope they will be ok

[@poodledoodlequilter6479]

@Mike Grayson Thank you

[@orion3706]

I'm retiring about a year and a half before my wife, then getting another job. When she retires, I'm leaving that job, selling nearly everything we own, and moving to Florida, where the cost of living is much cheaper than where we're at now.

[@MBT372]

Not anymore….

[@SamTheManFL]

It isn't societies fault. These people had 50+ years to plan and figure it out. This is a result of people failing to mind their own store. No one else is responsible for your welfare but you.

[@pamelad3386]

Hello

[@jmwSeattle]

Social Security was never promoted to be a total retirement income!!!

[@thorpower1015]

And it was never intended to be stolen either fuck social security,. I was forced to pay it.

[@George-wx9dj]

We never expected our pension plans to be taken away either. These 401k plans aren’t guaranteed either. If a company files bankruptcy their creditors can take back the money that the companies contributed. There is nothing for the working man in the USA Today to retire on.

[@CT-bm9oz]

YES it was, but NOT for our generation

[@Berserk1Manga]

@@George-wx9dj it's not an excuse to not save anyway. I save like crazy in my own roth ira. Nothing through my jobs.

[@George-wx9dj]

@@Berserk1Manga This is true, but you have to make enough to pay your bills and other expenses first which didn’t leave much. A second income would really help.

[@raleighsanford5111]

First of all, I gave up about half way through, as they were talking about NYC. That place is NOT indicative of America. A lot of New Yorkers are retiring in different states, namely FL, and having no problem. Anyone New Yorker who wants to stretch their $, can retire in another state or Belize. All you have to do there is prove you have $2000 a month income, and you live there tax free. If you can't move away from family, then move in with family. If you can't afford to live in NYC, leave, and the you can't afford to leave argument doesn't work, because you can't afford to stay. I learned in HS back in the early 80s, that America is changing and I would be responsible for my own retirement 100%. Even after a divorce, in 2007, where my ex-wife got half, and the George Bush economy taking another third, my 401K still has a shot of reaching my minimal goal and only adding 2 years to my initial retirement age. True, I've been contributing 15% for quite a while, but I'm going to be able to retire at 67. It is slow and steady preparation, and some people never do it. if you get out of school and start a job that matches contribution up to 3%, then if you save 7% of your salary, then you are saving 10%. The stock market will get you 10 to 12% in the long-run, so you are doubling your money every 6 to 8 years. If you do this for 40 to 50 years, there is little reason not to be able to retire comfortably at 65.

[@ashleybosvik3031]

When your house and car is paid you can make it but that's it

[@Darkwell0071]

So at seventy I get Medicare that costs me 400/mo. Supplemental $ 200. Supplementalpart D. 4 $. 60 $ 660 plus copays $ 150/mo. Total $ 810/ mo for my free health care

[@nonewherelistens1906]

Whether people want to face it or not, retirement will result in lower income. That means where you live upon retirement may not be where you live now. Downsizing and moving to cheaper areas of the country have to be on the table. Lower income probably means less frequent luxuries unless you pick up a 'retirement job' which many seniors do for both money and worthwhile activity. In most of the undeveloped world there is no such thing as retirement. The Blue Zone locations except for Loma Linda have seniors who remain active and engaged economically and socially throughout their lives. Sometimes people need to examine how the other half lives.

[@mecheckraise]

I hear what you are saying but it looks like we should make over $300k a year in retirement after making less than $150k during most of our working careers. We will do this by significant passive rental income and reversing adding to retirement funds but withdrawing earning. When 78% of people live paycheck to paycheck and 6% of households are millionaires in the US there is only 16% of people in the middle. People need to QUIT doing what the other stupid 78% of people are doing!!! QUIT! You DO NOT need that new car. You DO NOT need a huge mortgage!!!

[@chicnoir29]

Most of the underdeveloped world yes but....America is the richest country in the world so...let’s compare ourselves with other first world nations.

[@jameswilliam8136]

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[@ursulasmith6402]

@@chicnoir29 no, China is.,

[@Essays4College]

Yeah but so many people when they retire just sit home all day. What do they need money for?

