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A startling new report issued by the non-profit National Institute on Retirement Security found that despite the "recovery" of the last decade leading to all time highs in the stock market, the savings levels of Americans who seek to retire are "deeply inadequate". In fact, the median retirement account balance among working individuals was found to be $0.
The report notes that retirement savings have been, and will likely be, correlated closely with income and wealth. The study found that individuals with retirement accounts generally have more than three times the income than those without accounts.
The report found that more than 100 million Americans that are of working age don’t have any retirement account assets in an employer sponsored 401(k) type plan, individual account, or pension, at all.
To make matters worse, 4 out of 5 working Americans were also found to have less than one year's income in their retirement accounts. Even those that are trying to save for retirement are failing to do so effectively, according to the study. It’s stated that 77% of Americans come up short of even the most conservative retirement savings targets for their age, based on estimates that have them working until age 67.
The analysis also found that "a large majority of working Americans" can’t meet a substantially reduced savings target.
Diane Oakley, who authored the report, stated: “The facts and data are clear. Retirement is in peril for most working-class Americans. When all working individuals are considered — not just the minority with retirement accounts—the typical working American has zero, zilch, nothing saved for retirement.”
She continued, "What this report means is that the American dream of a modest retirement after a lifetime of work now is a middle-class nightmare. Even among workers who have accumulated savings in retirement accounts, the typical worker had a low account balance of $40,000. This is far off-track from the savings levels Americans need if they hope to sustain their standard of living in retirement."
Additional findings of the report:
Account ownership rates are closely correlated with income and wealth. More than 100 million working age individuals (57 percent) do not own any retirement account assets, whether in an employer-sponsored 401(k)-type plan or an IRA nor are they covered by defined benefit (DB) pensions.
The typical working age American has no retirement savings. When all working individuals are included—not just individuals with retirement accounts—the median retirement account balance is $0 among all working individuals. Even among workers who have accumulated savings in retirement accounts, the typical worker had a modest account balance of $40,000.
Three-fourths (77 percent) of Americans fall short of conservative retirement savings targets for their age and income based on working until age 67 even after counting an individual’s entire net worth—a generous measure of retirement savings.
Public policy can play a critical role in putting all Americans on a path toward a secure retirement by strengthening Social Security, expanding access to low-cost, high quality retirement plans, and helping low-income workers and families save.
The report found that the gap in retirement account ownership has been widened by growing income inequality, which is being fueled our monetary policy, which brutalizes the middle and lower class while rewarding major institutions and the wealthy.
The report's 'warm and fuzzy' conclusion? We are in a "retirement crisis" that may have "grave consequences", including increased demand for public assistance:
The heart of the issue consists of two problems: lack of access to retirement plans in and out of the workplace—particularly among young and low-income workers and families—and low retirement savings even among those who are saving. These twin challenges amount to a severe retirement crisis that, if unaddressed, will result in grave consequences for the U.S. In the coming decades, the continued decline in the share of older workers receiving DB pension income—a factor linked to reduced reliance on public programs—combined with inadequate retirement savings, is likely to generate increasing demand for public assistance, which potentially could strain government budgets at all levels. An increasingly dependent elder population will likely place increased strain on families and social service organizations. The “American Dream” of retiring after a lifetime of work will be long delayed, if not impossible, for many.
Meanwhile, despite having virtually no money saved up, millennials still want to retire early, as we reported in late July. The data presented then showed that "younger Americans are hoping to retire in their early 60s" and that for millennials, "61 is the ideal retirement age."
This is especially surprising given that as we've discussed time and time again, America's millennial generation is burdened by debt, effectively precluded from home ownership and increasingly disgruntled and pessimistic about their future prospects forwealth and happiness. But perhaps they are also a bit delusional or at least less than realistic at times, especially on the topic of personal finances and the future.
Add to this that it's no secret that people are living longer and many are staying in the workforce long past the traditional retirement age of 65, but it appears there's a vast disconnect between millennials' goals and their preparations to reach those goals.
Old people should just be exterminated.
Does this take into account age? Because a 20 something saving for retirement is fucking idiotic if he can barely pay his bills. It repeatedly mentions "working age", and I can't imagine why you would immediately start saving for your retirement.
And their white privilege wealth redistributed to new immigrants or used as reparations..
>and I can't imagine why you would immediately start saving for your retirement.
In theory you do it since entering the workforce, but due to scale of embezzelment in (((social security))) system there's not though tax revenue for current pensioners and you (assuming you're 25) will get absolutely nothing because there won't be any wageslaves to work for your pension.
No kids, because you need to spend money on a fat obese manchild who works hard to embezzle your money.
>40k low savings
I hate jews.
That's just it, if you aren't putting 10% away now for life you're fucked.
When you have no income other than social security yeah that's pretty low
Don't worry kiddos, mexicans will pay for everyone's retirement.
Even if you saved up your money like a good goy, medical costs will eventually wipe out your savings.
I agree. 95% people after 50 year old are worthless. Feeding them is extreme inefficiency.
Saving in social security is idiotic indeed.
Yeah, old people should be shot on site. Fuck old people.
Except you generally have more income (and thus disposable income) as you age.
This is cruel and not human.
Proper option would be stripping old people from right to posses property and income. This would fix economic problem of non productive people hoarding wealth and consuming GPD producing nothing but at the same time leaves place for compassion and care. If old people had rose families who loves them they could get voluntary based care from them (gifts should not be income by such law). But any sort of economic entanglement put on the children would be impossible (as benefits of entanglement are income and would be confiscated )
GAS THE OLD FUCKS
AGE WAR NOW
Why invest in savings when the baby boomer generation proved social security is a ponzi scheme? May as well enjoy life, life young, and work to death because there's nothing but shit health care that barely keeps you alive in the future.
And by savings I mean the retirement plans sponsored by banks.
Let me just take the philosopher's stone out of my ass real quick.
I figured that out when I was 17, I am an hairs breath from 40 now. Not amazed at all that retirement is a fucking ponzi wet dream coming home to roost now. I knew better than to buy into that shit, and even way back then the anti-white male shit was massive, kept me out of college. Worked out for me, learning how to effectively kill subhumans seems to have prepped my mind for what is coming.
That said, I am far more aware now and utterly condemn boomers over this shit. I well and truly hope this economy vaporizes so they can look upon eating cat food as an luxury far out of reach. They sold my generation down the river, fucked by their utterly massive hedonistic numbers, their refusal to breed more white children and their continuing support of this corrupt system while talking down to the youngest kids just coming into their own for being 'less' than they somehow were. At least the younger generations have become self aware of the jew problem, you should have seen the totalitarian control over our minds when they controlled all avenues of media and social thought. I never even knew what an actual jew was until my thirties, much less been able to pick one out of a crowd or known why they are so vile and evil. Now middle school kids joke about them and point them out while mimicking the chan's old memes.
Retirement is the grave. And ass cancer is too damned good for the fuckers getting into retirement age now. Only reason SS and the vaunted stock market are not utterly wiped out is because the feds are the only major buyer of stocks and continue to backstop that shit. So the end is close for this shitshow thankfully.
>300lbs per person per year in dried goods kids.
Start there, this is going to get nasty when it hits. And will last for decades, assuming we win.
Everyone should buy BUY, cash down, no loan or any of that shit as many small properties as physically possible and rent em out.
It's automatically inflation adjusted income and at most you would need to hire a single handy man whenever shit fucks up and a grounds keeper to make the rounds once a month.
There are hoops you can jump through to insure your property isn't section 8 eligible, otherwise you would be setting yourself up to hemorrhage money on property repairs and value loss.
Wage slave here. I work a shit job make 9 bucks a hour 40 hours a week.
I make a game of saving every possible penny within reason. I drive a 1988 chevy and plan to keep it forever. I have the cheapest cellphone plan. The biggest thing is I don't pay rent. I live on a family owned lot. I save over 70% of the money I make easy.
why would you put money into a retirement fund? it just gets the jewbbqnkers fatter. these people arn't concerned with a retirement crisis, they're concerned about their profit margin from using other people's money for their investment games.
I will not be participating in this fiat scheme. 100% of the money i make that i can't keep from the federal tax thieves goes into making me self sufficient. my retirement will be paid for by the fruits of my farm/ranch/crafts and not by some arbitrary numbers in a rigged game.
And when the banks crash again, you'll lose everything you saved.
