Topic: Your aging and retirement plan is your responsibility. (Read 1100 times)

People got their priorities, some started thinking of their retirement as early as possible and started saving/investing so they could be comfortable later meanwhile the economy situation is bad all around so people who got responsibilities are struggling to face the present itself so thinking about future is beyond their control for now, they are just going with the flow and expecting a miracle.

People in the past were actually not much different from people today, they had different thoughts, there were those who were intelligent, who were diligent in saving or just buying land and gold, there were those who were lazy about thinking about the future because they felt that today's money was enough enough for today.  If you have a poor grandmother even though you heard that your grandmother's mother was rich, then don't judge your grandmother, she must have a different education and thoughts, she must be because she has a rich mother.

There's no way that we do able to know on whats up into their minds because for sure those ancestors might really be that thinking that they should cherish up the money that they do have on present and doesnt really mind about on the future years to come and would really be that focusing on what are the things that in front of them. If we do really be able to know about those history then it would really be giving out that kind of huge disappointment or something having those murmurs that if they should have done the right thing then we are indeed living a life which is far more better but just like on what you have said
that there's nothing we can do but to accept it out on whats we do have today.

For us who are really that getting old then it would really be just that right that you should really be focusing on how you would be making yourself that survive when you do get old.
Its not bad on minding your childrens future but not that putting 100% on which its just right that you do allocated a little bit for your future and with your wife.
We do get old and its just that right that we do have that kind of funding on the time it reaches that point.

I somehow feel guilty after reading this post.

I currently live in a country where job opportunities are considered a luxury. Given the number of competition plus the lack of any government support for job creation, the priorities of our citizens are shifted towards getting a stable and consistent job. Any kind of financial savings (e.g. retirement plan, investments, etc.) are considered a luxury that most probably be prioritized in the far future. The goal first is to secure a consistent flow of income and any kind of retirement plans will come after that.

With this kind of condition, I feel very blessed to discover cryptocurrencies at a relatively young age. I quickly understood its potentials and on what it can do that may benefit me either in the near or far future depending on the price of BTCs.

I just hope that the government would cooperate in providing the best opportunities for our citizens in order for them to start building a mindset of saving for retirement and other investment luxuries.

That is so true, they're mostly rich before and the vast lands were like all of them and all they need to do is to put fence on it. I think with modernization, everything has changed a lot.

From that generation, there have been a lot of them that have thought about their next-in-line generations and that's why they've saved up and kept their wealth for their children's children.

Yeah, even earning money wasn't as difficult back in the day as it is today. We often hear stories of our ancestors being very rich, having a lot of money in their prime but unfortunately, they didn't make good use of that money, they didn't buy lands, shops, houses, or gold and other important assets that they could store for their generations to come. The wealth they had, they couldn't extend it to their heirs and all of it went useless at the end.

When we hear such stories, we feel sad and bad because if they had done things differently, maybe we could be living a better life. However, nothing can be done about that, but as you said, we should at least make sure that our heirs don't have the same feelings that we do today. So we should make sure we are doing everything necessary to give them a better future if we can.

I don't know how old you are and which of the work you are doing to plan for retirement, and you don't have to blame some people because the work they do might not for retirement, but for the immediate needs. And for someone to plan retirement he must do a job that pays  him a huge amount and not a job of $100. The cost of things now is high so if retirement is planned then the person is civil servant working in government firm or office.

In addition, you must plan you retirement from the salary you are receiving. All Civil Servants like to save for their old age when they have retired from the work but along the line expenses cut them off or payment of debt would just eat all their salaries along the line. There are more expenses for a family man. School fees, feeds bills health etc. And if one plan his retirement upon all these challenges then he is good in management.

The differences in making plans to organize life in old age will not always be the same between one generation and another. Because with each generation there are definitely new things they discover in their lives, which always creates differences in making any decisions to get a better economy for themselves. Environmental influences can also make economic planning different between the previous generation and the current generation, because every time there is new knowledge that is considered better than what people have done before, it will still be used in the lives of the current generation.

I really do look at how the last generation believes in the retirement plan made by their government. Funny how a lot of people nowadays still believe in stuff like that. Do you know how nice and convenient it'll be if you focus just 10 years in your life on work, in that time build a lot of assets and retire at a young age? Retirement doesn't mean you're totally living on the money you've made or saved it's living on your assets .. and investing every single time you get the opportunity.

It really is sad that people still want to work for the government just cause of a retirement plan that they may not live to see. The same thing goes for assets that some people may not live to use. Try to enjoy every day as you prepare for the future so you don't miss the past or regret it.

Generational knowledge that creates many differences in our values. And the environmental differences between the two generations are huge. Hence, decisions about aging or retirement planning are not the same due to the gap and environmental differences between the two generations. That is, as you say their environment was much simpler and not as toxic as the current environment so it is natural to expect differences in economic planning. And we will learn from their lives and build our future according to our plan and how to correct all the mistakes in their life should also be included in the plan.

So much points to rest upon in cordial to why we must put our future and retirement old age in considerations in earlier on While we're still strong, hail and hearten.
If only we can imagine the hard time of living on how we struggles to make life living in the young age, let's then imagine how old age would be at the period of time our organs would be so weak and our mentality will be so low that we can't be to fit in with the demands of stress to still keep the life going.
So While we take such awareness seriously, it'd aspire any individual to buckle up their aging plans.

