Topic: Your aging and retirement plan is your responsibility. - page 4. (Read 1379 times)

Exactly we learn from other people's mistakes that is why it is good to make a proper investment plan for the future because they are what you will look up to when you are not working anymore due to retirement or old age when the strength to work is no longer there. I feel sorry for some old lettered people in the society, if they tell you their stories you will marvel like you will see someone that once worked in a government house becoming so helpless and what i discovered in the part of region i come from is that most of the educated people in the society only thinks about investing in their children hoping for them to take care of them at old age and this has been a very wrong practice that has been going on for sometime now.
Investing in human is not bad but let it not be that we are going to look up to them to stand as aid in the future therefore while investing on human capacity, let us also invest on more real life projects that will become beneficial to us tomorrow. Am investment lifestyle is a road map to good living in the future.

Yes, many are bothered because if you have a normal salary, you pay almost half of it to the government. It's true that you get benefits back but 40% is too much to my mind, that really bothers me, especially when I have never used sick leave or visited a hospital since I remember But such a system also helps others who desperately need it, so people are fine with it.
By the way, even European pension system is a failure and everyone agrees with that, it's not able to provide future generations of retirees with an adequate income, that's why they move in poor countries to live well there because that's not possible locally if you don't have additional source of money.

It's only in some countries that people do not care about the government for retirement purposes. Countries where there are many public servants working in various sectors like health, construction transportation, etc. It is compulsory that his public servants expect retirement from the government when they are due for it. Expecting it doesn't mean that they won't plan for themselves when they are young. When the news has been everywhere that the government hardly pays pensions and retirement wages. So people are now aware and they plan for themselves like creating a business or starting their own persons company.

i can't agree less with you. Your retirement starts earlier than the actual time you've become old and out of your productive lifestyle. Adequate plan is what's expected of anyone that intends having a good retirement life and how best can you make such plans if not to  make real time investment into assets like Bitcoin that will preserve and protect your financial resource and even top it up with bitcoin increasing in it value doubling your investment over time.

If for any reason you don't make it a must to invest into real time asset while you're still actively working that will certainly grow with time, you will end up aging without a tangeable asset to sustaining you when you've probably left your moments of active service.

Of course, everyone definitely wants their life to be sufficient or rich, but what you said is true about what is said and what is planned, it is different, there are paths that are not in accordance with what was planned. I see the thoughts of those who go to school and they think that after they graduate from school they will work and get married and be happy, I laugh at that, in fact when they graduate from school that is when they just enter the real world, where they will find it difficult to earn the money they need. need that.

Generally, everyone can plan whatever they want, even I can plan to buy an airplane, but I don't know when, because it's still just a plan, there's no certainty. When we are young we have to learn a lot about everything to gain experience, because what I know is that knowledge is not heavy to carry. If we already have a lot of experience, it won't harm us. I agree with you, we have to be more realistic than fantasizing.

Remember that retirement planning starts long before your retirement the general rule is that the sooner you start the better. Your potential amount of money which is necessary for your comfortable retirement is only up to you it may be a good idea to invest in bitcoin as it will provide you with good security during your free time. Saving some of your income by investing in bitcoin will double your savings and you can do whatever you want with your money in your spare time.

Without proper planning or preparation for old age anyone can put himself in a situation whereby they would regret, most people while in their youth or at 30 fail to realise that they also would one day grow old and would have less strength to work and neither can they start at that time to prepare for retirement. One of the ways we can prepare for retirement is to have long term investment that would appreciate over time and we can now live of the dividend that comes out of it, it can be buying bitcoin or maybe stocks, bonds or some shared in a company or maybe property or real estate, it could also be having a business.

One of the ways we can prepare for retirement with bitcoin is through proper accumulation or saving with bitcoin, we can decide to allocate a small percentage of our disposable income to bitcoin and keep on accumulating over time with DCA and with time we would end up having a very good stash in bitcoin.