Stopping work and mooching off of others or consuming the inheritance of your offspring until you die; a completely jewish invention
The men and women who founded Europe and America would be horrified seeing millions of white people laying on their fat asses and expecting the children of strangers to feed them.
Old people who actually worked for a living should not be able to live? Why? So the State can steal their money and DEFINITELY NOT hand it to no ones like you? Or do you think you'll actually get a piece of the stolen pie?
The State just wants to steal from the haves… the State has no intention to give it to the have nots. Be warned because it could happen in your lifetime.
Is that the reasoning why you don't save? because that's pretty stupid.
>I will not be participating in this fiat scheme. 100% of the money i make that i can't keep from the federal tax thieves goes into making me self sufficient. my retirement will be paid for by the fruits of my farm/ranch/crafts and not by some arbitrary numbers in a rigged game.
Thats the way to do it anon. Good work.
You should save, just don't put it into a ponzi scheme and minimize your bank holdings.
In other words, COMMUNISM.
I have a unionized job with a pension. I had more money saved in one year than you probably have all together in your bank account. Doesn't change the fact that Jews run our finance system and can fuck us all over at will.
well eh I don't know. Your gonna 87 years old trying to get by selling a basket of fruit on the side of the road?
Yes when it comes to your money (((diversity))) actually is good
roth ira's for example
>Doesn't change the fact that Jews run our finance system and can fuck us all over at will.
Not without fucking themselves over. I'm sick of all this jew shit. Kikes belong in the oven no one denies that but today no kike is to blame for a American no having money. It's your own lack of foresight and self control.
>trying to appeal to whitey who is being robbed off for and by niggers and jews using niggers being niggers statistics to shill for marxist retardation and blaming it on "those other whites"
JUST PULL YOURSELF UP BY YOUR BOOTSTRAPS, GOY! NEVERMIND THAT I'LL GAMBLE YOUR INVESTMENTS AWAY HEHEHEHEHE
Simple solution. Don't have children, apply savings to retirement.
Determined to blame kikes for all your problems eh?
Take responsibility and stop looking for a bogyman.
>not just taking social security and moving to a third world shithole and living like a king.
When you have no income other than social security you don't normally have savings.
>implying the wage increase keeps up with the cost of living increase
Except you generally have more bills.
Why save when it seems inevitable some kike will get elected on UBI and drive inflation through the roof? Government won't let boomers starve as long as they can vote. Delay the collapse by 20 years and they'll never need to deal with it.
I plan to just commit suicide when I get to old. Fuck retirement, who wants to be all fucked up and broke with your half nigger grand-kids shitting up the place.
Why not go full commie at that point since there will be enough latino voters?
If you're an aging boomer with an uncosted pension you're fucked.
GenX is well on their way as well.
>despite the "recovery" of the last decade leading to all time highs in the stock market
>Bank takes all our money and poorly invests it
>Loses it all
>Government prints them new money and bails them out
>Banks and billionaires buy all the stocks and the general population is left with nothing
>testing population chosen for predetermined results
My parents each earn over 6 figures on their private retirement benefits. Neither has ever earned more than $90k a year in earnings.
This is not average, nor is it typical.
It's like the "over half of American homes are on welfare!!!" but they call welfare as shit like having a child and getting the tax benefit from that as welfare.
I have a boomer parent still left that pulls in 3 different pensions because she married a guy that hopped between federal, state, military, and ss. Not to mention having the same benefits the senators have when it comes to health care because she was grandfathered in on an older policy. That's the abuse that needs to stop. That's the kind of abuse "the greatest generation" got rolling that many boomers took advantage of before corporations etc. got a bit wiser and nixed those abusive pensions.
Of course in many places like commirfornia, State retirement benefits pass on to the grown ass adult fucking kids. Nothing like having a permanent drain on the coffers for life and with each new employee you add yet another hole.
I would like to see you working when your 80 years old.
*you're. Jesus Christ.
Walmart greeter? kek
> shit like having a child and getting the tax benefit from that as welfare.
Kinda like how they call business subsidies "welfare".
I heard a liberal say that the government buys votes by promising to steal less money from business when I claimed that UBI is vote bribery.
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thoughts on the idea of living in a van?
I have no fucking clue what your post has to do with mine.
Your even admit in yours that it's abused and unearned public retirment. I very clearly state my parents PRIVATE retirement is over $100k/year each. They each averaged something like $50k - $75k a years. Nothing spectacular.
>over half of all families in America are on welfare!!!
No. Like 15% of white families are and like 95% of blacks are.
Universal income is kikey shit.
Leaf here, we factor this in which is why we like our single-payer plan. (Of course we spend money normally used on medical on the HVAC jew.)
Day of the pillow soon
It's wonderful if you know how to (((game))) it.
Eg: City X has a universal income. You rent a small apartment there, collect it, sublet to a Chinese student, then take that money while you live in your paid-off house elsewhere. This is how kikes explained why they love it.
Move to Thailand, Laos, Vietnam or some other place with a very low cost of living.
>taking me seriously
Fuck off with your autism.
you have it made then
rent and mortgage are the biggest jew rips in the monthly expense
having no debt and being able to survive for 2 months on savings puts you ahead of 90 percent of working americans, as depressing as that is
YOUTH-WING DEATH SQUADS
That's the Smith and Wesson retirement plan, I'm signed up too.
I don't understand why old people crotchet around hanging onto life, if you didn't live it 30 years ago it's not happening. Those 40 pills you take everyday to keep you alive costing you your whole SS check? Take double and end it.
40% of the population is not employed, it's not exactly unbelievable half of homes get welfare.
The point was the abuse happened everywhere. I read your "private" as that of a private company, or do you mean they invested in stocks/401k etc.? A lot of private companies back in the day offered actual retirement pensions.
Grow the fuck up little girl.
KILL EVERYBODY UNDER 40
Only way you can cure aging is by drinking babies blood and leeching off the younger generation like a vampire.
Of course they would never put in the protections required to make a UBI anything more than another hole to bleed the host from.
It also helps with iron deficiency.
I don't want to sound like an intergenerational D&C shill, but fuck boomers.
They rode out the good times, some thought these would last forever and they didn't save shit.
Millennials and the next generation are much more marginalized. I'm 30 and I wouldn't be able to rent my own shoebox apartment in major cities in Europe where all the jobs are. That's how kiked the world is right now.
We are learning to reverse aging through white science. The jews are terrified we will become immortal before they do.
Fuck them as in have sex with them or fuck them as in kill everyone who is over 40?
No one has the willpower to fix anything, without religion there's no conviction- we're headed toward some unholy combination of open borders, basic income and a federal jobs guarantee. We'll print ourselves into oblivion - demographics is destiny.
in Europe I wouldn't park outside cause you never know what kind of savage will break in and murder you or throw in some fireworks if they see condensation on the window for the lulz
renting a garage is a must
if you factor in all the inconveniences in comparison to renting a room with strangers I'd go for the room as the cost is roughly the same factoring in the costs of ownership of a car as well as the garage rent
Imo…there should be mandatory loss of rank within a company to make way for the younger worker. I mean if there is some boomer sitting on the board or VP of a company that makes 6 digit after 30 years - Make it mandatory for him to step aside to allow the up and coming employee move up. Just like in the military where you are retired no matter what at 65. Old people are stagnating business by sticking around. 80+ people should be put in an assisted living place (not nursing home), but a place that gets them out of the way.
It's the old people that are constantly living in the doctor's office sucking off medicare that need to be euthanized. A total burden on their kids and grandkids. Imagine being 50 years old and having to change your mother's diaper all day.
>As a Farmer, I know that when an animal is sick, sometimes the right thing to do is put it out of it's misery" - Dwight Scrute
You won't cheat God. The financial system that allows white science is a kike invention brought to Europe by the Knights Templar from the Temple mount. You might extend life, but only by Lucifer system which has its own costs.
>>Templars brought finance to Europe
That would be the Roman and it was the jew who took this system and made himself its only arbiter that it became more widespread throughout Europe.
best advice in this thread
That's why you raise a family, anon.
sage for double post
>everyone should just magically have the cash needed to afford a delusional fantasy
>ignore that virtually everyone can’t even afford to keep the houses they already own
>why aren’t you rich like me, goyim
Get out, tumblr.
Let everyone homestead again so they don't have to pay a kike to have a roof over their head and it would help a bit.