Young or old, doesnt matter what age as long you are matured enough then it would really be always best that you should be thinking about the future. Dont make yourself that thinking about relying into something until on the time that you do get old on which it would really be something relevant and something that would really be recommended. We dont know on what the future holds and whether our children
would really be helping us out on the time that we do get old or not. As for you both husband and wife when do gets old then nothing beats out if you do have that kind of security in regarding about your future.
You cant really just that make yourself that too confident on where you are at now on where having savings and other that sources on which it leads out on having that kind of security even if you do get old.

This is what people need to understand. Planing for the future is a responsibility that needs to be considered.  Most people never think of their retirement,  how it will be without having any investment.  Most people believe that when they are retired their children that they trained will be their investment and they will be the one to take care of them. This is not a good plan, first when planning to get an investment for the retirement age, it makes one to plan and work very hard for the future.  It is important never to Hope on anybody that they will be the one to come take care of you at old age because you can never predict the future,  the people you are might be putting your hope on may not even do what you expecting them to do for you in the future because of circumstances.

Indeed, investing for old age is not as easy as it says, but that doesn't mean it's impossible to do, it depends on how hard we work to be able to do things that can make us comfortable when we enter old age. While we are young, we can take advantage of all this by doing things quickly, the key is that we must not be lazy just because we are comfortable with our current life. Because if we don't want to get out of our comfort zone, then it will make us lazy to do anything.
We have to design a plan, after that we have to take the first step immediately. Once that is done, then in the end we must be able to be consistent with the commitment we made at the beginning, that is one of the keys that can make us comfortable in old age.

That's it. The State of the economy would always determine how much you'd have to hustleein struggling to make better life. If we're comfortable with the economy situation, so as well the seal and energy of how hard we're pushing to catch up with these profits would be minimal and not like the cock and the bull fights we find ourselves in.

It's obvious that the economy situation keep going difficult time after times, generations after generations because I could remember during my childhood times when my parents were at the top of making things to happen, the most stress they faced was due to lack of developments and technologies but the economy system was stable and comfortably fitted.
But here in my generation where those developments and technologies has come to exist which was ought to make life easy for us, things are seem to even go harder and difficult for the average persons to survive it. So, there's no just option than hardworking earnestly to be searching for a better living inclined on how our old age and retirement are sighted are threats. We really have to double our energies and to hustle and make this impacts of craving for restful retirement times.

While considering the term "nature of the economy would go tough in generations after generations", let's also consider to plan well against our future generations by setting up some peripherals by which they can also come and inherit to support their lives with the challenges ahead of life during their time.
If my parents have had me in plans during their aging I don't think I'd be battered with all of the tussles of life I encounters today.

It's the same with people who are in their comfort zone and don't dare to go out to seek financial freedom, so they depend entirely on their pension funds. In the worst case, money will not be able to provide balance for their future lives. Not to mention discussing the increasing need for money for dependents for living expenses, children's education and other health costs.

Your plan is much better than some people who ignore the process of their life in old age. You can invest responsibly by making the appropriate percentage, so that you can balance income, expenses, living costs and investments. The way you are doing is an effort to prepare for a much better life in the future and if you are consistent then I am sure that in the future you will get much better benefits than now.

Without preparation we will not be able to carry out and strategies are needed so that we can enforce the investments we make. It is important to remember that without thorough preparation we will not be able to achieve a better stage of financial freedom in the future.

That's why it is our responsibility to think about the future from now on, there is no reason in my opinion because everything can still be changed if we really think about the future.
It's too easy to say, however, we still have to try to make it happen, even if it's not optimal, but at least it's not just empty talk.
Our life in old age is our own responsibility and we have to think about this, whether it's investing or building a business for the future. Apart from all that, there are several things that must be paid attention to and prepared from an early age.

Depends on the nation and the rate, there are nations that charge very low, quite liberal nations basically, and they do basically nothing. That is a method where everyone is responsible for themselves and it does work very well for mid to high income people since paying less tax means they will do better but for very poor people that is a bad method.

There are nations with very high tax but a great return, maybe it may not be like that anymore but that is what worse nations were considered as, you pay a huge tax there but you get everything you ask for there as well. The real problem is the nations that both charge a lot but also does nothing, those nations (like USA) are the real problem because why are you even taking the tax if citizens don't see anything back?

It's really easy to say, especially if we see what's happening to them now, but we don't know what they went through before and the reason why they didn't have retirement or any investment, especially back then when not everyone had the ability to have money or other source of income and all they do is work to make a living for their family. Since the situation back then is far from now, hopefully in the coming years, the number of people who do not have retirement or any investment to get when they get old will be reduced.

In some cultures, those countries that are family-oriented, they are pushing their kids to sustain themselves when they get older. But IMO, it shouldn't be like that anymore, and the good thing with this is they are realizing that these parents should allow their kids to enjoy life and their money. They're not obligating their children to support them and that's why they're still working hard. As for these kids that become well in life, it's not a problem if they are going to give back but they're not obligated to do so. But of course, as you appreciate your parents, you feel obligated to do it but just do it when you're in a well situation.

Yes, I myself is definitely preparing for it. Even if I want to purchase things that might make me happy although not a necessity, I'm keeping the money for my retirement so that I wouldn't be reliant to my children as I get older.