What the fuck are millennials going to do for retirement?

What the fuck are millennials going to do for retirement?

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time.com/money/4689984/safe-withdrawal-rate-retirement/
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I was thinking of heading to Alaska and doing the cabin innawoods thing.

die

Save a constant portion of their income into a tax-advantaged account for 40 years of their working lives?

Either be living in fully automated luxury gay space communism or be in the middle of a second holocaust.

This inshallah

Checked for truth.

Retirement will be a fantasy in 50 years time.

Digits of truth, czech em.

/thread

Who max 401 and Roth here?

fuuuuuuuuu-

Damn

Yeah try having kids and a blue collar job and doing that. That's going to be a huge portion of the population. You and I may be earning well with our STEM degree but what about the rest of them?

>What the fuck are millennials going to do for retirement?

Boomers are going to be the LAST group that actually gets to retire.

Everyone else is going to go broke keeping them alive.

Make too much for Roth

401, trad ira, surplus in ETFs

This is with a wife and three kids

>Portion

Make less, save less, its called a portion for a reason. Exponential interest will kick in unless you can't delay gratification for shit.

nice, you'll have a million bucks stashed away when you turn 65. and it'll only have the same buying power as 500k today. and you'll need to make it last 20+ years. good luck!

Paddockism

Ejacate urself

time.com/money/4689984/safe-withdrawal-rate-retirement/

>stupid goyim, retirement is bad for you
>see the boomers? they don't even buy new iphones, they evil!!!

>40 years later
>grandpa millenial begging for food in his 20% society

>the worlds gonna survive the time when millenials are over 50

the next industrial revolution makes retirement redundant.

suicide desu

All the old people I know that Retired die of boredom all old people know the still work keep going. Retirement used to make more sense when jobs were a lot harder than nowadays. Working for 20 years and getting a pension made a lot more sense when people only lived 5 years past when they got the pension instead of living 40 years past getting the pension like nowadays. Daily reminder that we need to gas all government workers and Welfare leeches and Military faggots or take or strip them of their pensions their Choice I'm pretty sure they'd rather die though then lose that gives gibs.

sputniknews.com/us/201803011062098909-biggest-us-recession/

Most of us will be broke in 10 years.

VR porn in my virtual apartment

This.

Logical thing to do is hasten the demise of your parents and cash in on inheriting, especially if they own property

Oh baby can't wait.

I've already accepted that the odds of me having the same life quality that was commonplace way back when is zero to none. Question is am I going to die from Civil War 2: Electric Boogaloo or from being a decrepit husk of a person?

It wont be long an “retirement” will be a synonym for “funeral”.

Look in to "Financial Independence". I will be "retiring" by 31 if I remain on track. Ofc, I won't be quitting work, but I won't be beholden to work either. I'm so glad Trump won, the money I've put into index funds has skyrocketed my net worth

Pretty much this.

Ima kill myself long before then.

Checkmate.

They've been told the masses from the turd world will save their pensions.
Most believe it religiously. So justice will be served.

What is your point here.... poor people can't save for retirement? No shit.

The plan is reduce population, so poor people dying off instead of retiring plays into that. They won't do nothing about it either so they sort of deserve what's going to happen to them.

When your responsibly spent paychecks only cover mortgage, bills, and living expenses for 5 people, that’s still not necessarily an option.

I plan to kill Jews and steal their shekels.

make millions with crypto or suicide

win/win

They're not poor jobless people though. Construction, manufacturing, and low tier infrastructure jobs are all very important work. Someone has to do it because robots can't yet, but these guys are gonna be in a tough spot down the line. No way is 10% annually gonna do it for them.

by that age they will upload their body into a robot and put on car bumpers on the assembly line.

Relax.
If we survive WWIII, the AI inequality wars, the war against the machines and the global superbug outbreak - you'll have so much bitcoin saved up you'll be able to buy some pork rinds.

It's not that difficult given a fixed return per year on your initial investment and total savings in stocks and bonds. You can easily live 30 years with a million in the bank, given you've paid off your house and only have to pay for utilities and the yearly taxes. You don't spend as much anymore since your kids are out of the house and you only have an occasional birthday of grandkids etc.

Me too.

I will comit seppuku when I reach the 60s. Maybe 50s if my health really fucks up.

The true question here is: Will I die peacefully, drunk while listening to music at home, or fighting like a man, probably against niggers or becoming a hero?

checked

Lol SS and Medicaid will be gone before I can retire, so why bother saving?

Checked
Either way, ride never ends

Fuck

yeah...about that living long thing.....

Honestly my plan unless thngs change

I thought you could back door convert from trad IRA to Roth even if you make over 100k - do you even speak with your financial advisor team, bruv?

Checked

...

Become a hero user. Civilization becomes great when men grow trees whose shade they will never know

My father raised 5 kids and put us through college working construction. He eventually used his knowledge to run his own business

If people can’t figure out how to make money that’s on them, it’s not societies job to hand hand it out because people are literal retards.

If I don't have a yacht and a harem in 30 years, I'll probably off myself (not with my guns though, I'm not giving those liberal faggots more ammunition).

If you’re depending on the state and work for pensions and not actively investing and growing wealth. You deserve exactly what you’ll get.
No offense.

This is very true.

the jewsa won't be around sooo im not worryed

To "become a hero" in brazilian imageboards means to make an terrorist attempt, killing people from a demographic you despise before shooting yourself.

I mean, I was leaning towards blowing my brains out. Not for everyone. But me personally, there's no reason not to. Sounds pretty solid.

Noone went hungry if there where food when we lived in caves.

Im a union pipe fitter, as blue collered as it gets. I make $46 an hour take home. I have excellent health Care which is paid from my fringe, not my take home. I have a pension, a 401k and stock options. It's you stem folks I am worried about. My career is in high demand and no one is stepping in to fill the jobs, which leaves a gluttany of work for me. The stem field is becoming oversaturated. Good luck finding and keeping a job long term, especially which a lot of companies looking over seas for workers. You can't outsource boiler and chiller repairs...

Where are you at where your take home is $46? I’m a pipe fitter in the Midwest and I’m at $36

Out here pipefittera make $14 to $20. And that's not even entry level. Wages in Colorado are a joke.

Dont worry, they're 80% mexican anyways.

We will be an enslaved society by that time. We will work until we can no longer do so and then our remains will be used as fuel and fertilizer.

Why wait?

>retirement is a fundamental right

Most wont be alive by retirement and money wont even be a thing by then so who cares

We are a socialist society. The west is socialist. Just accept that fact. I'm against it, but theres nothing that can be done. You are thinking like our nations are solvent and money is value

What the fuck does that mean?

>living in the year 5778
>working
Oy vey, just live comfortably of the monthly interest payments on the family capital investments

What's your savings strategy?
$46/hr take home is close to $100,000/year.
Maxing out your 401k and rothIRA would leave you with ~$75k/year.
Slice away $12k for housing and $12 for living expenses would leave you with $48k/year surplus.
If you invested that surplus and experienced a 5% return after tax and inflation, you could retire on the interest alone in about 10 years. You'd never have to touch your long-term retirement savings until you were in your 60's.

I'll be fine because I live cheap as a third world peasant. Everyone else is gonna be fucking fucked. I'll take my big american money to a cheaper country in worst case scenario.