It’ll work in the post-FedRes world, but it can’t work to help us NOW, is the problem.
We will need pedal powered pillow smothering machines, like those used at Auschwitz to kill at least 6 million Jews.
"as many as physically possible"
When I bought my first condo I was still living paycheck to paycheck in a studio apartment for another 3 years saving literally every penny I got my hands on to buy myself my own.
Currently I own 6 houses/condos I am renting out to 8 families and I'm living comfortably in my own home after decades of scraping by.
It's certainly not a get rich quick scheme or "just stop being poor" thing, it's genuine advice for securing your retirement over a long life of effort.
>You won't cheat God
We most certainly will and have already.
Example 1, they made a work live 3x's longer.
So god was cheated twice right there. We will figure out how to do it in humans sooner or later.
*a worm 3x's longer
Wasn't that worm only so long lived due to proper nutrition in a sterile environment with no predators?
Before 2008, my mom had over $100,000 invested in retirement accounts. After 2008, she had $30,000 left that had been in low-return CDs; all the rest of it was gone because it had been invested in mutual funds and tech stocks. She had a money manager and took an interest in her investments, listening to all the most current advice. By the time she died in 2014 she was penniless.
Why the fuck would I put my money in 401ks and IRAs after that bullshit? I think a lot more people are stashing the cash and not saying anything than the pollsters, pundits, and government realize. Only a fool would put their money in retirement accounts after the shameful display in 2008.
>She had a money manager
She dun goofed. Never let anyone manage your money.
He was actually the one who saved that last 30k for her, he told her she should always have a third of her money in lower-yield, lower-risk, investments. The mutual funds were supposed to be medium risk but they all had bad home loans sandwiched in there, and the tech stocks were the highest risk so they just failed. The "medium-risk" mutual funds were the first to crash.
Because your mom was stupid with her money. Lets take her example but using normal responsible methods that only take a little research to arrive at. Her 100k should have been in an S&P500 index fund and self-directed in something like a Vanguard Roth IRA. If it was worth 100k before the crash, it would have been worth about 200k in 2014, and about 300k today.
Here's also a story about a hypothetical man, that invested ONLY at the heights of bubbles right before crashes since 1970. He invested 184k at the worst possible time over 30 years, he still retired with an amazing 2.3 million dollars because he didn't sell when things looked bad.
To finish, I'm 30, and had NO retirement savings three years ago, and today I have 70k saved for retirement off only a 50k/year income which is below the national average. Simply, most people have no time-reward preference and their poorness if their own fault.
>Public policy can play a critical role in putting all Americans on a path toward a secure retirement by strengthening Social Security, expanding access to low-cost, high quality retirement plans, and helping low-income workers and families save.
so gibs our way out of it?
>a completely jewish invention
My Boomer father has worked his ass off all my life and he said to me the other day that he'll never retire as long as he's able to work.
"You never slow down, you never grow old", as the saying goes.
If they are making more than what they 'saved' up directly or off of rent from those renting property from them. I.E. What is in the bank or what is paid off, they are living off of usury interest payments.
Pretty sure stocks right? Dividend payments and selling stocks as they continue to climb up in price at breakneck speeds. Hate to break it to you, but that is a ponzy scheme every bit as defunct as SS and yes, the 'taxpayer' slave owes that money back. Back to jew, and the lazy scheming faggot criminals like your parents. The fed is outright buying stocks to keep the price stable and continually going up at this point. There are very few buyers into the market left. You need to go look at the numbers if you think your parents earned anything. They are just at the top of the crest of the wave getting all that nice wind blowing sea spray into their faces because the yids are desperate to keep this system going. It will not last. And they earned nothing.
my FIL got his start by buying a duplex; rented half, lived in half. He's up to 12 rental properties, some with multiple units.
The only thing I'd worry about with rentals is kiked tenant laws that force you to rent to niggers and/or makes it impossible to evict them. It's bad policy now, but I can imagine it only getting worse as shitskin immigrants continue to multiply and vote.
inflows into the S&P index funds by retail investors is actually pretty massive and growing each year
No one believes you, moishe. Fuck off.
Yes, well, unfortunately for her, she wasn't 30 when the crash hit, she was 60, and simply didn't have the luxury of time to wait for her investments to recover. This same thing could happen to you. God only knows what kikery is lurking in the stock market to rip the rug right out from under you at the worst possible time. This is the state of most American families.
My uncle is an economics professor at a prestigious university and he lost almost a million in the same crash. I can guarantee you that his investments were self-directed and well-researched, but, since he's not a kike, he lost money anyway. Unless you have a very long nose and a funny skullcap on your head, your investments are not safe and may desert you right when you need them. By all means, let them ride now, but start liquefying them when you're approaching 60 or they may not be there when you want to retire.
I’m saving 200 a month into an ira. Paying an extra hundred a month on my student loans and paying an extra hundred a month on my mortgage. Keep grinding and save what you can. If I never make changes to the above I will have my house paid off when I’m 52 (worth 250,000 currently) and will have 150,000 in my ira with no student loans left. Then I can maximize savings until 65 ish and retire.
And all your grandkids will be mud and the government will have bused niggers spics and desert terrorists into the vacant houses down the street FOR FREE
and you still cant find time to have a job over $9. I want to call you a hero, but you are a retard.
At least you are a retard that knows how to save money. Good job.
>and the word for their demon YHWH is changed to "God"
Honestly the retired should not live on there own they should live with their family, retirement homes are a literal prison.
Retirement worked when people had 4 or 5 kids each. Boomers fucked that all up, so now they ought to suffer for it if they didn't save for it.
>unironically calling yourself a pagan instead of calling yourself a descriptor of your actual religion
People who call themselves pagan are like Canadians who have no identity but are smug about being not American. If you were actually that religion and proud of it and well versed in its tenets why wouldn't you just say what religion you were? Pagan is just "not-Christian or Muslim or jewish".
The answers is to buy some property out of town and begin to work it while your still young enough to work it. Work the land to live off the land while at the same time fucking the system.
This poster is right. The way it used to be, and will have to be again, is that when you got old you went and lived with your kids and bequeathed your financial possession to them in spirit while you are living. That way you are in effect, paying for yourself but not striking out living old and alone, which is more expensive anyway. I'm not going to fuck up my marriage and my kids and when I'm past my expiration date I'll move in with one of them and take care of their children to free them up to do things.
It would benefit many of those here to spend the time they spend here arguing with shills et al on learning and deploying financial independence strategies.
Namely low cost index investing, rental properties, and of course getting a high paying 6 figure+ income.
While I appreciate those who put the effort forth into making quality threads on complicated issues this site can be a huge productivity killer.
It’s important to know politics but it’s more important to know personal finance if you ever want to be free from the jew
Just call yourself a polytheist. That’s what I do. It’s easier.
Thats not bad, but its actually MORE representative of his linguistic argument, as polytheism more accurately fits the picture he was trying to paint of the term 'pagan'.
Who's the cunt who wrote this. Most of us don't have enough money to eat three times a day. My retirement plan is a shotgun mouthwash.
>Reports someone for not worshiping a kike
Son, you seem lost. This isn't evangelicuck.com
This is 8/pol/ and here we don't like jews very much.
Honestly, wtf is social security? I'm getting taxed for something and I don't even know what it is.
And when you get old, you're just going to off yourself voluntarily?
Might as well get a head start on that and do it now.
>What is interest
>What is a 401k
>What are mutual funds
Have some motivation guys. If you can get to 250k savings and invest it in a 5% dividend yielding stock you will get a monthly income of 1040 in perpetuity, enough to at least pay the bills and eat. From there, you are much more free and able to pursue other ways of making money that you find enjoyable.
5% yield is just 1-2% above inflation
Even given that the stock will exist when you retire, which it won't
Retirement was structured to have 3 legs of funding.
1. Social Security
3. 401k/private investment
The idea was that one was concrete, and the other two were unlikely to both fail.
But then jews took over and boomers gave away everything for brown pussy.
Companies raided pension funds, social security has been raided for nearly it's entire existence Clinton stole from it to make his economic improvements, 401k's regularly failed, and kikes have been preying on normal private investors since forever.
Social Security is something I'm forced to pay if I want steady income, but it's something I'll never be able to draw from. I hope it does fail.