With my right senses at now, if I'm opportuned of being one of those European elders whose aged peoples responsibilities that are being placed on such amount of funds, I'd not just feel reluctant of my youthful age while because I'm expecting a welfare from the federal government. Oh that's a blow to me if can't set my goals orderly or if I can't live a befit able life at my youth age but would have all those comfort at my ages. I disagree to such weakness.
I can't just imagine it how responsible hard working youth or adults would not be bothered for retirement all because the government would give them cover-up.
Okay if I'm in such State of scenario, I'll even prefer to relocate to a lower and inexpensive region so that while I'm earning my government pension right from the expensive state, I'll be at the lower class regions spending my old age in an economy expenses so that I can still have more to save and create financial inheritance for my ahead generation.

Definitely I'd still have them stored in bitcoin right in a solid non custodial wallet and just keep holding not for my retirement anymore but for making the life a better place for my generation to inherit.
I believe the more we ages older is the more we losts Interests in pleasures so while I'm older enough like that I don't think if it'd be necessary of me living in such expensive cities all just for the sake of enjoying my life.
Clearly speaking, investing and considering your retirement isn't just about you and your old age alone but if you're responsible enough, you'd also consider some certain inheritance of f your offspring generation to inherit.

While I was making this long note, I could picture a lineage of generations after generations inheriting such a responsible retirement goal of Investing and hodling of assets by which the upcoming generations ca also inherit.
It takes one to break a protocol and sets the pace for others to inherit and humbly accepts to follow.

it is indeed an individual obligation, especially if you do not have parents who are able to facilitate us to have a home until old age, a financial plan for retirement is a strategy for achievement that must be achieved and in old age when retired get a comfortable and safe life before we die, most people do not have thoughts about how their old age because thinking too short, no money invested no room for provisions in old age is a mistake.

They think they will be young until they die, even though energy will continue to be drained as time goes by and age, this simple thought may have crossed but was not focused on achieving until finally in old age became homeless and only depended on the pity of our descendants, it is not wrong but also not the right thing, we need to have responsibility for ourselves in old age so as not to make it difficult for others or our families to take care of us because of our mistakes in youth for not preparing for old age properly.

These are the reasons  why people are aging without thinking of the retirement plan.
1. laziness: laziness of not finding what to do, instead they depend from others as a form of parasites.
2. pride: being selective of what to do even when opportunity has been brought to their door step. They will be looking for a lucrative and well paid job without starting from scratch.
3. lack of investment rather depending on salary.
4. Becoming over confident with the job you do without exploring in to diversification.
5. Always procrastinating and thinks that there is time where as that is no much time. Time is very important to everyone and whosoever neglect the use of time and how to make judicious use of it will end up suffering in their old age.

Early death is not due to lack of retirement plan. Don’t blame your genes or shit things that you do during your youth that affect your health because this always the cause of early death not the lack of retirement plan. Actually, Those who have less money during retirement live longer since they only eat a balance diet without consuming fatty foods that you can get on meat that frequently eat by wealthy person.

Being a homeless also is a result of financial mismanagement because you will never become a homeless if you have a secure job that provides more than enough profit. I personally still not focus on retirement plan because I’m still young but I do have savings and investments for my future but I don’t consider it for retirement since our genes is known for having a short life. It’s better to enjoy your current life rather than focus on the future which you don’t know if your life span will be that long. I’m not against retirement plan but I’m only saying that we shouldn’t sacrifice our current life just to have a good retirement.

Everyone wants to become rich, everyone wants to retire early with a huge amount of money, but talking & planning, and doing it are two completely different issues.

What I see is that young people are very good at talking, good at planning and even planning for the next 50 years while they don't know what they will experience next in life. It seems they don't have much practical experience and are still daydreaming that life will be as rosy as when they still received benefits from their family.
I'm not against people planning for retirement, but we need to be a little more realistic instead of delusional. Things are not so easy that just by investing in bitcoin we can retire happily.

Off course retirement plans are solely individual plans and responsibilities and only few are foresighted to see that what they get from their work will eventually end one day as they get older and begin to take practical steps towards their tomorrow and make investment that are sustainable like Bitcoin, real estate etc so that any day nature calls on them to retire from their work they have what they can fall into not becoming a burden to their children and society at large
This is the reason why so many people are homeless and die just few years after retirement because their was no proper plan/ steps taken while they where still active in service

I have to agree with this. It’s not wrong to invest in bitcoin for your future’s retirement or for your family’s future, as long as you are taking calculated risk so you won’t end up being unfortunate because you lose a lot since you put all your hard-earned money there. Bitcoin still cannot guarantee what it’s future will like, but the fact that it’s highly trustworthy and profitable, so investing in it at an amount we can afford to lose is not that bad at all, at least we learn to set future goals, and not just wasting all the money enjoying the present life to the fullest.

