Why You Probably Won’t Retire (If You’re An American)
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Top Comments (10)
If I can’t retire I will be offing myself when it’s time
Retirement is not the goal. Financial freedom to do what one wants is the goal.
Yes I had a pension when I started where I work back in 1997. Then my employer kicked us out of the pension and gave us 401k but I was a young guy and didn't pay much attention to what was going on. So I didn't start my 401k until I was 36 years old.. They definitely need to teach this more for the young people.
*Come for the finance stay for the retirement advice*
Are u gonna repeatedly say Papa Powell in this episode? I wanna know if I should get my shot glasses ready.
I will never retire. I am a single income family with a special needs child and I only make 50k a year. It’s amazing I survive right now.
My grandfather worked at an automotive company thinking he was earning a rock solid pension. That company went bankrupt leaving him with nothing. With a 401k, at least you own your retirement and don't depend on the health of your former employer.
I just retired at 59. But in my working years I always encountered people who mistrusted retirement accounts and refused to save.
I live in NYC and I don't make the amount that the people in the video were making but I am well on my way to having more than enough money for retirement. I did it by not trying to keep up with the joneses, maxing out the company's 401k match in large cap index fund, only use my credit card for things I that I am willing to pay the entire balance on at the end of the cycle. My only regret is that I didn't learn about roth ira until few years ago or I would have put money in there too.
The average age to death, is not a great number to use. It was down because of early deaths such as during childhood or birth. Once people reached adulthood, they lived to a similar age as we do today.
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Top Comments (10)
If I can’t retire I will be offing myself when it’s time
Retirement is not the goal. Financial freedom to do what one wants is the goal.
Yes I had a pension when I started where I work back in 1997. Then my employer kicked us out of the pension and gave us 401k but I was a young guy and didn't pay much attention to what was going on. So I didn't start my 401k until I was 36 years old.. They definitely need to teach this more for the young people.
*Come for the finance stay for the retirement advice*
Are u gonna repeatedly say Papa Powell in this episode? I wanna know if I should get my shot glasses ready.
I will never retire. I am a single income family with a special needs child and I only make 50k a year. It’s amazing I survive right now.
My grandfather worked at an automotive company thinking he was earning a rock solid pension. That company went bankrupt leaving him with nothing. With a 401k, at least you own your retirement and don't depend on the health of your former employer.
I just retired at 59. But in my working years I always encountered people who mistrusted retirement accounts and refused to save.
I live in NYC and I don't make the amount that the people in the video were making but I am well on my way to having more than enough money for retirement. I did it by not trying to keep up with the joneses, maxing out the company's 401k match in large cap index fund, only use my credit card for things I that I am willing to pay the entire balance on at the end of the cycle. My only regret is that I didn't learn about roth ira until few years ago or I would have put money in there too.
The average age to death, is not a great number to use. It was down because of early deaths such as during childhood or birth. Once people reached adulthood, they lived to a similar age as we do today.