>5% yield is just 1-2% above inflation
You are not reducing the principle holding, which also has the ability to go up. Secondly I said you can find a lower paying job that you enjoy more, which would give you excess cash. You may actually end up growing your little dividend fund.
>Even given that the stock will exist when you retire, which it won't
Well I don't suggest you invest it all in one company. I suggest investing it in a dividend focused ETF which will not go out of business, and you will not have any issues when one of the hundreds of companies held in the ETF goes out of business.
I predict SS won't be eliminated but cut extremely, meaning the payouts will be nowhere near what you paid in your whole life.
I for one, am completely ready to pay for the welfare of people who lived beyond their means by thinking that a 50" 4k TV and a new car lease every 2 years was the only respectable way for an American to live.
Even in a thread about retirement there’s still room for offtopic religious posting.
Till that very animal eats her when she is dead.
Isn't that default like negative interest rates are?
Could you rephrase the question?
No need for that. They just shouldn't be kept alive like unsightly zombies for 30+ years.
When you get sick, you die. No life support bullshit. Once you get that terminal diagnosis, get your shit in order, get your will done, say your goodbyes, and pass the torch gracefully. Clinging to life at the expense of others is selfish and cowardly.
What else are the old people going to talk about before they die?
This problem will end when you refuse to give them even a single dollar of help and let them die alone. Do not help these degenerates that destroyed the country. They blew your future, and even their own, on sex, drugs, and rock'n'roll. Live like a nigger; die like a nigger.
>"OY VEY The average american can't plan for the future"
<The average american isn't white.
>You are not reducing the principle holding, which also has the ability to go up.
It also has the ability to go down.
>everyone invests their retirement funds in stocks
>everyone retires, stocks crash
Not the sane idea of anything
>Well I don't suggest you invest it all in one company. I suggest investing it in a dividend focused ETF which will not go out of business, and you will not have any issues when one of the hundreds of companies held in the ETF goes out of business.
Diversification of funds is meaningless when they are bound by a common currency and common market. It is stupid if anything and a pipe dream that it all won't come crumbling down at the same time.
I mean, if you have no faith in the economic system sustaining itself then you should just start stockpiling guns and shit because that's why it would be if markets stopped returning on investment long-term.
Their ammo should be redistributed into the skulls of diverse people everywhere.
>not discriminating and only getting rid of cucks
>tfw my employer gave me a 401k pamphlet
>tfw threw it in the trash at home and keep dumping extra cash from paycheck into crypto
I figure it's gonna go to shit like SS or I'll actually be very well off unlike SS. 27 btw
Idiot, you should at least contribute enough to get their match back, FREE MONEY. You can choose which funds to invest in inside the 401k, which can just be a non-moving money market thing if you really don't want to invest. When you quit you can transfer that to an individual IRA>
Great. Maybe those fags will start b@nning for not worshipping Jonestein or Peterstein next.
I only make 20/hr and have student debt. I'd rather be risky with any free money at the moment. When my debts are cleared, then ill go the 401k route. Either way as of now I don't feel like I'm saving jack shit
>High Dividend Yield ETF
How does one get into such a thing exactly? Just talk to some financial adviser?
The old folks are great for the used car market. You know that you're going to get a nice high-quality used car if the only owner was a retiree who bought it brand new, kept it in a garage, and only drove it to the grocery store.
>At least the younger generations have become self aware of the jew problem, you should have seen the totalitarian control over our minds when they controlled all avenues of media and social thought. I never even knew what an actual jew was until my thirties, much less been able to pick one out of a crowd or known why they are so vile and evil. Now middle school kids joke about them and point them out while mimicking the chan's old memes.
This. The entire postwar world order will live and die with the boomers. Same with television.
My coworker is about to inherit a VW from 2013 with only 20k miles on it. I've put 47k on mine in 2 years
Fuck retirement, its a ponzi scheme to siphon your money. You literally pay your own interest on your "investments"
>nuh uh anon! theres no way!
Follow this line of reasoning mr. npc;
Lets say you put money into a 401k, we'll call this X your money is in corporations, and when they make a profit, your stock value goes up. Now lets say you buy a product from that corporation… we'll call this Y They skim the profits, and their stock increases in value… A fraction assume a good but conservative value of 10% per annum of that money you spent at that corporation goes into your retirement… You are basically handing X+Y money to an entity, and they are giving you X+(Y*0.10). You are getting a net loss.
This is the same infamous trap that "Savings Bonds" created.
In the 60's and 70's, New York had a major deficit, to overcome this shortfall, they offered "Savings Bonds" for purchase, citizens would pay X amount for a bond, and in 5-10 years that bond would mature to A=X(1+r/n)^nt. This means after 5-10 years, New York will pay back MORE than the citizens paid, but where does this new money come from? New York cant print it, that would cause inflation…
New York TAXED it's citizens to make up for the Savings Bond shortfall… That's right, the citizens gave money to the city, then was taxed for the interest amount, then got the money back…
This is actually a method of international financial theft. If someone that DID NOT LIVE in New York City, bought savings bonds, and lived in an area that avoided the taxes needed to pay the interest on the bonds, then that person would profit, ON TOP of the regular citizens!
FUCK RETIREMENT, its a SCAM
Every "crash" happens as a generation discovers wealth and stability, then loses it, and begins scraping by. My grandparents own businesses. Lost them during the depression. My father owned a business, lost it during a financial crash. Basically, so far as I can tell, we build wealth by being productive, then they crash the economy, take the wealth, and then when they own vastly more than they did before, breath a bit of life back into the economy, allowing us to become productive again, at which point they crash the system again, take what we built cheaply, and start over.
Then why are they Jewing me with Social Security taxes every two weeks
They justified it in the first place by saying people probably won’t save for retirement so they were going to force us to let them “do it for us”
Is anyone surprised? Taxation is theft
That's good, I initially did that to aggressively pay off my student loans which were pretty small, I managed to pay most of it off while still in school. I did lost about $2,000 in matchback though.
The ETFs are represented by a stock ticket. You just log into your brokerage, (like vanguard), and click buy. You can make a vanguard account in minutes, and purchase these ETFs all from home without interacting with anyone.
*stock ticker not ticket sorry
I'm 28. There's no way I'd pay into that bubble, because it won't exist when I need it. Who the fuck is going to foot the bill when I'm 65? Niggers and beaners? Yeah, okay…
Some companies only match 401k contributions if you choose the company's stock options.
I did learn via some old people last year that you should at least have a roth-ira to avoid paying insane taxes if you ever lump-sum anything.
Mod reminder: Off topic posts (e.g. religious discussion) will be removed. Do not derail threads.
>The entire postwar world order will live and die with the boomers. Same with television.
absolutely solid statement. there is a solution.
>say 'No' to Telavivision. there is no saving the materialists. they've been marinated in the JWO lifestyle for so long, they're better off going the way of the dying boomer
>say 'No' to jewsury mortgages. how is it that people see the total amount paid during the amortization of a 30-year mortgage, and consider it "an investment". love 'em or hate 'em, the original christian, as opposed to the Scofield Judeo-Christian, rejected usurious practices. jewsury was forbidden
>say 'No' to paying $30k - $50k for a vehicle. it isn't that difficult to find a used car that was top of the line when it rolled off the assembly. discretion in the manufacturer is a critical point in choosing which used car to buy
>absolutley FUCK the edujew scam. everything an individual needs to know about a given discipline is available for free on the net. the same moms & pops that cannot save for retirement spent major goybuxx to put their children through advanced Marxist indoctrination. instead of getting an engineer or doctor, they get a pink-haired, skinny jean wearing commie that hates them for not doing more for mega-numbers of low-IQ niggers being pumped as though there was a shortgae of mouths to feed on a roch teeming with 8.5 billion useless eaters
>stop expecting someone else to create a job for them, and create a job for themselves by creating their own company/business
When you own an index of roughly 5,000 companies, you are not using products from even 10% of them. Just because you pay for products from the same entities you've invested in doesn't make it a ponzi scheme at all, you have to explain that logic to me because that's not how a ponzi scheme works. When you own stocks you are taking advantage of inflation because the companies are comprised of many physical assets which will increase in value under inflation.
That sucks if they limit the matchbacks to company stock I wouldn't suggest investing in individual companies like that. I would put everything in my roth IRA if I could but the limit is only 5500 a year.