[@hermanrogers1325]

I am 66 years old and just retired 10-10-21 and I payed off my mortgage 3 years ago payed off my credit cards 5 years ago payed off my car loan 2 years ago and I am extremely satisfied and living fairly well

[@adriennemuhammad2807]

Well done! Good to hear such great news! It gives me inspiration as a 53 years old woman to remain debt-free and financially disciplined and work until they close the doors on me.

[@Magneto27698]

LEAVE NEW YORK!!!!!!!!!!!!!!!!!! 😔

[@hermanrogers1325]

Retirement should be debt free no mortgage debt no credit card debt and no car payment and no low property taxes

[@kingramseyii3686]

Quit living your best life and invest your money. Tired of this victim mentality!

[@antionygrilmady9044]

King Ramsey ii i was thinking the same thing i have contribute to 401K years now and i just started to invest in precious metals ( silver for now )

[@craigvogel2935]

It’s never ceases to amaze me how many single and older couples continue living in their 2 3 4 bedroom 2000 3000 square foot one acre homes With huge tax bills that are paid off I have a thousand square foot home with two empty bedrooms and a postage stamp yard that’s even to big for me at age 65 never mind the over 60 crowd driving around in 35 to 70 thousand trucks and suvs that they really don’t need the answer to a lot of the elderly issues is the inability to grow up and realize they aren’t 40 years old and it’s time to change their life styles sell that giant home and put the money in the bank for retirement get one older used car and share it just rent a small studio or one bedroom apartment maybe you can fit the rent into your social security payment rents to high relocate to a less expensive area the biggest problem is everyone thinks their going to live forever if your over 65 you don’t really don’t have that much time left to worry about If you really want to keep that giant home for whatever ridiculous reason rent it out or go Airbnb and live off that where there a will there’s a way there’s idiots who downsize move south and still buy a three bedroom home I just don’t get it

[@archangele1]

I know what you mean. It is an American thing. Everyone seems to think they need some 3000 + ft sq house even if it is just for two people. Myself, I have been looking at places in both Poland and Hungary and what I have noticed is that both countries have really nice 100 sq meter homes ( About 1000 sq ft) for around $65,000 - $100,000 USD. These are generally in the smaller cities and towns. I mean, you are not going to find cheap housing in and around Budapest or Kraków or Warsaw. But in smaller areas, the prices are more reasonable and these houses are generally two bathroom and two to three bedrooms. Yes, the bedrooms are smaller then some 1000 sq ft bedroom in an American McMansion. BUt how much bloody room does one need? There are alternatives and there are other countries as well as places in the USA where your retirement dollars will go farther then in New York or California. I have three friends who sold off everything and are now living in Europe. Two in France and one in Germany. They all love it. Oh, you can also buy apartments in Europe. A few people I now who live in the big cities bought their apartment. Myself, I still prefer a single family house and never warmed up to apartments or condos.

[@lilli9822]

Are they able to clean their house at that age?

[@archangele1]

@@lilli9822 hahahahaha Good one...

[@justrusty]

Same observation here. I have in-law living alone in a 3 floor house, not willing to sell and move to a smaller house for psychological reasons. My wife (her daughter) and I took a different approach: though we lived in our previous house for 20 years, we never got too attached to it. All along our plan was to someday move to a smaller (1 floor!) home at around aged 60, closer to family, which is exactly what we did. Not just the ease of taking care of a smaller home, we have smaller utility bills, lower RE taxes, smaller mortgage, less spent in gas (we're not travelling all the time to go "back home" because we're basically there now). Think ahead, people!

[@debbieframpton3857]

I've been divorced 20 years bought a much smaller house at that time and then 18 years ago I moved back to my home state of Illinois and I purchased an even smaller house 735 square foot two bedroom full finished basement it has a non-legal third bedroom full bath family room that's all I needed since I don't plan to remarry the only thing I owe is homeowners insurance real estate taxes and the usual utilities

[@debbieframpton3857]

My social security is 1069 a month I put 200 or that into savings I pay my utilities and that is what I have to live on for the month I think I'm doing pretty darn good my mortgage is paid for I have no car payment and I have no debt I have a small house of about 750 square foot plus full basement I live in Illinois so I don't think my real estate taxes are bad

[@tomj528]

Bad decisions all along including staying in a liberal mecca that drives up costs. Here's an idea, when receiving a pension of 40% of your salary, don't take social security early at age 62 and then complain about how you aren't getting "enough". On top of that, don't retire with a mortgage. Maybe if these retirees had lived a little "poorer" all along they'd actually have savings and investments. Just to put things into perspective, my wife and I are living on a bit under $24k/year not because we have to but because it gives us more than we need. Of course we wouldn't go near NYC much less live there. In our late 40's we've got retirement covered and then some.