I can certainly say that elders from rich European countries move in poor European countries, like eastern Europe and spend there life there. Get a pension of thousand Euros, rent your motherland house and spend your life in other beautiful poor countries where your pension and rent income will give you a high quality of life. But locals from poor countries are really in trouble. Europeans mostly don't bother about retirement plans because they expect governments to take care of them when they become old.

Diverse of Bitcoin investment? You probably mean crypto investment, right?
Be sure that you don't keep your coins on centralized exchanges. Not your keys, not your coins, keep this in mind! Also, the more control you have on your asset, the higher the responsibility you have on your shoulders.

I'm not from a similar country but senior citizens here have almost the same benefit. What about cash assistance?  Not sure if you only forgot to write it up but this one is also available on ours.

The amounts are not that high but at least we know that the governments have exerted an effort and if they gave too much that could cause some problems. They won't be called as assistance for nothing but assistance means it's only an extra help and most of the work will still come to us individuals. If we don't want to get annoyed with that, much better if as early as possible, we will have other sources of income like investments, business, and savings.

Here where I come from we don't think about the retirement plan or take it as our responsibility, because the government itself aren't helping with it they all knows that the retirement plan it's yours but they'll make it hard for you so that you'll forget about it. After forgotten about it then they're the ones to enjoy it by their selves. I'll set my mom as an example, it over 3 to 4 years now mom have been fighting about the retirement plan as I'm talking to you now she haven't still gotten any reply from them. For me I'm not even thinking about it as well because I've set up my plans and investing with Bitcoin for future purposes, no one trust the government any longer mostly when it comes to money so we shouldn't wait until our aging and retirement plan as our responsibility. As we are getting paid we should try and invest or save a lot more for the future, and stop relying with our retirement plan or waiting until will get retired before we can invest or save for ourselves.

We all know the government doesn't care about us, so the earlier we stay away thinking or hoping and believing that our pension money would be released without suffering for it. For it's our investment but the government won't take it that way because of their greed lifestyle I'm not even hoping on them that's why I'll tell my people not to put hope on them as well, many people have gone down waiting for their retirement plan until now even their families haven't still gotten any reply from them. I'll advise people to start investing now because the government aren't helping matters they only think about their stomachs and it's more better you go for retirement before aging because you'll still have some savings and strength to work around for it but the worse part is that you're at age and you don't have the strength to make some movement towards your retirement plan. So let's stay strong and be wise and stop thinking that your retirement plan will solve your responsibility, invest now that you're still working before you get retired.

Obviously, everyone has different circumstances whether it's their economy, their finances or even their family relationships. Indeed, many people are still working hard to be able to meet their needs, such as meeting basic kitchen needs, paying bills here and there, even I think there are still people who put aside their desire to meet the needs of their family. Moreover, it is not easy to make a lot of money, so it is not strange that there are still many people who lack even in terms of eating or their daily lives.

Mainly we have to be able to make a lot of money by working hard, because indeed I myself want to bear all the living expenses of my family it is my dream, especially with later when I get married, right you say after marriage of course the needs will increase and must be considered, it is not strange that there are cases about disputes between our own families and our spouses or wives because we have responsibilities to our wives but must pay attention to the family as well, but there are couples who cannot accept that even the opposite is the same.

When you're young you seldom think of that situation until you realize that you are showing signs of aging and so you are struggling to earn or make more so you have something when you retire and get old that's my experience I did not entertain the idea of retirement until I show sign of aging, there will always a point in our life that we realize that are going to another phase of our lives


I should have learned from other people, aging and retirement should come across our minds when we are earning a lot, because we are not always that strong and sharp to rely our strength to earn for our retirement, early planning is really very important.

The sooner we realise that our governments don’t care about us the better off we will be. State pension is not enough to live on so I fully agree with the OP that your retirement plan is your responsibility. Look elsewhere for private pensions & other investments to ensure you can live a comfortable life in retirement.