When will you retire?

[Jan SobieskiParticipant 28791]

https://www.bloomberg.com/news/articles/2017-05-26/retirement-savings-gap-is-seen-climbing-to-400-trillion-by-2050

Never.

Love is just alimony waiting to happen. Visit mgtow.com.

[IRuleMeParticipant]

The baby boomer generation was the last to really have large families. The problem is, back then, we were still way ahead of the curve as it related to the industrial revolution. So large families meant more people working, paying more taxes in to pay for those generations before who were retired. Generations following the boomers are having fewer and fewer kids. Smaller numbers of adults entering the work force, combined with many out of work esp as it relates to the industrial revolution catching up – means less money being pooled in for the boomer generation planning to retire. The entire social security scheme is going to collapse and be exposed for the massive ponzi scheme that it is.

Think of how ponzi schemes work. They’re always sold on the premise of “give me some money”, in this case it’s the government taking money out of your check.

“to invest”, in this case, setting it aside for your “future” into this account.

“and you’ll see it pay dividends”, which is when you’re supposed to reap the benefits, which is the equivalent to “it’ll be there when you’re ready to retire”.

What always happens? The people who fall for ponzi schemes get left with nothing. That’s what’s going to happen to the rest of us, and future generations with aspirations for retirement.

[Jan SobieskiParticipant 28791]

Once there are no good paying jobs the collapse will accelerate.

Once taxes get to high the economy will colapse.

Love is just alimony waiting to happen. Visit mgtow.com.

[AwakenedParticipant 35201]

I will retire when I stop waking up in the morning.

In a World of Justin Beibers Be a Johnny Cash

[OldBillParticipant]

While Social Security is a Ponzi scheme in that the monies being paid in by those currently working are disbursed to those currently collecting, before the mid-60s there were built-in mechanisms which, if left in place, would have kept the system solvent.

The first “limiter” was lifespans/death rates. People used to die rather than collect for long periods. That helped keep payouts lower than collections.

The second “limiter” were a very strict guidelines for receiving Social Security payouts. You had to be either a retiree or the widow of a retiree to qualify. After LBJ’s idiotic “Great Society” ideology sparked an explosion of the social safety net programs which bankrupted the US, qualifying for Social Security became far easier. For example, junkies, drunks, and the morbidly obese get Social Security now. The number of people “qualifying” for payouts exploded pushing the system towards insolvency.

Finally, the greatest threat to Social Security funds is the federal government itself. Something which shouldn’t be too surprising for anyone who thinks about it. The monies collected went into a trust fund which Congress pledged not to touch. That promise barely lasted 20 years,

In the 60s the Feds needed to pay for guns (Vietnam) and butter (the Great Society programs) at the same time but didn’t want to raise taxes to do so. To get the money they want, the Feds naturally began raiding the Social Security trust funds and leaving behind IOUs.

So, Social Security is doomed because people are living and thus collecting longer, more non-retirees are getting payouts, and the Feds have stole most of the money.

Do not date. Do not impregnate. Do not co-habitate. Above all, do not marry. Reclaim and never again surrender your personal sovereignty.

[Binary LogicParticipant 2351]

Hopefully in the next 20 years. I’ve decided to follow the guidance of most of the Sages on here and am actively working to acquire my first piece of rental income property. Over the course of the next 10 years acquire, and then start to snowball the income and pay off the properties. Easier said than done, I know, but if I play my cards right, the returns will far exceed that of my current 401k by leaps and bounds in terms of Rate and time.

Funny, isn't it? How women thrive on a mans time, attention and resources, while simultaneously telling him he isn't enough...

[Anonymous 43]

Can I ask a stupid question, only because I am ignorant?

Can a man who is paying lifetime alimony to some c~~~ ever retire? Or does he travel down Robin Williams Street?

I guess a man under alimony could retire if his retirement assets reach a critical mass, covering that nut.

oh f~~~, retirement assets reach critical mass for the alimony first, then divert potential reinvestment money and the man works longer maybe never reaching retirement critical mass.

f~~~.

ok continue.

[AttonParticipant]

The sound of the whole thing hitting the concrete at 800km/h will be indescribably sweet.

A MGTOW is a man who is not a woman's bitch!

[Can’t Stump TrumpParticipant]

I hope to retire at some point (lol, what am I saying), but I’m sure not expecting a cent from the government. I’ll be living on my own savings, if I can ever save enough, and if the economy doesn’t collapse, and if, oh screw it.

Women are better at multitasking? Fucking up several things at once is not multitasking.

[Jan SobieskiParticipant 28791]

Anonymous wrote:

Can I ask a stupid question, only because I am ignorant?

Can a man who is paying lifetime alimony to some c~~~ ever retire? Or does he travel down Robin Williams Street?

I guess a man under alimony could retire if his retirement assets reach a critical mass, covering that nut.

oh f~~~, retirement assets reach critical mass for the alimony first, then divert potential reinvestment money and the man works longer maybe never reaching retirement critical mass.

f~~~.

ok continue.

Only if the judge allows it.

Love is just alimony waiting to happen. Visit mgtow.com.

[CatsPawParticipant 423]

According to my calculations, 40 to 43.
Thats how I decided to go about it.
its a plan that requires 13 steps.
Im on Step 5.

If you think you cant make it, you wont. I might still fail, but I am not gonna stop to think about that, need to think about step 5.

[Author]

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