Is it a wrap for traditional retirement?

[Deltron]

fukk that….. we doing OnlyFans at 65+

They’ll be a market for that!!!

OlderFans

 

[IIVI]

Additionally, don't get sick in the future.

Medical bills if you're out here going to be having people opening up their retirement accounts to pay that out.

Again, this dude brings up some great points:


Nobody wants you to actually retire in this country because that means you stop buying shyt and they can't tax you anymore and make any money.

 

[RARI_Godwind]

Breh it’s a wrap for tradition

 

[Jekyll]

Yep. I’ve been seeing retired people I know work out of need and even boredom. Those old heads hate sitting down tbh

Its not a bad thing depending on the job. Your brain wastes away at the house with nothing to do. Lose that and the rest of you is sure to follow.

Does early retirement mean an early death?

The latest research suggests that those ending work younger are more likely to die earlier than those staying in jobs. But is the data clearcut?

www.theguardian.com

Links Between Early Retirement and Mortality

Social Security Administration Research, Statistics, and Policy Analysis

www.ssa.gov

 

[Koli_Kat]

Its not a bad thing depending on the job. Your brain wastes away at the house with nothing to do. Lose that and the rest of you is sure to follow.

Does early retirement mean an early death?

The latest research suggests that those ending work younger are more likely to die earlier than those staying in jobs. But is the data clearcut?

www.theguardian.com

Links Between Early Retirement and Mortality

Social Security Administration Research, Statistics, and Policy Analysis

www.ssa.gov

Who's retiring to sit in the crib and do nothing? You might as well go back to work then

 

[Sad Bunny]

The concept of living below your means is long gone.

Paying off a house? Buy another one and two more to rent out. It’s a never ending cycle of overextended oneself just because you can. It’s a disease. While it might get you wealthy it most likely will leave you stressed, depressed and working unnecessarily.

I’ve been putting away $1000 a month for 10 years while in the military. This on top of 10 percent each to Roth and Traditional for the past 13. I retire in 4 years. I bought a house 7 years ago in the country I will retire in and it’ll be paid off as soon as I get my DD-214.

I see ppl doing too many things or simply not enough but it really all boils down to living outside one’s means.

Agreed.

 

[feelosofer]

Unless you can save/invest 3-4 million by the time you are 65 you won't be comfortable.

 

[Kornball The Conqueror]

working a 9-5 because your bored is the most ridiculous shyt Ive ever heard

 

[the bossman]

Its not a bad thing depending on the job. Your brain wastes away at the house with nothing to do. Lose that and the rest of you is sure to follow.

Does early retirement mean an early death?

The latest research suggests that those ending work younger are more likely to die earlier than those staying in jobs. But is the data clearcut?

www.theguardian.com

Links Between Early Retirement and Mortality

Social Security Administration Research, Statistics, and Policy Analysis

www.ssa.gov

Ehh too many people automatically think retirement means sitting on your ass at home or the beach everyday doing nothing.

I look at retirement as simply being in the financial position to where you no longer needing to go to a 9-5 you hate just for the sake of bills.

There's endless things or projects you can get into once you no longer have to do a 9-5

 

[Jekyll]

Who's retiring to sit in the crib and do nothing? You might as well go back to work then

Alot of retirement age people are house bound. Its actually a problem. Some may not be physically able to go back to work too.

 

[Yagirlcheatinonus]

I won’t be working that long I’m going to hit it big on the stock market

 

[richaveli83]

working a 9-5 because your bored is the most ridiculous shyt Ive ever heard

Not necessarily. This security guard at my job did twenty years total in the army (4 years active duty and the rest in the national guard) and worked twenty years in the police concurrently. By the time he was fifty, he took on the security guard job because he was bored. He didn't need the money because he had a pension, house was paid off, kids were grown and out the house, but after spending a couple of years retired and doing a little traveling, he took the job out of boredom.

 

[RareAirBorne]

I see traditional retirement as one path but some people even when fortunate/successful enough to really retire, don't. The further they get in their career, the easier it gets, as your value becomes more of what you've done and not what you can do. It's hard to retire and give up making good money and the reminder for why you worked so hard most of your life, especially when it's not physically taxing and might even help keep you mentally sharp.

On the flip side, with the way American culture is so pro workaholic compared to Europeans, most people who make it to retirement age didn't have enough time/money to develop healthy hobbies while working that will last them through retirement. I've seen some people just destroy themselves by retiring and completely falling into what was once occasional bad habits (e.g. drinking, eating, gambling, etc.) that now they're doing 24/7 since they aren't working anymore

 

[Kornball The Conqueror]

Not necessarily. This security guard at my job did twenty years total in the army (4 years active duty and the rest in the national guard) and worked twenty years in the police concurrently. By the time he was fifty, he took on the security guard job because he was bored. He didn't need the money because he had a pension, house was paid off, kids were grown and out the house, but after spending a couple of years retired and doing a little traveling, he took the job out of boredom.

This story is very common, not saying it isn't true or possible i personally just don't buy it. Security guard is high risk for someone who doesn't need it. I think a lot of old head are either ashamed or need healthcare.

 

[Sex Luthor]

I work with a woman that's 74 years old and can't afford to retire. She was about to right before quarantine but ever since then she can't afford it anymore.

It's so sad to see tbh