[@Angel-nu7fm]

Yes, living within your means is a lost concept....I had a broke friend making 7 bucks an hour who "liked" driving her gas guzzling truck rather than buy a little used Honda....some folks have created their own situation and expect others, usually those who HAVE saved money, to bail they spendthrift asses out....

[@tomj528]

@@Angel-nu7fm Exactly! I also have a truck but only drive it when I need a truck. It's 14 years old with a little under 50k miles and I'm going to keep it for at least another decade.

[@notanomad9320]

tomj528, amen! I'm waiting until 66 next spring to retire and collect SS. That way I have the option to go back to work if I want and not be penalized if I work fulltime. Our house was paid off years ago when our kids moved out and our expenses dropped. At the same time we upped our investments and I maxed out my health savings account so I have something to cover copays. My wife and I never made a ton of money but we always lived well below our income. It's more discipline then anything. Take care!

[@tomj528]

@@notanomad9320 Great job! Enjoy a long and well deserved retirement.

[@AKAKiddo]

I'm 62 now, my Filipina wife is 42. And we have 4 year old son. Spent most of 2018 in the Philippines. Came back to do my taxes, see the kids, and apply for early SS. Going back next year. I feel like I'm 40 again. Forget AARP. Forget health insurance. For less than one months premium here in the US you can stay in a private room in a private hospital for two days in the Philippines. I thank my X every fucking day.

[@larenaperuelo4483]

That's very nice. Filipino women are loving and caring. Welcome to the philippines

[@michaelashcraft8569]

I, and my wife both have catastrophic illnesses, but, we have to raise my great niece who's mom died from drug overdose, she's never even had a Christmas!! No pity, just pray for us!

[@KibouKunny]

please ask for help on her husband and their parents

[@offgridjack5779]

Michael Ashcraft - Can you move to the Philippines like another poster mentioned??

[@bwilly4503]

Talk to your politicians about healthcare! (Its a basic human right, the US looks like idiots because they dont have this!)

[@freespirit6209]

Good luck Sir, from the UK. No one can plan for things like that.

[@codyco3199]

Imagine 20 years from now. Young people today are not saving at all. We shall see how this pans out.

[@Teamster83]

@John Smith bs

[@kinnish5267]

I'm 65 and after 65 years on this earth if you can't save enough money for a modest retirement, it means you been blowing your money on crap

[@edwardwest4187]

What crap? Do you mean, food, clothes, and a place to live.

[@lincolnpaul1814]

Kinnish maybe, but young people starting out today cannot

[@CLdriver1960]

How about encouraging the 35 to 55 crowd to take responsibility for themselves and actually plan for retirement? Oh! It’s the government’s responsibility...🙄

[@BigRed2]

yup people are idiots and love to go on big vacations every year and buy a brand new car every 3-5 years, Finally making out my wife’s ROTH 401k now and we are only 33 and have been planning our retirement for past 10 years lol

[@edwardwest4187]

You have to make it to save it, and employers ain't paying it.

[@CLdriver1960]

Big Red Good on you! It takes a little bit of self discipline to save but the payoff down the road is tremendous. Im 59 and will be retiring comfortably next year. Keep up the good work!

[@CLdriver1960]

Edward West Unfortunately, many of my friends made that same cop out excuse, all the while buy s**t they couldn’t afford. They will probably need to work until they die. Pls do not go down that road. It doesn’t take a lot to start: you need to start saving now, and be consistent. This is a ‘your responsibility’ problem, not employers’ nor governments’.

[@mecheckraise]

@@edwardwest4187 just save $200 a month your life and you are a millionaire. If you did not then it if your own fault.

[@peterpoutypuss]

Betty Davis once said: Old age ain`t for sissies!! Boy was she right! I am in CONSTANT pain, the cost of living is way too high,and things will only get worse! I am loving my so-called GOLDEN TEARS!

