Your aging and retirement plan is your responsibility. - page 5.

Iranus

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Quote from: goaldigger on April 24, 2024, 04:08:08 PM

Quote from: Cryptomultiplier on April 24, 2024, 03:35:15 PM

Diversifying BTC for retirement plans is not really my thing because at the end of the day, there would be no reasonable profit for the original investor and the investor would be left with the choice to either hold or sell when old age comes and if they didn't get to introduce their siblings or grandchildren to BTC , the coins would be lost.

Having crypto as your retirement plan is fine, as long as it is well planned and of course as long as you know how to take profit. Seriously, I’m not too focus about my retirement since I’m living my life everyday to the fullest since I can never know if I can stay alive during my retirement although of course I still prepare for it but it’s not for my self anymore, I prepare for the benefits of my family and crypto can also be a good choice for your retirement option.

I'm not pessimistic but I think I have the same outlook on life as you, besides the fact that we don't know how long we can live, plus life is full of difficulties like today. I even have difficulty maintaining my family's daily living needs, so I don't really dare to think about things like retirement or enjoying life. Between retirement and my children's future, I will prioritize planning for their future more than anything. Therefore, I have never and have no intention of planning for retirement.

Even on this forum there are hundreds of threads talking about inflation and people struggling to deal with it. That shows that the majority are still facing many immediate challenges, how do we have time to think about retirement?

Z390

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Quote from: peter0425 on April 21, 2024, 08:36:27 AM

Unfortunately sometimes I feel like I know a lot of people like this too.

They just get old with no particular plan in life. They aren’t exactly struggling always but they are also not super rich but it seems like it’s just that they don’t care anymore or they have given up already. Either way that is the reason why I think we should start as early as possible to invest for our futures.

It hurts when something similar is happening to your own blood, who have fought some tough battles in life when it comes to financial freedom, today he just gave up, tired of fighting, and when I asked him why he said he is tired, someone at the age of 30+, he said he only cares about having food on his table, but I believe this was out of anger.

Years back he was one of the few people that won't let me invest in Bitcoin with peace, they tried to hard to talk me out of the idea but I am glad I never listened to them, how is the situation of the country has turned out to be is a shocking event for them.

Many people never knew that things could get this hard in my country, but I saw it coming, normally I am the type that doesn't like asking people for help, so I always fight for myself so that I won't go around putting my problems on others.

When you give up on yourself is where everything ends, some people don't have that strong sense of a never ending struggling, they get tired easily.

slapper

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People don't realize retirement isn't far off. Your entire future is approaching, whether you realize it or not. Even smart people ignore the problem. It's crazy! Despite money accounts and tools, people won't plan. Like they expect today's salary will endure forever. Really awful gamble

You choose Bitcoin for retirement is a brave move. It's not just about money; it's about control. You won't be taken off guard if the old system fails, which happens often. Consider those elderly struggling; they're warnings, not fiction! Listen to warnings, plan ahead, stay safe. Instead of textbooks, we study by watching. Save, invest wisely, and remember that the future begins today

TravelMug

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Quote from: AVE5 on April 21, 2024, 07:43:56 AM

I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.

I guess it's the conditioning of the society that most of us are not bothered about retirement plans until it's too late. And we might not seen this to our parents as well, as they grow old and again past the critical state that they can't go back and correct the future and then you as a kid will inherit that kind of mentality. And hopefully for us, we will have our own kids as well and so it's better to think our their future and our retirement plan as well. Maybe some of us are still working and so this where our crypto investments comes in, at least in just one full cycle in Bitcoin (4 years), we could have save and accumulate money so that in the next year or so we are be ready when old ages comes in and we are not longer in our prime to work and go on retiring.

Gozie51

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Quote from: God bless u on April 25, 2024, 09:10:54 AM

When you think too much for the future you can not enjoy the life that you're present in and that's the most negative effect over planning have on your life.You should plan up to a limit but don't exceed in thinking of that.

You can only be comfortable without planning if you have already planned properly for your old age and it is said that he who fails to plan has already planned to fail. Nothing is too much to plan for old age because it is actually a helpless stage of the life we living just like the newborn babies who are helpless to whatever is confronting them. If you have an issue that you can not solve as a young and able bodied man then you can compare that with old age. Therefore, you need a constant plan for the old age until it is put in right perspective before you can relax on that. Planning up to a limit is when you have settled that all is good for the old age.