No bullshit, for side money I help a legally blind 80 year old woman proofread her work emails and write letters she dictates.
She is 100% lucid, lives on her own, works out every day, has a busy job managing a hedge fund, and has more friends than I think I ever will. She goes to gallery openings and movie premeries I didn’t even know about almost daily.
I think staying active as you get older is more important than people realize.
She’s also on OkCupid currently looking for someone her age.
If I can give one piece of advice to how "financial advisors" screw you it's this: they advise you to use funds with a high EXPENSE RATIO which is the tiny cut the fund maker takes. Check your 401k fund expense ratios and make sure you know what they are before you invest, or switch out of them if you currently hold them. The expense ratios fucking add up over time man, it's hard to see it at first. You wouldn't think a 1% expense ratio is bad if you're a layman, but that's FUCKING HORRIBLE TRASH, if you have 100k invested they are taking a thousand dollars from you every year. You shouldn't accept an expense ration above 0.1% and that's on the high end. Vanguard offers the widest variety of low expense ratio funds and you can just make an account with them online for free. The one I'd just advise to anyone is VOO, it's basically just the S&P500 with a fee of only .04%. Heck I even use vanguard as my savings account using the 2% yielding money market fund just to fight inflation on my cash reserves a bit.
Lol baby boomers now expect millenials to pay for their pensions.
Imma buy their house when they die.
There'd be nothing wrong with a system like that if shit-skins weren't involved. When you're old you'd want society to help you too, as you spent your youth building it.
Ideally, yes. Boomers decided to exit the social pact you are describing decades ago, hence the animosity between them and Millennials.
Boomers will shout all day at Sean Hannity about the goddamn national debt, and then clutch their pearls if you want to discuss reforming Social Security, Medicare and Medicaid, which together account for nearly half the federal budget. They claim to be such financial geniuses and yet they fudge the math when it comes to raiding the national treasury and passing down the bill to their grandchildren. The second largest private organisation in the world after the Roman Catholic Church is the AARP by membership, so there's no way in hell we'll achieve meaningful reform until there's an actual great depression followed by Weimar style hyperinflation.
Economic growth should match population growth, meaning as long as the next generation has kids at the same rate, things balance out.
There should be more demand for workers than the current population so as to drive demand for babies, but at the same time people should not be imported to satisfy that demand.
I have had two successful businesses that I have enough money to retire with a family comfortably and I'm working on a third currently.
The amount of idiots of all ages trying to start a business was staggering especially because I was young making good money in my first year they would ask for help which always turned out to be a waste of time.
The first thing you will notice most people are too dumb and have delusions of grandeur looking for a get rich business, don't want to work at all or just a crappy product they are obsessed with because they made it like one of the trillions of tshirt companies. Think of multi marketing type people that is how most people that said they owned a business were.
Not a business where you lose tons of sleep, get your hands dirty, the last to clock out after hours and never have time or energy for people.
There is a lot of predatory kikes that try to act like they had money so they could "help" you which was just to scam people out of any start up money they had. Or a common was a lease hike where all the kikes get together look at the local businesses they are leasing to and raise rent on the businesses doing well. Or if they couldn't do that they will make up phony inspections needed for kickbacks.
Businesses take way more work and being clever then the average person is a must again not thinking you are but, physically being able to prove it.
When people say Start a business they are not specific because what the person thinks is a 10k ceo a day office business. When they should be starting a blue collar business like tree trimming, plumbing etc. because the competition is retarded tier beaners who just hire their cousins with qualification people will pay more for White blue collar businesses because they know you aren't going to rob them, work harder then any lazy beaner would and have inspected quality work.
DO NOT EVER DO BUSINESS WITH JEWS, ARABS,CHINKS and cautious of Italians/Greeks they are on average the biggest scammers in that order.
Also there is some very talented White conmen that scare even the jews away, you will run in to that seem to have it together may even be verified by people you trust while also far more successful then you but, they are in it for the long con. Often the only way to beat them is just being able to identify them , while disengaging and one of the ways you can tell is them caring way to much about your business "offering" help that they will follow through with to lower your guard.
Keep your business and private life separate.
>Unless you have a very long nose and a funny skullcap on your head
jews jew jews too, anon. they may team up against the goyim, but they aren't really allies with each other
Also a stable paying business to start but its not easy get rich scheme so you will have to work is getting a trucking license which are easier to get then you think then get a Big Rig or "lease" one start your own Big Rig company and drive it yourself, if you are able to do that decently once you get a couple more Big Rigs you can take large company contracts. Sit in your office all day and make good money while your workers generate you income.
$1000 bux in some countries is like living 5x that in America.
i hadthat same idea. bought a 2001 grand marquis in 2014 for $5k. it looked mint, but all the electronics are going bad. all four window regulators died, twospark plugs fouled, the wire connector to the power steering sensor rotted and snapped off, the parking brake cable sags halfway to the ground, the a/c blend door actuator went out, the fuel pump makes a screeching sound, theres more but im tired of typing
this car came from an 80 year old man that died
Maybe. Or the end of the world might not happen and I’ll be glad I saved when I’m old. What am I gonna do with that money anyways? Buy garbage I don’t need?
I deal with Israelis and Chinese on the regular.
Israelis always reneg and pilpul to get the better end of the deal.
Chinese people are masters of bait and switch and know every trick in the book to cut corners and squeeze the most out of every deal, usually by reneging as well.
So sorry the product didn't meet your expectations but we can fix this at just triple the cost.
Their end all and be all is money, which is why they don't trust each other and need host countries as well where they can operate in.
>hey let's massively increase the size of the state and take a fuckload of income from everybody!
>We'll tell them we're only stealing to give it back to them when they get older!
<WTF why didn't these goy save for retirement!? We only took like half their income, how irresponsible!
<Why wouldn't they plan for .gov to steal from and lie to them? It's all we've ever done!
>I guess they'll have to just keep working until they die and leave nothing for they goy children!
<All the while still paying for social security
LAUSD has a 50-65% Failure Rate (students in system K through 12) with almost 1,000,000 total students, that is 500,000-650,000 annually, use the low 500,000 figure, some will die before 65 and some will find careers and invest in retirement, for easy math say half 250,000, leaving 250,000 ANNUALLY leaching on society until age 65 with zero retirement savings. Add in the rest of CA school districts, add in the rest of the Nation.
LAUSD Students Walk Out of Classes as Anti-Trump Protests
LAUSD 72.3% of its students were of Hispanic origin, of any race; 10.1% of the student population was of Non-Hispanic white ancestry; 9.6% of its students were African American, while Asian American students comprised 4%; students of Filipino origin formed 2.1% of the student population and Native Americans and Pacific Islanders together comprised less than 1%
Do the Math
>The amount of idiots of all ages trying to start a business was staggering
Of course. There are several businesses that fail for every business that is successful; and longevity is only a matter of how "good" one is at everything from the accounting aspect to the actual physical business.
Look at those trying to "get rich quick" from something like jewtube channels and t-shirt money. It's sad. And jewtube isn't going to allow that to happen unless the tuber is a fucking jew, or perpetuating the official jew state sponsored narrative. There is a lesson in NOT doing what the lemmings are doing.
On balance, look at the number of businesses that are successful. There are too few! All of the small businesses are sucked up by the corporations until a single individual or a handful of individuals are making huge bank. The secret is to NOT sell out, and to think of progeny/family when developing a sustainable business model, repeat business, longevity and high quality. The White man has lost his way, as a result of the impulsive, "get rich quick", self-image of him sitting on a beach having drinks with umbrellas in them, in his quest for ever more material shit in this earth-centric jew materialistic world.
Remember SBA Loans for LGBT and Minorities that fail and BK…
This thread proves that /pol/ is overrun by 15-year old kids.
why do you think that this is bad? hitler himself said something like "you kids are the future of this nation" if we can get as many fanatical kids on our side as possible the world will literally be ours
$60,000 annual average per person for social services (includes medical) X 250,000 failed LAUSD students = $15,000,000,000
Sorry for double post, but I believe the neck-beard-mommy-basement-dwelling Nu-Males are NOT the main problem here…
>I mean, if you have no faith in the economic system sustaining itself then you should just start stockpiling guns and shit because that's why it would be if markets stopped returning on investment long-term.
Markets give no returns and everything will crumble when bboomer generation is going to retire, which is in about few years now.
P/E is too high.
This is fucking hilarious.