[@GBU61]

I saw the writing on the wall and moved to South America. I live better than I ever could in the states and medical care is actually affordable. My suggestion to seniors is learn Spanish and leave before it is too late.

[@kristiwilkerson8947]

Good advice!

[@tomj528]

With over 40 years to save and invest, it's hard to feel sorry for these seniors. Now it's 2020 and the wealthy are fleeing NY so just whom do you think is going to foot the bill for all of these social programs these poorly prepared seniors are using? Ms. Salmassi is the perfect example...she most likely took her pension early, reducing the amount and then took social security at 62, doing the same and then complains about the lowered amount. These seniors have the exact retirement they planned for, a poor one. Learn from their mistakes and live well below your income, save and invest as though your future depends on it as it surely does.

[@sinebar]

Well you better get ready because eventually they are going to raise the Social Security payroll tax to secure the trust fund and you going to pay more. Personally I hope they do because I want it to be there for me when I retire. It will be nice supplemental income to other retirement resources I'm building while I work.

[@tomj528]

@@sinebar Sorry, but that's your tax burden to bear, not mine. I'm glad to hear that you're preparing for a decent retirement. Cheers!

[@CLdriver1960]

How are your parents doing? ...and how about your grandparents? My grandparents lost their home during WW II while raising young children. My parents immigrated to this country without speaking a word of English. They raised my siblings and me, and instilled in us a sense of hard work and self reliance. These traits my bride and I have passed onto our children, and hopefully, our children will pass onto theirs. How are my parents and grandparents doing? They did very well with what little they had

[@poodledoodlequilter6479]

I lived up by Boston everyone I knew was broke, stressed, etc I cashed in my 401K paid all my bills off moved to Mississippi paid cash for a house that needed some work etc is it perfect no but I know all my neighbors I can sleep at night and we have met a lot of nice people New York etc isn't the only place to live also I don't have to go get any kind of government assistance

[@sunnyd4734]

Where in Mississippi? I live in Dedham, MA. Too expensive!

[@poodledoodlequilter6479]

@@sunnyd4734 Florence Mississippi Rankin County

[@XR650L_GUY]

I believe GREED has done this to America. I'm planning to retire to the street, homeless. It's either eat and live or pay rent and starve.

[@speteydog2260]

Hope you don’t live on the street. 😑 going to a small town may help. Housing is a lot more reasonable there. Like Americus Ga or Gadsden AL.

[@mecheckraise]

@@speteydog2260 I rent places near Dallas Texas VERY cheap.

[@SamTheManFL]

People have 50+ years to plan and figure it out.

[@ariefraiser140]

The lady with a pension said she received a pension that paid her 40% of her salary after about 25 years of work. She said she couldn't afford to live on that, so she waited until 62 when she could start receiving social security also. Now, social security pays about 40% of your income at full retirement age of 66 for her, but you get less per month if you take it early at 62. About 30% less so she would be getting about 28% of salary from social security at 62. 40% from pension plus 28% from social security equals 68% of salary. But remember, she said she decided to wait and retire later at 62 when she found out she would only receive 40% at whatever early age she wanted to retire, so her pension likely increased some. Maybe 5%. So I'm guessing her total take-home between pension and social security was above 73% of final salary. That's a damn good income replacement when you consider you don't have to pay social security or medicare tax which is about 10% of salary. Nor do you have to save for retirement anymore. Most pensioners are required to put a certain amount of their salary into the pension pot. Maybe 5%. I honestly don't see how she's crying the blues when she has a pension that pays 40%+ of salary plus social security, and most retirees either don't get a pension or they get a much smaller pension.

[@MyWasteOfTime]

Umm, pay your house off before you retire???

[@jonathanjacques7250]

Definitely move to a cheaper state!

[@sunnyd4734]

Definitely! I am moving OUT of Massachusetts when I retire.

[@elviscobb5922]

The difficult part of moving is you have to leave your friends,family and everything that you have known all of your life.

[@sunnyd4734]

@@elviscobb5922 Life is full of disappointments and difficult choices. Think things through fully prior to making permanent decisions but realize that the "best decisions" will evolve over time. The best decisions for today aren't necessarily the best decisions 10 or 20 years from now. Rationale changes as you age and so do your priorities and limitations. Be prepared to make some mistakes in life because we all do. Don't beat yourself up over it.