DanWalker

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Quote from: AirtelBuzz on April 24, 2024, 10:29:21 PM

Quote from: AVE5 on April 21, 2024, 07:43:56 AM

~snip~

Yes you are right it is our own responsibility to plan for our aging and retirement. If we can plan and save our money properly from a young age by thinking about that future, then maybe we will be able to use it properly in old age. But the country where I live has a lot of economic recession. The high cost of living of the common people in our country due to high inflation is making people's lives miserable and difficult. As a result they have no way to plan for the future or save money for the future. There are many people in our country who have no future plan their only plan is how to eat and survive, that is their main aim.

.

No one wants to live in poverty, no one wants to grow old with nothing, those are the basic things that any adult thinks about. But the problem is that today's world is too harsh, we are even struggling to cope with inflation, recession, crisis...there are too many problems we have to face. Many of us have not been able to ensure our short-term life needs, so how can we dare to think about more distant things? As long as we can ensure our short-term and medium-term needs, then we can dare to have a retirement plan for ourselves. There is a huge gap between saying and doing and things are much more difficult than we think.

God bless u

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Quote from: shield132 on April 23, 2024, 04:22:01 AM

Quote from: Solosanz on April 21, 2024, 09:52:23 AM

Most people who don't care about retirement is low or low middle class people.

Their parents didn't teach them how to manage money, their curiosity make them want to explore anything and since they always get bullied due to being poor, now they want to prove anyone if they have expensive stuffs.

It's a trauma that makes them like that, since I'm not in their shoes, I can't relate and they might have a point for doing that.

I can tell from my experience that Americans and Europeans care the most about retirement plans. In my country retirement plans don't exist, people work till they can or die. Too many people in their 70s work where I live and I have even seen some 80-year-old people working as a cleaner and in farming.
In poor countries, young people don't earn enough to make savings and when their parents grow older, their kids, now adults, have to feed them and take care of them. Years pass, parents die and these people still don't have any money saved. Then they get older without a retirement plan and then they end. That's what lifecycle looks like in poor countries. Parents luck education and their children have to pay for it.

Yeah I think you are right to some extent. European propel are worried for their retirement plans the most and they plan slot for their retirement. This is not a negative thing to do but thinking too much for your future is also very harmful.

When you think too much for the future you can not enjoy the life that you're present in and that's the most negative effect over planning have on your life.You should plan up to a limit but don't exceed in thinking of that.

Marvell1

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Quote from: Helena Yu on April 22, 2024, 09:47:12 AM

Quote from: Marvell1 on April 21, 2024, 11:23:38 PM

From your post, I don't see you have any plans for your old age, what you might be thinking of is investing some money in bitcoin and thinking that it can help you earn some big money when you get old. But have you ever thought about the scenario where bitcoin will not increase in price in the future or will it become worthless as you get older? Anything can happen and if you really want to have a fulfilling old age then you need more than a plan to invest a small amount in bitcoin and expect it to make you rich.

Nothing surprising, most of new generations are trapped into self pro claimed motivators' mouth. Most of them always suggest people to invest to get rich, while invest is actually the last step to increase/protect your wealth.

Frankly speaking, many of us are still living on family allowances, many of us are still working hard to take care of every meal for our families. Life is increasingly hustle and bustle and we have to race against time just to take care of tomorrow's meals, making money has never been easy.
I never even dared to think about retiring, let alone planning to retire with a huge amount of money. As we grow up and have families, we will understand that there are many things to worry about, there are many things to prioritize besides retirement. I believe those who are married and have children will understand what we are going through.

AirtelBuzz

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Quote from: AVE5 on April 21, 2024, 07:43:56 AM

I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.