You DO realize, don't you, that when they speak of the retirement savings of working-age people, they are NOT talking about boomers?
They are talking about YOU.
And when you reach "retirement age" (whatever that is), the "50-year-olds that should be shot," or the "old people that shouldn't be allowed to own anything" is YOU.
The SS ponzi scheme has all the bucks it needs to pay the boomers, because a surplus was built up by taxing those boomers a larger percentage of their income than any other generation was taxed, including the current one. The SS ponzi scheme will not go broke while most of the boomers live. It will go broke because YOU demand they not tax the wealthy, to cover those savings bonds, and YOU will be the oldsters that get screwed…by your own actions today.
You keep screaming "boomers" this and "boomers" that, but the people you're really talking about are your future selves.
I guess the dumbing-down of America really worked…
> why do you think that this is bad?
Because kids are dumb.
> if we can get as many fanatical kids on our side as possible the world will literally be ours
How? Make them shitpost police to death? They don't even have the right to vote.
Get real. Kids are primarily used to justify takeovers, they don't have any notable power themselves. Moreover, kids don't have consistency and are easily distracted or misled. I.e. it is incredibly easy to hijack or destroy their initiatives.
>and everything will crumble when bboomer generation is going to retire, which is in about few years now.
The boomers range in age from 54 to 72. Most of the boomers have already been retired for years, and only the trailing edge of them will be retiring in 10 years, or so. Many of the first boomers are already dead, and many will be in about 8 years.
You're running into the same problem most Jews do, the people you've decided everybody should hate are dying off. This is why Jews switched from promoting hatred toward German "Nazi's" to promoting hatred toward all whites, in general.
As the boomers disappear, who will you choose to hate next? Eventually, it will be yourselves.
The entire "boomer" meme is nothing but D&C, because if the wealthy (Jews) can get you to support screwing them over for SS, then they cut off whites from a large segment of the white population that would have otherwise acted as a conduit of wealth from Jew pockets to the economy.
Why you can't see this is beyond me. Do you not know how money-flow works?
AND…for every boomer that has to sell all he owns to survive, there are his offspring that will inherit nothing.
Now YOU may be in line to inherit nothing, anyway, but there are fellow whites that stand to gain at least a house & some valuables when pappy dies, and YOU are actually screwing THEM…while the Jew in his bank laughs at you.
the good news
is that the future favors quality over quantity; in whatever industry he/she may be. what must happen and what will happen is that the non-Jew/White/White Caucasian of Euro descent(they will know one another through DNA) will reject the jew world order of things. He/she will be wise to the jew and his tactics, or he will be a slave to them; be it in accordance with their religious dogma or pure fate. What will happen is that the jew will be put down in numbers, denied his global aspirations, denied his desire for power from the money God, and put back into ghettos among the very vermin he has been promoting as "necessary" to all nations built upon White ideals. the jew will be made to work for his subsistence, the very thing he finds most deplorable in life. he had very good reason to create "work camps". Idle minds and idle hands are the workshops of evil.
the bad news
(If only you knew how bad things really are :^) is that in the future quality will be favored over quantity. There may be small numbers of Whites (White Caucasians of Euro-descent/Non-Semitic/No tainted blood), but they will be of higher quality (it's actually good news as well), but we must march through hell to get to that place where evil is defeated.
One critical maxim that all Whites must understand and adhere to, is old knowledge. There were doctrines and dogmas in-place before Constantinople codified them into what we loosely refer to today as "Christianity". No, this not a bid to get everyone to magically become born-again believers; just to make a logical, reasonable leap from those principles upon which Christianity was practiced and to reject the Balfour/Scofield/New Judeo-Christian scam/Evangelical cuckoldry. The lessons are there for how to live life. Whether one does in fact have some connection to the ethereal, a higher power, or just a logical, reasonable understanding of accountability, responsibility, solid living, quality of life/progeny and what it means to be mature; the result is the same.
don't you guys have forced super like us here, ie that 401k shit
>relying on the stock market as your way to retire instead of accumulating real assets that produce income. I.e., real estate, businesses.
Good goyim. Invest in mutual funds or you'll be poor.
Generally you don't just "liquefy" your investments once you hit retirement age. You're supposed to have an asset allocation that mitigates the risk. A typical way to do it is "age in bonds", so if you're 20 years old, you'd have 20% in a stock index fund, and 80% in a bond index fund, and then you rebalance this at least once a year. So by the time you're 60, you're mostly in bonds, and even if the market tanks you're still pretty much ok.
Sorry I typed that backwards. If you're 20 years old, you'd have 20% in a bond index fund, and 80% in a stock index fund.
> even if the market tanks you're still pretty much ok.
Unless the government defaults, either directly (unconstitutional) or through massive inflation.
One way or another, they're trying to figure out how to default.
I don't think they'll default, since that means they lose control. They'd rather just keep printing money and keep the game rigged and siphon off as much money from the cattle for as long as possible.
Not saying you shouldn't have some physical metals and contingency plans just in case. Just be diversified. Don't bet everything on any single scenario, because that's just gambling.
>"Those who want to be rich, however, fall into temptation and become ensnared by many foolish and harmful desires that plunge them into ruin and destruction. For the love of money is the root of all kinds of evil. By craving it, some have wandered away from the faith and pierced themselves with many sorrows. But you, O man of God, flee from these things and pursue righteousness, godliness, faith, love, perseverance, and gentleness. Fight the good fight of the faith."
If any of the cucks and their retarded offspring actually followed the New Testament, the jews would only be a bad memory. The first time an ugly kike tried to set up a bank, anyone trying to borrow money would have gotten a beating, and the jew would have been hung to death for the crime of usury. Same for the prostitute jews, the faggot jews, the pedo jews, the judaizer jews, the lawyer jews, etc.
>What is a pogrom?
We know they're setting up the necessary infrastructure to remain perpetual, professional victims. Over at /leftypol/ we have the militant front there to act, wittingly or unwittingly, as golem for (((their))) aspirations
- What does the jew and LGBTP+ have in common? They are a scant percentage of the entire US population, that control everything. The same tactics were used by the same group in Bolshevik USSR, and in Germany pre-WWII (read: Antifaschistische Aktion/Stasi and Bolshevik jews)
-while the new-Bolsheviks and the modern-day commies declare that Stalin just did it wrong; one could argue also that Adolf did everything right. Adolf and those under him did it so well, that an alliance of the shabbos was developed to destroy this one ideology that targeted the despicable jew, and all of his degenerate ways.
-the way forward is to use their own tactics against them, and to never make the mistake of being accused of doing them in wholesale. Use tacit methods and dispatch them one-by-one. As they doxx themselves, they volunteer for elimination, and someone out there that understands the larger picture will do gods work
There would be something wrong with this system. Pentions were invented to gain votes, before hand it was an absent social programme. Without this state interference this naturally necessitates the strength of nuclear families where the Grand parents were forced to think and prepare for themselves and save, have children, and build a multi generational home.
Not necessary AFAIK, there is the common economic fallacy that there is only a set amount of growth and a set amount of work to do. This is part of the reason the 8-hour work day is regulated, because politicians thought they could 'spread the work' out longer or to a wider voter base as if work were a fixed item. It's not. There's always more work to do and no population can keep up with the potential work demand.
> Pentions were invented to gain votes
Pensions were invented by industry during the war, as we had instituted wage freezes.
With the war machine at full throttle, and most of Europe in ruins, industry in the U.S. needed workers, and they couldn't pay more to entice workers away from other industries, so they offered pensions and benefits. It was a workaround (we didn't allow illegals in to take the place of American workers, at the time).
Later, it became a tax dodge.
Seniors filing for bankruptcy has skyrocketed but this is what happens when they slept at the wheel for decades.
> I don't think they'll default, since that means they lose control.
Your opinion is based on assumption that there is no way to control US other than through debt, no?
>This is part of the reason the 8-hour work day is regulated, because politicians thought they could 'spread the work' out longer or to a wider voter base as if work were a fixed item.
I distinctly remember worker movements being involved in the whole 8-hour workday thing.
> There's always more work to do and no population can keep up with the potential work demand.
To exist in market economy workplace has to create more wealth than the alternative investment. I.e. if it is more profitable to invest money into increasing productivity of workplace A, the money will not be spent on creating and sustaining workplace B - which means there is nowhere to work for worker B.