[@elviscobb5922]

Thank you Stuart for your thoughtful comments. I should be okay as both my spouse and I have carefully planned for retirement. Even with all the hard work and planning,you never know.

[@millerforester3184]

Ecuador is a good choice. You can live very well on $1,000/m. Beautiful country, very low cost of living, US$ currency, etc. If I didn't have family here, I would be there. On another note, many years ago, families stuck together, taking care of family members from 1 to 100. Now, children can't be bothered with aging parents and grandparents, and want the State to take care of them, AND their children. The cause of this is the decline of ethics and morality, and the destruction of the American family.

[@patriciamary9934]

Stocks are crashing, bitcoin investment right now will be at every wise individuals list. In two to three years you'll be ecstatic with the decision you made today

[@barbarabetty3733]

You are right but the market is profiting if you are using a really good broker or account manager to help out with trades or provide signals

[@judithmargaret8357]

Talking about investment, the crypto market is by far the biggest and most popular market in the world, traded globally by large number of individuals and organisation

[@joycerose7030]

Crypto is a good market to raise your finance at a steady growth, you need a proper understanding and good strategy to become successful

[@patriciaalice8355]

you can only appreciate a person who tries to teach everyone how to invest and make profit on multiple ways ups and down

[@richarddavid7671]

Speaking of crypto trading, it's the best business in the world right now, I know a couple of friends who make a whole lot of money trading crypto

[@crazyjojp]

Too bad should have paid more attention to politics than just living like the Jones.

[@1p4142136]

The average Social Security Check is $14K a year that’s nothing in NY. Ok fair enough. Move to Mexico for example you just won the lottery. New Mexico is flying state employees to Mexico for medical care: lodging, food and travel provided and save 60% in benefits. Basic economics: it is cheaper to hire physical labor than Machinery labor in Mexico than in the USA and in the USA is cheaper to hire machinery labor than physical labor likewise it is cheaper for Mex to provide medical care than the USA. Here is the kicker: the same companies that provide medications in the USA are the very same companies that also provide those same medications in Mexico difference: the meds are cheaper in Mexico. The USA is the best country in the world? In comparison to what? Retirement?

[@virtualtreadmillwalknature1488]

Thanks for sharing this!

[@lincolnpaul1814]

Mike Grayson what decade are you writing about? With few exceptions, the Euro is the currency in Europe. But you’re correct, right now it’s within 10% of one to one. Before it would be equal to living in Florida it would have to be two dollars to one Euro here in Munich Germany

[@geniemeadows5122]

I wonder how people are coping now 2021. Many people have plans but everything can come crashing down with illness. I am blessed (so far) to be in a country where I do not have to pay for healthcare (hospital). Maybe the odd few bucks for out of the ordinary things. However operations are free. You just have to go on the waiting list. The doctor can be a bit expensive but not the worst. I haven't had a holiday for like 20 plus years though and that was only to visit relatives for a few days! I really count my blessings though.

[@paulsaragosa371]

Good morning pandas 🐼 dry eyes 🐼 👀

[@mecheckraise]

Supplemental Security Income is supposed to the supplemental. You were supposed to live below your means and pay off your house before you retire. Quit trying to live in an expensive city. We do NOT feel sorry for you at all. You are NOT entitled. Be an adult!

[@mecheckraise]

@david gregory check Hillary's emails. Keep wallowing acting like it is not your own doing. It will not take you far. MOVE. There are VERY affordable parts of the US. VERY.

[@mecheckraise]

@david gregory then how would Biden's son get paid $1 million for doing nothing when daddy is vice president? An then how can Biden's son afford cocaine and babies from the DC strippers? The facts are cruel I know. Truth is the world if full of crooks on both sides of the aisle and YES the continuing wars are horrible. In some cases the US supplied the arms for BOTH sides. We need to actually kill the people on the other side of the battlefield. At least Trump did change the ISIS rules of engagement and brought some of the troops home. The federal government needs to provide defense. The federal government does not need to provide social welfare. People are fleeing nations with nothing to come to the US for opportunity and MANY people here are just too lazy to thrive.