While I've come way too far thinking about this as I also goes around the towns and sees old people aging so helplessly as they're vulnerable, I fear not to be in such situations so then, I'm striving on making positive differences.
I've decided to have a diverse of my bitcoin investment for my retirement purpose.
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

Yes you are right it is our own responsibility to plan for our aging and retirement. If we can plan and save our money properly from a young age by thinking about that future, then maybe we will be able to use it properly in old age. But the country where I live has a lot of economic recession. The high cost of living of the common people in our country due to high inflation is making people's lives miserable and difficult. As a result they have no way to plan for the future or save money for the future. There are many people in our country who have no future plan their only plan is how to eat and survive, that is their main aim.

But OP as you say those who have extra money and have enough money to save for the future may be better off opting for bitcoin investment. If Bitcoin can be deposited regularly from a young age with a future in mind, it will be much more beneficial for the future.

NurseHub

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In this case of not investing for the future, I have come across these things a lot of times, and I keep asking why they live such a life. Even before the economy got to this point, this had been happening.
Some of this is the fact that they hope that this opportunity will surely come back to them, and when it comes the second time, they can use it to build up for the future.

Ignorance is one of the major reasons for this.

While growing up, I could remember a time when opportunities came to my place (the community), and there were a lot of chances to work in a company given to youth and older men. Unfortunately, lots of them sow out their chances to other people, use the money for flexing, and squander it without proving anything. And unlucky for them, this opportunity never came back. That was actually the last, and they couldn't make use of it.
And in the same case, there were also men who actually took the jobs and also squandered the finances in the hope that the work would last forever. Lots of people are living a despicable, indescribable life, not putting their future in line of failure. It's not just about the economic system.

Fatunad

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Quote from: stadus on April 24, 2024, 05:00:52 PM

Quote from: goaldigger on April 24, 2024, 04:08:08 PM

Quote from: Cryptomultiplier on April 24, 2024, 03:35:15 PM

Diversifying BTC for retirement plans is not really my thing because at the end of the day, there would be no reasonable profit for the original investor and the investor would be left with the choice to either hold or sell when old age comes and if they didn't get to introduce their siblings or grandchildren to BTC , the coins would be lost.

Having crypto as your retirement plan is fine, as long as it is well planned and of course as long as you know how to take profit. Seriously, I’m not too focus about my retirement since I’m living my life everyday to the fullest since I can never know if I can stay alive during my retirement although of course I still prepare for it but it’s not for my self anymore, I prepare for the benefits of my family and crypto can also be a good choice for your retirement option.

I have to agree. It’s actually fine to have crypto in preparation for your retirement soon. Knowing it appreciates its value in the long run, for me that’s a good investment for our future. However, investing without knowing the basics is like gambling your funds. You should know the risk involved with hodling bitcoin, and should be well aware of its highly volatility. But if your purpose is to hold it for such a long term without having an attempt to sell it, I guess you won’t be highly bothered with its volatility nature. Just stick to your set goals then.

But dont forget that it could also depreciates on which it would really be just that right that you should be also thinking about the probabilities about declining in price on which this is something that could really happen out. We do know that when it comes to this aspect then there would really be those possibilities that it could really be having that kind of opposite condition on what you are anticipating.
Instead on earning you would really be rather seeing your accumulation to be in negative. This is why you should really be that wise on choosing on which coin you would really be holding which majority
would be choosing up Bitcoin but of course there's no such guarantee considering that no one really knows about the future.

Proper planning about your future when you do get old is something that recommended despite on having that government aids or support but you cant know on what would be happening.
Its better to have back up plans rather than on having nothing at all.

DubemIfedigbo001

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If there is something I fear so much, it is not being able to do the things that matter to me because of financial constraints or overly busy schedules. I believe in proper planning and most especially planning ahead of time, I plan sometimes for six months ahead, funny as it may sound, I'm already saving little by little for my December celebrations. I love meaningful investments and I believe in investing wisely to cater for a later time. Old age is a blessing to whoever plans properly for it and a curse to those that neglected preparations for its coming. The reality that a time will come when my bones would not be so strong to carry out strenuous, stressful and mentally engaging activities that I undertake now prompts me to have some diversified profitable investments that will take care of me at the long run.