>> There's always more work to do and no population can keep up with the potential work demand.
How? Hazlitt, an Austrian(Anti communist) economist, details this economic fallacy. There is always more work to do.
>nowhere to work for worker B.
What? This example is making assumptions. Is there one entity regulating what funds go to which workplaces? Of course a business will study how increasing the productivity of one workplace may displace another, so what, if the work of two factories can be done in one, good, let the worker B find employment where he is better in demand. Private economic institutions should be in place to support displaced workers to re-tool and re-certify, learn new skills to catch up, sadly this is not the case in our socialist democratic countries.
>What? This example is making assumptions. Is there one entity regulating what funds go to which workplaces?
Why would you need one entity? You need only one method for decision-making - profit motivation, in our case.
To put it the other way: the only assumption is that anyone with money to invest will try to invest them in the most profitable way. Hardly something unreasonable.
> let the worker B find employment where he is better in demand.
I pointed out that there is no mechanism to force anyone to create additional workplaces for lulz. You are supposed to expain why do you believe there will be additional workplaces, not blissfully carry on claiming that people should simply look harder.
> Private economic institutions should be in place to support displaced workers to re-tool and re-certify,
They should be true only if it is more profitable than the alternative. Why would it be more profitable?
How much money would it cost to cure & reverse aging for whites?
there's over 100 trillion dollars of unfunded liabilities.,
The central banks and the IMF are their primary means of control. Before 1913, the US was fairly unpozzed. That's when they gained the ability to do a whole lot.
If the US goes into a civil war, then all bets are off as to what the outcome will be. So long as they maintain the status quo and keep everyone pacified and brainwashed, they'll keep raking in the money. Right now they have it pretty fucking good.
>The central banks and the IMF are their primary means of control.
I'm pretty sure there are many ways to control a nation.
> If the US goes into a civil war, then all bets are off as to what the outcome will be.
Not if both sides are your sides.
> Right now they have it pretty fucking good.
How long will it last? New financial crisis is coming, the one that supposed to surpass 2008 and put quite a few people on the streets.
We'v had 2 "market corrections" post-9/11; and we're gearing up for a 3rd. Yes, already (((the banks))) are discussing bail outs for the next bubble burst. They capitalize profits while socializing debt and risk to the golems. A lesson /leftypol/ does not seem capable of grasping is the difference(s) between "good" capitalism and "bad" capitalism.
-The student loan bubble is bursting and, they and their shabbos in D.C. were not successful in punishing the debtor(s) with imprisonment. What they have done is hit the goyim with the credit scam, so that they are unable to live normal lives, despite doing everything right.
By market correction you mean debasement
FORD: found on road dead
Which would that be?
>Which would that be?
Mom & Pop who signed on the dotted line to pay a 30-year mortgage, dutifully paid the mortgage off on time, worked diligently at a polished-slave jerb, abode by the law(s) (read: Magna Carta/Constitutional v. Talmudic easy street for jews), no felonies, no dui's, no prison/jail, no criminal history/background and are leaving their paid off house to their progeny ==versus==
Jeff Bezos, Faceberg, etc (how large of a list do you need for those who are multi-Billionaires? capable of paying off the entire US debt, without ever losing quality of life) … any of those that conveniently gamble/capitalize on a bottomless pit of Joe and Jane goybuxx while socializing debt and risk (taxpayer bail outs/homelessness/T.A.R.P./Too Big To Fail)
No. An old scam that has existed since at least the Napoleonic wars; wherein, someone with the wealth power and control to move markets, got information from one of his paid messengers that Napoleon was losing so he sold off stocks which would indicate Napoleon was winning, triggering a sell off so that he could some in and buy up the depressed stocks, thereby becoming even more wealthy, powerful and controlling. He created an empire from thin-air
-2001 and 2008 have in common that which precedes debasement (unless that's it to what you're referring) known as premeditated wealth extraction
-the US is a debt-based society just as are most Western nations. Were this a method of attracting the finest minds in order to facilitate a strong nation worthy of being a beacon to other nations; there is a point where it no longer needs to be a global talent/brain drain on the rest of the planet
They can't even pull off a civil war that goes the way they want to in Syria. There's no guarantee that it will work out for them in the US either.
exactly. I'm "retired" at 30.
amerimuttland can eat my fucking ass, they're not getting my best years.
if you're not LARP'ing, this good. It is how it was meant to be after all. The term "Social" is right there in Social security; is it not? Being independent is the epitome of the American ideal; untethered from the debt-based society(ies). Look at our BFF's over on /leftypol/ that are pushing for a UBI, without ever doing the math regarding "who"(what demographic) will be adding value in the future. Ima go out on a limb here and guess that it won't be Jose or Juanita who only know how to extract monies and avoid paying into such as system; and it won't be the hordes of room temp IQ niggers pouring into the West by the boatload, incapable historically of ever creating sustainable societies
Fairly certain Pensions will soon be backed by Bitcoin. This should help alleviate some retirement pain.
I think the worst that can happen is a slow economic decline like that of Japan. No single event that could serve as an impetus for change, but a reality where every day is just a little bit worse than the last.
Dont forget to buy guns and ammo. Might he worth more tjan gold if things keep going the way they are
>I would like to see you working when your 80 years old.
How niggers actually talk
Is English your native language? Let me break this down for my own clarity, as I read over your original comments still find them lacking.
>You: Profit motivates increasing the efficiency at workplace A, displacing workplace B
>Me: Let worker B find his need to employers elsewhere as the market commands him, let there be economic institutions to aid his transition
>You: "there is no mechanism to force anyone to create additional workplaces for" NO REASON
Exactly. I never said there should be needless jobs or work or 'excess production' as in communism for no reason except for the sake of work. Read over what I've said. There is always more work to do, the idea that we should fallaciously aim for fewer daily hours to ration out the work is what I'm talking about, politicians will use this fallacy to increase state power and over regulation to 'fix' the economy. This ignores the other side of the equation as Hazlitt says. Once X work is completed there is more to be done, there is always more in demand on the market once one work is completed, it may be production commands in another sector than your's, your fulfillment of the markets demands may hasten your losing a job over a period of time, but this only means that there is more to do elsewhere and an industrious man will seek this new endeavour. Forcing business to pay overtime and limit production hours harms the workers gain and the business' gain, thus unto the whole economies gain.
>They should be true only if it is more profitable than the alternative. Why would it be more profitable?
It is efficient to aid workers in transition to new employment. This doesn't necessarily mean in the same industry, if an industry fails entirely, then let it fail, and let those unfortunate workers find their new place in demand on the market.
>There's always more work to do and no population can keep up with the potential work demand.
Which is good, because it increases the value of having children. Eventually some form of automation, like the mechanical loom or electric motor, takes up the difference.
>Yes goyim, stop producing White children!
Living like Varg with soon become a necessity and not an option at some point.
What about gold and commodities as an investment? I wouldn't want to trust having everything in just an ETF; just all my eggs in one basket, so to speak. Are there any books or Websites that you can recommend to me?
Yeah Ford just ain't the same since Henry founded and ran it. It's a kiked up company now, I'm surprised that it's not headed by a kike at this point, in the same fashion that Disney is today.
>One critical maxim that all Whites must understand and adhere to, is old knowledge. There were doctrines and dogmas in-place before Constantinople codified them into what we loosely refer to today as "Christianity". No, this not a bid to get everyone to magically become born-again believers; just to make a logical, reasonable leap from those principles upon which Christianity was practiced and to reject the Balfour/Scofield/New Judeo-Christian scam/Evangelical cuckoldry. The lessons are there for how to live life. Whether one does in fact have some connection to the ethereal, a higher power, or just a logical, reasonable understanding of accountability, responsibility, solid living, quality of life/progeny and what it means to be mature; the result is the same.
I just try to follow most of the Delphic maxims nowadays. Except for maxim #132, there's no fucking way I'm fighting and dying for ZOG.
Can't really do that since the Jews use (((regulations))) to halt new construction projects. Especially in my kiked up blue state.
>A lesson /leftypol/ does not seem capable of grasping is the difference(s) between "good" capitalism and "bad" capitalism.
Productive capitalism versus (((financial capitalism))). Men like Henry Ford promoted the former, but there's a lot less of that now since manufacturing got (((outsourced))) to China.