[@mecheckraise]

@david gregory it is worse than that actually with the Bushes. I voted for George twice but Neil Bush was involved in the savings and loan crisis in the early 90s. I agree they are all crooks on some level but the Clintons mastered it. I think Obama did ok too according to all the million dollar mansions they now have. Also the Clintons were not very good to start. The really learned on the job how to really steal.

[@mecheckraise]

@david gregory and with all that I am still a millionaire without the teat of the government. Imagine that. And my grandparents did not even have running water in the house. The fact that the government wastes money on wars has ZERO to do with the fact that 78% of people live paycheck to paycheck because they can't control their urges for instant gratification. Quit whining. The government is NOT suppose to take care of you. Be an adult and take care of yourself!!! You already hit the lottery by living in the best country in the world with knowledge at your fingertips. Use it. Starting at 20 if you save $200 a month and put it in the market you now have over a million. Kids now should be sticking it in their ROTH account. I know people just do not do it. They should.

[@mecheckraise]

@david gregory you are a miserable piece of work. You are always the victim. It is not that I worked hard in school and have degrees and worked 6-7 days a week most of my life to get ahead while you were smoking and drinking. LOL. Get out of the cart and pull. Be an adult. I am trading stocks and made $1475 from yesterday. I am sure you could not be bother to take the time to learn. Have a great life. I know I will!

[@mariekatherine5238]

Retire? That’s for people who don’t want to work. I’ve switched career paths several times, but am still working and loving it at 68. Should I no longer be able to work at all, I’ll probably die. At that point, I live off my savings.

[@lincolnpaul1814]

Marie Katherine brainwashed idiot

[@bentrider]

$14,000 is more than 80% of the rest of the world earns. Even our poverty level is not really poverty. I live on that much every year and am as happy and content as I have ever been at age 66.

[@V1ralB1ack]

Yes but you have to see how much living expenses are in relation to the earnings. They earn less in other places but does it also cost less to live there?

[@marylouirick7316]

I worked 2 age 70yrs old, 2 up my S.S.A. and penison. Plus my grand live with me in my house.Thank God😚💞

[@henryostman5740]

interesting that you select a person from AARP, a so called "association' that doesn't live by association rules, that is a bottom up organization rather it is a top down system that tells members what they should think. It is a great well of support for the Democratic party and the city's fine mayor and the state's equally fine governor, the folks who built the mess that you are all complaining about. The city cannot build affordable housing, the city housing authority spends per unit what high end builders charge their tenants and delivers a poor product coupled with their reputation for poor maintenance and a crime infected tenancy. You don't want to live there. And what happens to your landlord if all his tenants go on this program to 'freeze' rents? Is the city 'freezing' his taxes, his utility costs, maintenance? This is why no-one wants to build middle income rentals in the city, remember too that NYC still has the 'emergency' WW2 rent control laws still in effect, this has resulted in thousands of formerly nice buildings falling into disrepair and ultimate abandonment. The entire problem of pensions and retirement will only get worse as both governments and private companies switch into 401K type programs, these are fine for investment savy folks but for the average working man are like the city streets, full of potholes with sharks swimming inside them.

[@sinebar]

LOL! The whole USA is going down the sewer hole. Republicans and Democrats alike have destroyed America. It's not one party or the other it's both. It's unbridled American greed slowly destroying the it.

[@scottrudd3863]

Stop peddling fear, people need to take responsibility, plan and live below their means.

[@AllAmericanDreamChaser]

RETIRE IN MEXICO!!😀👍🇲🇽🌮🍺💸💸💸💸💸💸💸💸💸💸💸💸

[@Rockstopmotion]

Didn't you guys just burn up few buses with people in them

[@Rockstopmotion]

@Chadwicked B no like for real a bus full of people got fire bombed.

[@elgreco7775]

You gotta be insane to move to Mexico or any other 3rd world country like the phillipines, India, Pakistan or other worthless dangerous countries

[@mariooliveira9074]

A Sicario is going to pay you a visit!!!👉

[@mariooliveira9074]

@@elgreco7775 I have retirement property in Portugal also a third world country. Was born there. Will be retiring at 55 there. Won't need to wait until 65 for healthcare!!! Have to say this place would be Democracts wet dream because we have socialism on steroids here!!! Over here you live to work!!!

