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r0ndy t1_ir189ft wrote

Horse shit. It's called preparing for retirement. Aging out of jobs. Losing friend circles that mature at different rates. A thousand things. This post is toxic.

You HAVE to make an effort. If you just "wait till it's your time", you're throwing your life away on the chance of a lottery ticket to life. It just doesn't happen like that

Edit: and just a fucked up example. Kids don't need to have babies, there ARE timelines worth following.

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[deleted] t1_ir28qoy wrote

[deleted]

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Smarterthanlastweek t1_ir2rsnm wrote

> AT BEST completely broke within 3 years of retirement unless I almost double my expected wages.

Or just never retire.

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hotmaildotcom1 t1_ir2tav8 wrote

It's the only option.

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Smarterthanlastweek t1_ir2u1nb wrote

I've accepted I never will. My plan is after I'm old enough to get medicare, and am more likely to get fired due to old age in many jobs, I can switch over to contract work, which cost employers less and still be employable. Maybe even buy a winnebago and travel around a bit to different jobs.

If I get so I can't work then disability.

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cryptoripto123 t1_ir3dgka wrote

> Financial projections from my manager show I will be AT BEST completely broke within 3 years of retirement

Yeah then your financial plan is a failure. Make more so you can save more. If you can only save enough to survive for 3 years that's an absolute failure. You're not even 30 as you said, so you have at minimum 30 more years of working, and that's the best you can do? Or your projections are totally off.

Just so you know, $20 / month translates into $70-$80k in 40 years. Even after inflation that should be $30k or so in today's dollars.

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cryptoripto123 t1_ir3dyv5 wrote

Reddit is next to terrible in terms of financial planning. Most people here will sit here and make excuses forever about how they can't afford to save. Even $20 / month ($9600 gross in 40 years) turns into $77k or so after 40 years of compound growth. It's sad most people don't realize how important this is in the face of inflation.

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