How are you planning for retirement at this point in life?
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My bad.
How do you know it’s time to retire?
Moving on from a productive career doesn’t need to be a blow to your identity.
www.vox.com
Homeownership is the key to early retirement.
Gen Z has missed that train.
www.businessinsider.com
Gen Z has missed that train.
Gen Z might have missed out on their chance to get rich through homeownership
Homeownership has made some millennials rich. Gen Z might not be so lucky.
www.businessinsider.com
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My last resort is move to my land and live in a mobile home. Another option is become an ex pat and travel.
Why 'paying yourself first' is the key to a comfortable retirement
One of the most effective retirement savings strategies is to pay yourself first. In his personal finance column for CTVNews.ca, Christopher Liew outlines strategies for consistently saving and investing over time and building a solid nest egg.www.ctvnews.ca
Always pay yourself 1st in your 401k or IRA....Then put a bit away monthly in your savings account. Eat at home, be frugal but enjoy yourself, don't follow the crowds, pay your car off....If you do have a car payment drive something economical that will last.
Most millenials have too tbh.Homeownership is the key to early retirement.
Gen Z has missed that train.
Gen Z might have missed out on their chance to get rich through homeownership
Homeownership has made some millennials rich. Gen Z might not be so lucky.
What to do if you're worried about running out of money in retirement
Inflation is putting more retirees at risk
theweek.com
unfortunately, this is the thought process of many Gen Z's......
mufuckas gonna be 60 years old......lookin at u then lookin at their watch like......."nigga die already so i can live".......
Many of these politicians strut around about gutting unemployment insurance thinking they have forced a lazy black worker into the job market willing to accept low pay. The reality is a laid off worker is now tapping into their 401(k) just to make it until they find another job that they accept at a much lower pay rate.
Anyways, you have to start here and fix these issues before you start bragging about the benefits of 401(k)s becoming millions of dollars which is not reality for most people if you were living paycheck to paycheck. Employers are suppressing wages to unseen levels.
Anyways, you have to start here and fix these issues before you start bragging about the benefits of 401(k)s becoming millions of dollars which is not reality for most people if you were living paycheck to paycheck. Employers are suppressing wages to unseen levels.
One of my closest homeboy's grandfather, taught his class one day, and didn't wake up the next. Worked right until the end.
Bruh, this...is...cold! Stack it up and live it up.
THIS...
It's not there for all of them, while others would be great mentors.
Age discrimination lawsuits that came into effect with the Baby Boomers got out of hand stifling my generation and made employer reluctant to fire workers that were eligible for retirement. Once you are eligible for a pension and/or meet the threshold for retirement assets, you should be employment at will.
Many of them did retire but then went back out to double dip, taking lucrative opportunities away from Gen X.
What about their extensive experience and knowledge base?
I am constantly encountering their simplistic, not well thought out ideas that hinder the next generation, it was factually wrong. Many of them should quit and leave in shame. It should be a starting point of what not to do. I am starting to see the next generation take my ideas and build amazing things. At least I was heading in the right direction.
When the standard of living outpaces wages consistently, how you can invest, when you can't even SAVE?
Just the post I was waiting on. Everyone that is in here doing their part, you should, and I applaud. However, it just another tool of capitalism that puts a little balm on having to work until you die, thinking you can work and become your boss. You can become your own boss, but you can never become "your" boss. None of our employers believe we deserve that kind of money.
Look at the cost of living index, itemize what people spend on to live in said demographics, the math will math out the rest.
Sh!t, it's the move right now. This criminal enterprise doesn't have long.
Very.
There was no train. That mode of transportation with the oldest generation on the planet: boomers.Homeownership is the key to early retirement.
Gen Z has missed that train.
Gen Z might have missed out on their chance to get rich through homeownership
Homeownership has made some millennials rich. Gen Z might not be so lucky.
Can't miss a train that ain't have no tracks to run on.
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A Gen X dad who commutes over 10 hours a week to work in a different state says it's advanced his career but takes away from family time
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Man there was a time, I was like, I cant wait to fully retire,
but as I mature, and I see folks that fully retire..
Its like they start to really slow down, and few even get sick
and pass on...
and I know of a few cats that instead of fully retiring they just cut their hours down,
and work the days they want to work...of course these are folks in a position to do this..
ceo's, business owners, heads of depts..
but they all say, when you slow your life down your body will follow..
Im gonna keep it movin buut to answer your question....
I think the must have nest eggs are roth ira, whole insurance, side gig...
but as I mature, and I see folks that fully retire..
Its like they start to really slow down, and few even get sick
and pass on...
and I know of a few cats that instead of fully retiring they just cut their hours down,
and work the days they want to work...of course these are folks in a position to do this..
ceo's, business owners, heads of depts..
but they all say, when you slow your life down your body will follow..
Im gonna keep it movin buut to answer your question....
I think the must have nest eggs are roth ira, whole insurance, side gig...
B.C. parents changing retirement plans to help adult children pay the bills
B.C. families are working together to get ahead amid the housing crisis and the rising cost of living — but there are trade-offs. Read more.
Talked to a few coworkers in their late-50s and they said they were doing ok financially, but plan to probably keep their names active (on-call) once "retired". Or just maintain some part-time work to have their benefits.
I think the key in retirement is to just keep yourself busy or engaged with stuff that makes you genuinely happy. My mom turns 74 next month and retired in her early-60s. She has done alot more travel in retirement ... been going to the gym ... been a part of a dragonboat team (still active) and also goes to the movies, and is part of a book club & music group. Used to be part of an adult choir as well. Things like that ... she's spent more time with her older siblings as well, and the nieces & nephews ...
Your mom's is inspirational bless her
Youthful heart bruh .
Give her a high five for me bruh
Thanks!
I told her a number of years back that she looked healthier at 60 than she did in her 40s. Gone was the work stress and the crazy hours. Upped was her health and fitness. She was dressing stylishly ... I was impressed.
Her energy level(s) are pretty good too, all things considered.
She broke her hip just before her 70th birthday in 2020. That was a really scary text to receive from her ... in the hospital awaiting surgery a day or two later. Approx' 6 months into the pandemic.
She took her rehab / recovery seriously, and when I went to visit her in 2021 I was keeping an eye out for her balance and stability, when in fact it was her who suggested going for long walks & a bike ride. That was really reassuring!
She visited last weekend and it was cool to see her moving around without issue. Went for a long walk with her on Sunday evening.
Awesome cherish those moments
Not everybody is blessed with a godly mother
We were blessed..
Give thanks
Every body I know over forty that rides bikes regular
Have no leg or back issues.
I love bike riding..and running and even swimming
I'd so much rather go for a bike ride than hang out in a played out club drinking over priced drinks
Watching girls dance with each other.
Fuck that life..
Healthy Living is the most fun
Nothing like feeling good all over bruh
Well said.
Really grateful for her recovery. Seriously concerned me with her recovery process.
I think her lifetime of walking and bone density helped. She even played over 40s soccer for a number of years.
And I think one of the keys in retirement is having a joie de vivre, so to speak. A reason for being.
Anyone can sit on the couch eating potato chips and not giving a fuck. It’s important to move about and stay engaged.
Hell, her boytriend’s mom lives up the block from them at a senior’s facility. She is 105! If that’s not motivational...I don’t know what is.
