Topic: Your aging and retirement plan is your responsibility. - page 3. (Read 1500 times)

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.

Its too easy to say the older generation did nothing for old age, they just did it differently in my experience.  They built businesses and that was their wealth, it was passed on to the family and gave a yield that way also.  Its also true that people just didnt live as long in prior generations, health care made living to a pensionable age more normal going back a few decades but it used to be far less common.   The government itself  underestimated this dynamic in its long term planning, many large companies did and hold a pension debt that is quite hard to handle now.

I would say if you are correct in investment and pay in something from the twenties then it should be enough.  The problem is finding a good long term reliable form of investment, mistakes are easy/

Nowadays people have to be creative and smart to build their own retirement plans by themselves. The times you could rely on the government for retirement are gone... Those who still go through this route will have a bitter surprise once the time of their retirement comes, because it's likely there is going to be enough money to pay a decent wage to every elders, especially because the young generations aren't growing in large numbers in western countries, what will heavily impact the future of our next generation of elders.

Besides that, worldwide economies in general aren't doing well. Those who adopted Bitcoin and other kinds of profitable investments found a gap on the system to maintain their money growing and the patrimony prosperous, but the large mass of people in the world haven't, so they keep suffering the consequences by not seeing any financial improvements on their lives, what also difficults a lot planning their own retirement plans.

To take conscience of the changes happening in the world is the first step towards the right approach on this matter of retirement plans. It's indeed your responsability to find a solution for this challenge.

Well changes are inevitable, and things that are easier before have now turn into complex, that’s why we have to prepare for it so we won’t end up getting rekt and doomed. And investing at an early age could be the best key so we can prepare our aging and retirement soon. Although it’s said that we should not think that much of how our future will be and just focus on our present, but if you are good and responsible enough, you should learn to balance your life, live well today while you are also investing in your future.

Actually its not something that your kids responsibility to raise you or support you when you do gets old, there are really just those individuals who do make it as a priority or something that a must thing to be done as their parents on which telling this and that about on the things that you have spend on them on the time that you are raising them. As a parent then im not really that looking on something like this and just like you said that i would really be that happy on the time im seeing them that they are really that able to stood up with their own feet specially on the time that they would be having a family.

This is why its important that you will really be getting that life insurance and so as with that savings so that on the time that you do get old then you are really that prepared on whats coming
and not ending up on relying with your grown up kids.

That is called the sandwich generation and people are starting to realize that when they get to start with their own family, they wouldn't rely on their kids as their retirement plan. The joy of the parents is to see their kids enjoy their lives and work on their own, having to earn money and let them do whatever they wanna do with their money. The good thing about this generation is that the majority is about to end this sanchwich generation.

Here in our country on which they didnt really mind much about their future just because they were expecting that their childrens or kids when they grow up would really be the ones who would really be taking care of them,and this is why they wouldnt really be tending to be bothered about thinking about their future on the time that they do gets old because they were really that anticipating that their childrens would really be taking of them but we do know that this is a bad mindset because there would really be no assurance that they would really be helping you out on the time that you do gets old. On the time that they would really be having  their own families on which its normal that they would really be prioritizing them over you. So what if you would really be ending up into this situation? What you would gonna do?. Better not to thinkup yourself about having that secure future when you do gets old. Nothing beats out if you would really be that be prepared for whatever you would really be having in future on which dont make yourself that relying into your kids because not all would really be helpful on that time that you do gets old.

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.

Planning is a very important task in every phase of life and every work related to life. It is not possible to achieve success without planning. People who don't plan for their retirement are either very foolish or just plain lazy. There may be no guarantees in our lives but we should still plan for the future and our legacies. It is very important for us to invest in the productive sector in view of the possible future. At the same time the decision to diversify the investment sector to reduce risk is very timely and rational.

Yea, Bitcoin is a good investment for the future and also for retirement purposes but diversifying your investment too will be a nice move, there is a saying that one should not put all his egg in a basket because of the unforseen circumstances, your retirement plan should be in such a way that when this plan fails the other one won't, we have to learn how to plan so that things won't be difficult for us when we finally retire, I have always been a supporter of investment since I got to to know that investment is part of preparation for the future, I retraced my step, money is meant to be invested in a meaningful and profitable future ventures.

How to spend your life after retirement should be planned in advance. Otherwise, you will have to suffer a lot in the last age. Because if a person cannot use the retirement money properly, then he will have to suffer a lot of misery.  It is better to save the retirement money without spending it. And it is better to keep it as an asset for the last age. But it is best if the money can be invested somewhere safe. But most of the people feel insecure about investing the retirement money.

Good plan. No worries, you are not alone with this. My retirement plan is half in cryptocurrencies and half in cash. I won't be left alone without any money because that will be a stressful life. It's better if you have something to spend for yourself once everybody have their own lives and they will just come on holidays or your birthday.
I have also seen a lot of oldies who are having a hard time because of money problem. They did not think ahead and now they are reaping no rewards because of it. People do learn, once they see it, they will try to use a different path.

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.