[@christianarcos4333]

Fire movement? Lol

[@kinnish5267]

Don't worry the government will take care of you (I love fairy tales)

[@patriciavandevelde5469]

Nobody will take care of you..... get real

[@Dobiegal]

Finnish you forgot the "once upon a time" part. For crying out loud get it right. 🤣

[@robertbowersock3471]

They'll take care of you with death panels.

[@teddey123]

Ronald Reagan “ 9 most dangerous words in the world: hi I am from the government here to help” the government workers only care about: how many sick days do I have. If I double dip I can get so much money. When do I retire screw those people.

[@MarcyJ2F]

Kinnish When I read the last part of your comment, for some reason it sounded like Peter griffin in my head. Lol

[@gagankapoor6654]

We should keep investing small amounts of our savings every month in equity funds so that at the time of retirement we would have sufficient amount of money for living life after retirement.

[@travelingdude1621]

Those older retirees could just move out of NYC and into a lower cost of living state. Instead, they want to stay in high cost, high taxed and high crime NYC and struggle. That’s their fault. People gotta stop waiting on the government to try to change things and change for themselves. 👌🏻

[@xyz987123abc]

Social Security needs to be cut now not when I retire in 15 years so I can pay for the whole ticket and then I only get a freight class ride. Obviously someone is getting multiple bites at the apple... Most of the challenges I hear here are people thinking only inside the box... Put your money in the bank, are you joking with yourself - you had 50 years to learn how to invest, not that you need to be a pro at it, how many people are full time sit at home types once retired, play the radio and become an extreme couponer (one does not need to get 100 items of each near free item but 20 or 30 are good especially if a few friends get together to do it. ~~ After all what does one do with cash, buy items --- what does couponing do, get you the same items for free allowing the cash to be used for other items). People create their own challenges and then want a bailout from everyone else. One would think with 65+ years of real world living experience the laziness and stupidity would vanish. As Jesus said in the Bible, we reap what we sow OR in today's English language cause and effect... Worked hard yes, and Jack Ford you forgot to mention SHOPPED HARD as well...

[@garygerard4290]

just as you've always suspected: some things work, 'others, not so much better to die with an extra $1000 in the bank than be broke and hungry. It's too late for you, but maybe if you let your grand children see this they may side step the foolish steps you've taken in your life.

[@schawnettarobinson8584]

I’m looking forward to retirement.

[@tomvalveede6808]

So many negative remarks about the lady who retired at 62. She may have had no choice, so many employeers push older workers out, she might have a medical condition. People in the United States have Lost the Compassion for Others that was so Common to experience as we were growing up. Hate and Blame have all but taken over the psyche of the vast majority of Americans. Truly a sad place to be in. Empathy, and Caring for Others is the way to be. "And if you can't say anything nice..."

[@sinebar]

People watching too much Fox News have become haters.

[@tomvalveede6808]

@@sinebar And it's They who actually believe that they are the Only PATRIOTS! These are the United States, but Not if you read or listen to their Hate-filled rhetoric. The Pro-Trump Cult Followers are Impossible to reach with Facts and Truth. They All live in Trump's Alternative Reality!!! Despicable Political Party 🤮 Despicable Ex-president 🤮🤮🤮!!!

[@paulsaragosa371]

Poor old stoney poneys Poor oldest pooky servant's and Poor old stoney dog 🐕

[@fredacer4974]

the waiting list in sc is 10 years wtf

[@lincolnpaul1814]

Gordon the German healthcare system is excellent. Private insurance and public option. Health insurance is not for profit, but for keeping the citizens healthy. Private insurance is expensive but without co pay. Public option is 14% of your annual income also without co pay, but doesn’t cover 100% all dental work so a inexpensive dental supplement insurance is advisable.

[@raybon7939]

cant believe those two ladies squeezed in between the the 2000 pound elephant in the room and found a seat. without talking about the elephant of immigration. which has squeezed the supply line into oblivion between rents food inflation. and all staplea.

[@DLFfitness1]

So many are living in a fools paradise.