Because boomers are the ultimate consumer kike slaves. Stats show millennials tend to save a bit more and Z more than both forenamed.
Only reason these old fags stay rich is because country is flooded with immigrants (legal and illegal) who increase competition for housing (housing costs more) and increase competition for jobs (wages are less).
Lowering the population by stopping immigration and kicking out those without 2 American parents would increase the value of humans. Employers will compete for them and pay more. House-sellers will compete for them and lower their prices.
Everyone earns more money, everyone can afford a house, and all it will require is expelling the flood of immigrants.
Roth IRAs are great but I hate putting my money away to anything named (((Roth)))>>12175235
>▶Anonymous 09/20/18 (Thu) 14:31:41 b48d0a No.12175153>>121752
You could save bullion as a hedge against inflation
>Very few buyers left
There are plenty of buyers still. The 401K system props up stock markets by providing incentive to tax payers to pour tons of money in to the stock market in exchange for locking their life to one company for a pension. This does have a trade off of allowing quality workers to move freely between companies for better compensations instead of working as a barely rewarded cog in a machine for life. This correlates with the largest holder of American debt being the taxpayer in the form of Social Security payments.
Many jobs that offer upward mobilty start at lower wages.
First year electrician = 9/hr
First year painter = 15/hr
Gas station employee = 10/hr
Who do you think will make more in 5 years if they stay working for wages
Plumber = 30 - 45/hr
Painter = 16 to 19/hr
Gas station employee = 12/hr
Putting in time for skills in the right industry leads to real success
Oh shit. Investment geniuses like Soros have nothing to steal now. Get fucked.
> no loan or any of that shit
You want to borrow money when it's cheap, like now.
Yes. However wealthy boomers don't actually care about white people who work jobs.
I think people underestimate just how much middle-class boomers hate "normal" white people. They may feel threatened by the very existence of non-pozzed white people.
>tfw when you become the Jew
When this degenerate society falls, people like (((you))) will be the first to go.
Social security is far worse than this picture lets on. Lets start swith some basic facts.
1. Social security is 100% controlled by the federal government.
2. Social security has assets in "trust funds".
3. These assets are letters of debt, which the federal government is obliged to pay.
What happens when the federal government runs out of tax payers money and needs more? It sells a treasury bond, a promise to pay dollars in the future, on the monetary markets. What happens when social security needs money? It sells a treasury bond, the exact same thing.
No matter if the federal government needs money directly, or subdivision social security needs money, a bond note is sold to pay for it. Social security does not own any assets, since the assets are simultaneously liabilities, the same way a promise to yourself to pay yourself money is.
The purpose of this monster? To convince people it is somehow seperate from the federal government. Eventually social security will be allowed to default, and the federal government will try very hard to convince everyone that the USA did not actually default, just some "trust fund" controlled by it did.
>Boomers will shout all day at Sean Hannity about the goddamn national debt, and then clutch their pearls if you want to discuss reforming Social Security, Medicare and Medicaid, which together account for nearly half the federal budget
I remember the T.E.A Party geriatric with the "Hands off my Medicare!" sign, heh
>9 dollars an hour
Nigger what kind of low-rent, low skill job do you do?
>retirement is a jewish invention
>taking care of the elderly is unwhite
>old people enjoying the last years of their lives is uneuropean
Nigger, I don't know where you're from but it can't be Europe because Europe has a tradition of caring for the elderly going back as far as recorded history and probably before that.
Actually, every society in the world does.
The sheer level of short-sighted selfishness that must define you is mind boggling.
>What about gold and commodities as an investment? I wouldn't want to trust having everything in just an ETF; just all my eggs in one basket, so to speak. Are there any books or Websites that you can recommend to me?
Bueller? … Bueller? … Anyone?
>One thing all Whites must do, is reevaluate the term "value", and what it really means.
>If you understand the Varg-factor, then you understand that he is rejecting any and all kike-trickery which favors their bid to please the money god
>We've yet to see whether Varg's progeny will do what so many (too many) White children do today, casually moving away from home, never to be seen again by their own parents. Instead they are a) robbed of their identities through one of many Marxist/Maoist institutions then b) given the opportunity to latch onto one of the many "alternative" ideologies created specifically for the Pink-haired, skinny-jean wearing materialist soigoy, the very personification of the 'island of misfit toys', that no wants to cut off the part of his dick his femistasi mommy didn't have cut off when he was born, so he can become the woman he "feelz" he is
I don't understand how these fucking Boomers have nothing saved. I started with barely anything and now I have like 40k in investments that I can liquify at any moment. I try to save at least 10k per year in addition to my 401k and other benefits that I get through my work. I'm only 26.
It's mind boggling to me how someone can grow up in the most prosperous time of any country in the history of the world, a time when the AVERAGE PERSON was relatively wealthy, and still save NOTHING. The selfishness of these boomers disgusts me. Every time I see a boomer reverse mortgage their house - basically the only worthwhile thing they have to their name, I just want to drug the boomer, have them renege on the reverse mortgage, then dump their body somewhere so their kids could get some benefit from the boomers shitty life.
These boomers bitch about how social security is supposed to keep them alive and happy with no savings because they're too dumb to do the math and realize that the 40k they invested in their 1960s and 70s dollars isn't worth shit today and that a single medical procedure will run them more than that.
>Civilization is for niggers
I'd love to get a property like Varg and live simply, but that too costs money. I want money not to live super comfy like some wannabe boomer, but in case something bad happens, I'd have a nice little nest egg to take care of things.
No one owes you old age care. Traditionally, people who had kids, who they raised successfully and they respected their parents, would care for them, typically in a multi generational home. A natural order. It's not tradition for state taxation and wealth transfer to take the role of the nuclear family.
>false(what you said is not even true) appeal to tradition fallacy
an aunt of mine worked all her life and wound up broke and still working, partly cuz of her divorce (she didn't divorce rape her ex) and taking care of her daughters and her grandkids after some bad shit happened, was never able to afford her own house.
She always worked low skill jobs so was on low wages aswell.
>She’s also on OkCupid currently looking for someone her age.
Well good luck with that.
>They may feel threatened by the very existence of non-pozzed white people.
They are going to end up like the white veteran whom got murdered by the nigger in the aged care home.
know good places to buy from? tips on how to start? I have extra cash on hand I saved to try to start this. Still young so I could accrue more and more over time and be pretty set to grow a large family and help our people as I age.
>taking a cut of your income away from your own progeny to have 40% of it embezzled by a (((government subhuman))) and 60% funneled to a (((pensioner))) whom you've never even met
Almost as white as literal cuckoldry.
BASED AND REDPILLED
If you didn't create and raise offspring, or lived a life that'd inspire anyone at all to declare
>this man's life was something, he deserves my support
You should die alone.
>Europe has a history of government ponzi schemes embezzling money under the guise of "caring for your stinking elders so you don't have to"
Moshe, please tell me why do I need a middleman (that I don't ever get to see personally) other than Western Union to transfer money to my elderly parents?
Why does everyone seem to be infatuated with one of Sam's worst videos of all time?
the van life may seem appealing, but selling yourself short will only lead to your personal imprisonment. Here's a secret. You become what you think you are.
>Saved for retirement
If you are in debt, and under 30
How the hell would it make sense to "save for retirement" while usury cleans you dry?
we should give more tax cuts to the top earners and corporations.
also get rid of the estate tax.
also deregulate financial industries.
that'll help the working man!
>The SS ponzi scheme has all the bucks it needs to pay the boomers, because a surplus was built up by taxing those boomers a larger percentage of their income than any other generation was taxed, including the current one.
No, it does not. See
The SS "trust fund" is nothing more than a notional record of unfounded liabilities. SS needs a worker to beneficiary level of 2.8 or more to function at a pay as you go level (i.e. at least 2.8 workers paying in for each retiree drawing out). That ratio happened in 2013, which is "conveniently" the latest year for which the SSA.gov site published any data. See pic related or:
Below that 2.8 ratio, all extra social security payments come from the general budget. "Muh trust fund" doesn't exist. These payments from the "trust fund" will come from the US government cashing in US government debt it holds. Where does the money come from to retire those bonds? Yes, it comes from the general budget (or finding some other sucker to buy trillions of new US debt to pay off the old US debt).
The "trust fund" is notionally the same as funding your own retirement by writing yourself a post-dated $10 million check drawn on your own checking account and then spending all the money in that account today.