Everything should not be left for the government alone, its time people started taking full responsibility of their laterdays and prepare adequately, so that if government delays in their compliance, or none coming forth, you can live a normal, healthy and fulfilled life as a senior citizen

stadus

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Quote from: goaldigger on April 24, 2024, 04:08:08 PM

Quote from: Cryptomultiplier on April 24, 2024, 03:35:15 PM

Diversifying BTC for retirement plans is not really my thing because at the end of the day, there would be no reasonable profit for the original investor and the investor would be left with the choice to either hold or sell when old age comes and if they didn't get to introduce their siblings or grandchildren to BTC , the coins would be lost.

Having crypto as your retirement plan is fine, as long as it is well planned and of course as long as you know how to take profit. Seriously, I’m not too focus about my retirement since I’m living my life everyday to the fullest since I can never know if I can stay alive during my retirement although of course I still prepare for it but it’s not for my self anymore, I prepare for the benefits of my family and crypto can also be a good choice for your retirement option.

I have to agree. It’s actually fine to have crypto in preparation for your retirement soon. Knowing it appreciates its value in the long run, for me that’s a good investment for our future. However, investing without knowing the basics is like gambling your funds. You should know the risk involved with hodling bitcoin, and should be well aware of its highly volatility. But if your purpose is to hold it for such a long term without having an attempt to sell it, I guess you won’t be highly bothered with its volatility nature. Just stick to your set goals then.

goaldigger

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Quote from: Cryptomultiplier on April 24, 2024, 03:35:15 PM

Diversifying BTC for retirement plans is not really my thing because at the end of the day, there would be no reasonable profit for the original investor and the investor would be left with the choice to either hold or sell when old age comes and if they didn't get to introduce their siblings or grandchildren to BTC , the coins would be lost.

Having crypto as your retirement plan is fine, as long as it is well planned and of course as long as you know how to take profit. Seriously, I’m not too focus about my retirement since I’m living my life everyday to the fullest since I can never know if I can stay alive during my retirement although of course I still prepare for it but it’s not for my self anymore, I prepare for the benefits of my family and crypto can also be a good choice for your retirement option.

Lanatsa

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Quote from: Cryptomultiplier on April 24, 2024, 03:35:15 PM

Quote from: AVE5 on April 21, 2024, 07:43:56 AM

I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.

While I've come way too far thinking about this as I also goes around the towns and sees old people aging so helplessly as they're vulnerable, I fear not to be in such situations so then, I'm striving on making positive differences.
I've decided to have a diverse of my bitcoin investment for my retirement purpose.
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

Diversifying BTC for retirement plans is not really my thing because at the end of the day, there would be no reasonable profit for the original investor and the investor would be left with the choice to either hold or sell when old age comes and if they didn't get to introduce their siblings or grandchildren to BTC , the coins would be lost.

That would really be only the cons when you are really that tending to accumulate crypto which it isnt really just that Bitcoin but also in other coins as well on where there's really a tendency that those coins would really be lost specially if you havent told someone in regarding with your holdings and since no one would really be able to know on when you would pass out then those coins would really be lost forever
not unless if you have told someone in regarding with your posession and telling about your PK then those coins would be retrieved out or could be accessed but we do know the particular risks once we are still alive and other people do have that awareness of those keys which it could potentially stolen. This is why when in regards to retirement and on the old age condition then majority would really be still
preferring those old traditional ways.

Having some crypto holding wouldnt really be that a bad idea but of course you should really be preparing for those cons that it would have and it would be such a waste
if there's no one would be able to benefit it out just incase of emergencies.

Cryptomultiplier

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Quote from: AVE5 on April 21, 2024, 07:43:56 AM

I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.

While I've come way too far thinking about this as I also goes around the towns and sees old people aging so helplessly as they're vulnerable, I fear not to be in such situations so then, I'm striving on making positive differences.
I've decided to have a diverse of my bitcoin investment for my retirement purpose.
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

Diversifying BTC for retirement plans is not really my thing because at the end of the day, there would be no reasonable profit for the original investor and the investor would be left with the choice to either hold or sell when old age comes and if they didn't get to introduce their siblings or grandchildren to BTC , the coins would be lost.