[@svetlanikolova7673]

My mom retired at 61 took a live in job caring for someone in cash and came home after a year. We bought a house in the Balkans for 7 k and live comfortably on 200 US dollars . Its all in the planning

[@setsukomabron5390]

Thank goodness I have

[@MySensualWorld]

Most people are working for slave wages, that are not enough to live on much less save

[@riverice7]

Retire abroad retirement funds can be stretched outside the US

[@brudyboy58]

Move to a place that's cheaper a live.

[@Berserk1Manga]

Everyone I will seriously give you the million dollar secret (literally) to have a great retirement. Ready? No kids No SO (not necessary but helps) Don't go into debt for anything! Max out Roth IRA with etfs, index funds and mutual funds. That's it!

[@bebetheexplorer624]

Kids can make and complete your life experiences.

[@Berserk1Manga]

@@bebetheexplorer624 I'm not doubting that but if you value finances they will drain it.

[@bebetheexplorer624]

@@Berserk1Manga I am only talking about my experienced with my daughter I will not trade her for a million dollar bucks. She made my life complete. A partner I will not have if I have to pay for them but with my daughter I’ll give her the world If she will asked but lucky for me she is very independent just like me.

[@Berserk1Manga]

@@bebetheexplorer624 Happy for you. But this advice still stands. It's for people who havnt decided to have a kid yet.

[@lincolnpaul1814]

Common sense not to common you live in a fantasy world

[@Rockstopmotion]

Notice its always blue states

[@chicnoir29]

Plenty of poverty in red states.

[@Rockstopmotion]

@@chicnoir29 name some because people from blue states are leaving in mass to red states

[@randallmunson2098]

Blue states pay the bulk of Medicare and Social Security taxes because their wages are higher. Also pay bulk of Federal taxes. California alone sends tax dollars to Federal Govt that exceeds the total of the 23 lowest paying states. Look it up it’s a fact. 9 of top 10 states that contribute most to Federal coffer are Blue states, only Texas is exception.

[@rentslave]

The JEW states.

[@mecheckraise]

@@chicnoir29 bless your heart. lol

[@paulsaragosa371]

I haven't not family

[@jarred333Boss]

wow

[@garygerard4290]

half the problem is the changing business climate where big business is screwing the workers the other half is the workers spent too much time and money partying and living large (remember that phrase?) And this happened because no one told them to save or did not set a good example and then the now broke person was not wise enough on their own. If we ever expect this to turn around we need to let these people hit the skids, maybe the grand kids will see the problem and live within their means. But probably not so with that I render the verdict Society is Dying, insulate yourself from it.

[@zuutlmna]

Some people should not retire.. But should, instead, remain connected and engaged in an employed context, if able to. There should be a process concept known as "work-life phaseology (not phraseology!, but 'phase')". One of the main determinants of this is personality type (in my opinion). Our society has such a shallow view of both human work and the retirement idea. Our understanding of the phenomena of human work has not evolved.

[@hsingkao2024]

Yang 2020 for Freedom Dividend!

[@aclem8246]

Work until you can't work any more. Do part time. Lose your house. Rent a room. First major illness you end up in a nursing home on medicaid. Warehoused. Change your diaper twice per shift. Up for meals and back to bed, shower once a week if you are lucky. Many stop eating to speed up the inevitable.

[@kristiwilkerson8947]

truly sad

[@imaelder5611]

I steal ,I only get 1000.00 ,F--K Amer.

[@niallmcdonagh1093]

Didn’t realise this was a mainstream media broadcast..delete...

[@paulsaragosa371]

Poor old goat 🐐 s

[@RoseGrace100]

The woman Soosan-retiring at 62 is your own fault. That’s why you are broke. Not feeling sorry for you.

[@Corpsegrinderr]

his tie reminds me of red cabbage

[@speteydog2260]

This is what happens when millions of people (unlawful citizens) come to live here on welfare. Thanks 👿

[@lincolnpaul1814]

s Peteydog you’re totally brainwashed. This is what happens when super rich and big business con you into believing that and design the economy to take all your money. You’re breathtakingly stupid

[@brucevandyk1643]

Capitalism

[@jameswilliam8136]

Retirement is another way of resting but you can also make money online from your home etoro trade and signal help you join the link below

[@rentslave]

The JEWS must be sent back to Israel with all deliberate speed.

[@roberthertz6634]

Way just the Jewish folks. How about the Iranians French