Be 20 years old

>Be 20 years old
>user, what about your retirement saving?

This is complete madness, right? Worrying about your fucking retirement when you are only 20? Why are ((insurance companies)) and ((banks)) and ((government)) pushing this so hard?

Sounds like financial stability to me tbqh

>don't enjoy your money when you're healthy and in your physical prime, goy
>Wait until you're 70 when you can't do anything to use it
>You might even be dead!

> be 44
> not a single cent saved

Welp, at least I got zero debt and about the time I'll retire I'll inherit my parents' house. So in the worst case I can rent that out and live comfortably in a little appartment.

You won't be young forever, user. What are you going to do when you're too old to work?

To scare you away from becoming a neet.

>what is being an intelligent person and doing both

I'm sure blowing your money on useless shit like vidya and overpriced coffee is really "enjoying your money/youth"

This is because you can make huge amounts with little investment at 20. At around 25, you'll begin looking at your life differently--looking at where you want to end up and working backwards.

Financial planners can help poor ppl too

Boomer here,

Sorry about my generation

>This is because you can make huge amounts with little investment at 20.

the german doesn't understand compound interest?

Sure, saving for later is a good thing. But why does this needs to be a fund where the government is in charge? Just arrange for your own savings. Preferably not in cash of course because then you don't have the money working for you.

One of the best financial tips you can give is telling people they should have their money working for them. Example: not simply owning real estate (liability) but renting it out so it produces more than it costs (asset). You want to have the money active. Another tip would be of course investing in companies, here you have two options: either spend time learning how the whole stock market works or just put it all in an index. Depends on how much you want to risk.

The thing is, it's time for the negative stigma to go away on investing and real estate or even having money. You don't have to be poor and government reliant. Your goal should be to be financially free.

I wish you all good luck in the future and get that motherfucking money. And don't let the government get to it.

I love it how I'm forced to put 9% of my income into a sinkhole and how the government has forced endless waves of mass migration to compete with me for jobs and how property prices are sky high but I'm forced to save so I can afford to rent when I retire instead of retiring in my own property.

It's a wonder more bombs aren't going off near government buildings in Australia to be honest.

You fucking moron the more money you save now the more interest you get also if you start now then you can pay a smaller amount each month and still have a good sized pension where as if you start saving when your 35 or so your gonna have to pay more per month or have a shit pension

They want you to give them your money so they can (((invest))) it for you

Now go to school and learn communism!

Not killing yourself when you are 70 so the state doesnt need to pay you and your son can inherit
Lol

Fuck it

I'm 34 and have zero in the bank

Retirement age for me will be 70+ in the UK

Also

>implying any of us will live to old age and not die in a thermonuclear Holy War

Improve.

The market is a huge ponzi scheme. To make it work, it needs constant infusions of cash to pay out the returns that they have come to expect. This means there needs to be an ever growing number of "investors" putting money into the kitty. This is why Bush pushed so hard to allow social security to be used to get into the stock market. The market was unstable and unable to keep up the appearance of robust growth. When that cash infusion didn't happen, the economy tanked, giving the government an excuse to dump several trillion into the market.

The system needs you and everyone else to pour as much money as possible into it to keep the ponzi scheme going. As long as it can be propped up beyond your retirement and death, it'll be a good deal for you. If it falls before then and no infusion like the government bailout comes along, you and the market are fucked.

Kms obviously. What the fuck is the point of living if you can't work? And if you can't work then you're not contributing to society. Oldfags are useless and an unnecessary weight on society. If I get too old to work, do us all a favor and take me out back and put me out of my fucking misery.

>smoker
>routinely use stims to pull all nighters to study @ uni
>not fat but eat relatively unhealthy
>live in a dangerous neighborhood
>nearly get run over about once a month

honestly I'd be surprised if I lived to 60. Why the fuck would I plan for retirement?

>saving up for retirement
Rope isn't that expensive

I'm too old to heed this advice, but if you are 20: If you save X amount of dollars per year when you are 20, into an investment with a decent return, when you are 60 you will have an unbelievable amount of money due to the magic of compounded interest.

IF YOU WAIT JUST 10 YEARS to start, the amount of money drops by an extraordinary amount. Even worse at 40.

Everyone looks at this the wrong way: We all assume we will make so much more at 40 and 50 that we can start saving then.

Unfortunately I do not have a link to a better description of this, with actual values for X and the percent interest to make it work. But if you are 20 or so, go find an online calculator and see the incredible payoff if you can somehow put away some money for 40 years.

pic related is 300 per month at 11% apr.

You know none of us are going to come anywhere close to retirement, right?

Social security and medicare are both nearly bankrupt, combine that with the student loan bubble and the next housing bubble popping soon, we will be lucky to survive at all, let alone retire.

Everything goes to shit in the twenties, just like 100 years ago. It makes me weep how preventable it all is.

How are all those pension plans doing these days?

Why don't the goyim still fall for the compound interest magical money from nowhere meme?

>magical money from nowhere meme?

sigh. I knew everything when I was 18 too.

I just tell them it's all going into their monthly social security check; shuts oldniggers up quick.

Really? You must have really been a faggot back then.

Where the hell are you getting 11% APR from anyway? lol

Checked

>Where the hell are you getting 11% APR from anyway? lol

look up S&P 30 year return. You're thinking about short term apr.

But you are a genius, so I defer to your magnificent wisdom.

Bye!

yeah, that's bullshit. You'd have to be either extraordinarily good at investing or incredibly lucky to average 11%

Don't disagree with the message, but just keep in mind 11% p/a is an insane rate of return, and you should seriously fire any advisor who uses that in their plans.

To be honest when I was 18 they said I could figure on getting 10% on a Roth IRA and retire as a multimillionaire in my 30s.

Then again, that was back when Allen Greenspan was making such a thing possible if I had thought to flip houses instead of giving my money to the Jews.

>Start business or just work
>Just save money on your own without any fucking fund, buy land or w/e

or
>Give money to government for retirement
>Take out as retirement, but this time, pay tax on it
>Negative return on investment who would've ever thought

The compound interest thing is ...interesting but what if it falls apart? And how does the return on investment look when taking inflation into account?

>when taking inflation into account?
OY VEY GOYIM THE NUMBERS GO UP THAT'S ALL THAT MATTERS

Minimum is 5%, not 9%. My employer (QG) contributes a further 12.75% and I add another ~$60 pre-tax per fortnight. I don't miss the extra cash, whereas in my super account, it adds up.

You save for retirement as early as possible so that you get as much interest accumulated as possible. It's simple high school economics.

The problem is opportunity cost.

$5 when you are young has a completely different value to $5 when you are 70. How you spend your money when you are young will decide how much money you have when you are old.

Ive decided to min-max, go to medical school, and only start saving after im 50+ for retirement. Before then I have my own specialisation and wife/kids to think about.