Dewiana

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Quote from: dimonstration on April 21, 2024, 09:31:37 AM

Quote from: AVE5 on April 21, 2024, 07:43:56 AM

While I've come way too far thinking about this as I also goes around the towns and sees old people aging so helplessly as they're vulnerable, I fear not to be in such situations so then, I'm striving on making positive differences.
I've decided to have a diverse of my bitcoin investment for my retirement purpose.
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

Ever heard of insurance or pension? This is what senior citizens using on their daily life aside from their savings. I have a veteran grandparents that has a pension sufficient enough to support a big family since he made a lot of contributions during his active work.

He manage to have good life and financially stable after retirement due to his pension and insurance which paid from his job salary. You don’t need to venture on investment if you have a decent salary for career. Relying on Bitcoin alone will not gonna work because you will need to have a good source of income just to sustain the growth of your investment.

Having a good career path is still the best so that if your future investments doesn’t turn out to be good, you have a guaranteed source of income that can provide you a future savings.

All of us must experience ups and downs and also use our old age to just enjoy the results, therefore we must make long-term plans so that every opportunity must really be utilized to the maximum. The latest world developments must also continue to be monitored so that when there is a small opportunity we can invest, like today's crypto, we must also be able to set aside our money every day, even if it is a little, because that will become our capital when times are difficult in the future. Youth must be utilized as fully as possible because only ourselves can protect us

Hamphser

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Quote from: bakasabo on April 24, 2024, 02:47:47 AM

Quote from: Don Pedro Dinero on April 23, 2024, 08:45:41 AM

Well, that depends. In many European countries, if you have nothing when you retire, the state gives you all sorts of benefits, and even before you retire. What happens is that these benefits are only for subsistence, not much more. But knowing that the state network is there makes many people not to worry about their retirement. However, the best thing to do, even if you have a public pension in the future or benefits if you are not entitled to a pension, is to supplement it with savings and investments throughout your working life.

That help from government for retired people differs from one European country to other. I live in a European country and my grandma receive only such benefits: free public transport, discounts for city-to-city transport, once per month she get some food package from "pension fund" that consist of cereals, sugar and few cans with vegetables. I would not call it even as minimum survival package for a week. I call it as total absurd, when average pension is less than minimum living wave which is less than minimum monthly salary.

There are really countries on which they do really have that much better programs which are really that intended for elderly on which they would really be that somewhat that do able to make themselves
having that kind of assuring condition that they wont really be that be struggling on the time that they would be able to reach out those retirement days on which it would really be that a good situation
or part for them. This is why most of those old people would really be that confident that on where they would really be ending up and not really just that planning too much whether they would be saving up
that much for their future conditions just because they do know on the benefits that they could really be able to get but of course just like been said that this would vary from each country because
not all would really be on the same condition or situation.

AnonBitCoiner

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Quote from: Uruhara on April 24, 2024, 12:09:52 AM

Well, it would be better if we could take lessons from the people around us. We don't need to experience the difficulties experienced by others if we can learn from observing the mistakes made by others. And so that we can learn and not step on the wrong path like others do.

Preparing for retirement so that you are in the best condition is everyone's dream. Especially if it is financial freedom. So it would be better if we spent more time working when we were young so that we could relax more when we were old.

Yes this is a better way to minimise your mistakes by visualising the condition of other people but some people don't share their mistakes but start to blame the selected field. I think one should analyse the whole situation and then work according to it so he can identify and differentiate between good and bad things.

Everyone should think about the financial system after retirement so if someone has not retired yet then he can make all his plans prior to retirement because making plans before the situation happens can help you in making good decisions.

We have to save money and invest from a younger Age because a sudden situation at the time of retirement can make us distress and we will spend all money without planning and thinking about the future therefore spend according to your adopted plans.

iv4n

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Quote from: AVE5 on April 21, 2024, 07:43:56 AM

...
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

In theory, many things sound easy, but reality/practice is something quite different. What we humans want is to live, and to live means to experience things around us, good and bad. If we took every experience from others how could it be called life?

We all know that we should make plans for the future, but sometimes (rarely or more often) all plans fall through the cracks and we are forced to start from the beginning. As Woody Allen said, "If you want to make God laugh, tell him your plans.". So I understand people who feel casual, without any big plans just living their life. Everyone has a right to their own life and I doubt that anyone can say how best to live, everyone has their own wants/hopes/needs/etc.

Topic: Your aging and retirement plan is your responsibility. - page 5. (Read 1489 times)