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Saving/investing for retirement is a scam
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Date: May 10th, 2025 2:27 PM Author: disco fries (his own flesh as well as all space was still a cage) Every retired person I know doesn’t even live off of their retirement investments. They live off an amalgamation of income streams: social security, pension, an annuity or two, rental property, part time work. Yelling at people to save all their money for retirement is a scam perpetuated by wealth advisors and financial planners so they can have a job. |
Date: May 10th, 2025 2:28 PM Author: Sickly argumentative UES Jew in puffy jacket Thank you, I've been yelling this for years myself. (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919696) |
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Date: May 10th, 2025 2:46 PM Author: disco fries (his own flesh as well as all space was still a cage) Even if you have just $1m in a 401k, if the plan administer is skimming 0.5% that’s $5k a year! Retirement is an industry like other professional services, but more scammy. (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919736) |
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Date: May 10th, 2025 2:49 PM Author: gedood persoon What kind of TTT 401k takes that much (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919746) |
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Date: May 10th, 2025 2:50 PM Author: disco fries (his own flesh as well as all space was still a cage) Every worker plan I’ve ever been a part of takes between 0.3-1% per year regardless of what funds you choose (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919749) |
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Date: May 10th, 2025 2:52 PM Author: cowgod ( ) It should be lower than that but most companies are dumb and easily preyed on. Still better than buying VTI in your schwab account bc of the tax benefit imho. (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919753) |
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Date: May 10th, 2025 2:51 PM Author: cowgod ( ) The reason it's a scam is because people are dumb. they contribute the minimum to get a match and/or they move money around at terrible times. people shouldn't have the freedom to buy $80,000k pickup trucks while contributing like 4% of base pay to a 401k. By doing this they cause Car prices to inflate while the portfolio accounts of Losers have worse returns ceteris paribus. |
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Date: May 10th, 2025 2:49 PM Author: impressively middle class you should retire in your 20s (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919747) |
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Date: May 10th, 2025 2:50 PM Author: cucumbers my friend who retired at 32 lives off of selling index funds every few months (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919748) |
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Date: May 10th, 2025 2:55 PM Author: AZNgirl putting Dad on Indian Air Force Jet no shit, this is called judaism
but also if u dont save for retirement and u just live off CC debt and payday loans thats also called judaism |
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Date: May 10th, 2025 3:06 PM Author: Diane Rehm talking dirty (🐿️ ) I would 100% trust your investment acumen over OP. (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919773) |
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Date: May 10th, 2025 3:11 PM Author: disco fries (his own flesh as well as all space was still a cage) I have been a much more successful investor than Tommy though, if returns are the measure of success. (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919777) |
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Date: May 10th, 2025 3:17 PM Author: AZNgirl putting Dad on Indian Air Force Jet a gay retarded Islamic squirrel cld be a more successful investor than me (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919790) |
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Date: May 10th, 2025 3:48 PM Author: cowgod (retired) (🧐) (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919840) |
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Date: May 10th, 2025 3:11 PM Author: Oh, you travel? ( ) Stop being retarded. Pensions don’t exist for us. (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919778) |
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Date: May 10th, 2025 3:12 PM Author: tarrifs Explain. I don't like my job, and I make far more than I can reasonably spend. Why not save so I can stop working? (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919783) |
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Date: May 10th, 2025 3:36 PM Author: disco fries (his own flesh as well as all space was still a cage) If you don’t like your job then quit and go do something else. Saving up your money and investing is fine for building wealth, but it’s not required to leave your job or do something different with your life. I think the idea that you can save and attain this magical number where you feel perfectly secure is flat out unlikely for most people. In this way, saving and investing for retirement isn’t likely to lead you to a secure early retirement. Second, the people that I actually know, when they get old, tend to view money not so much as a source of opportunity but just as a resource that’s there and most don’t even spend down their retirement savings because they learn to live on their income. And if they do, they’re just buying dumb shit. “Oh let me fix up everything possible on my house, oh let me buy a new car, oh let me do this, that.” It’s all so very stupid, just live the life you were put here to live. Don’t turn into an old feeble spendthrift filled with regret. |
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Date: May 10th, 2025 3:44 PM Author: tarrifs You give terrible advice. No wonder you're miserable. (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919830) |
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Date: May 10th, 2025 3:45 PM Author: disco fries (his own flesh as well as all space was still a cage) My advice and lived experience is second to none. (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919833) |
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Date: May 10th, 2025 3:47 PM Author: tarrifs Your lived experience is being a fat miserable sack of shit! (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919838) |
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Date: May 10th, 2025 3:44 PM Author: bowlcut pothead Why do you think you’re qualified to give people advice when you’re one of the most miserable faggots here? Please stop typing (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919831) |
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Date: May 10th, 2025 3:19 PM Author: internet g0y You’re supposed to do that to give it to your kids (http://www.autoadmit.com/thread.php?thread_id=5723215&forum_id=2#48919793) |