Cross posting from hexbear, https://www.hexbear.net/post/164153
I’m too poor to save for retirement. Everything I make gets used immediately.
Living from paycheck to paycheck is the best I’ve ever managed to do. FeelsBadMan
deleted by creator
yup, here in Brazil we have a public retirement plan that is mandatory for our main work regime, as of now it’s 8% of the worker’s gross monthly income, besides that I save more by my own
I am saving in general for life but I have not yet planned specifically for retirement.
deleted by creator
deleted by creator
What do you mean by “pension scheme”? Social security and similar programs are basically ponzi schemes, ya, but most private retirement funds just let you invest the money in stocks and/or bonds with tax benefits. Are those schemes?
deleted by creator
I’m still not understanding your position. If you have an investment firm that offers brokerage funds and IRAs, is the IRA any more scheme-y than the brokerage fund? Or do you take issue with the idea of mutual funds as a whole?
deleted by creator
deleted by creator
Yes. I’m saving for my wife’s and I retirement. I also want to make sure that our kids don’t have to support us when we are old.