Retirement is Overrated!
So I’m reading Business Insider and come across the following article:
The first thing I think is “Hell yea, hell yea, fucking right, fucking right?” (HYFR)
Then, I immediately think of the seniors doing low pay, no insurance jobs like being Walmart greeters and cringe…
There is no way in hell, that people are not saving for retirement, nope I don’t believe it.
In April, LIMRA, a think-tank for the financial industry, completed a survey intended to focus on the savings and investment preferences of those living and working in the United States. After receiving responses from 2,697 Americans, a representative sample of the country, LIMRA was able to determine that 49 percent of the country is not saving for retirement. Additionally, more than half of Americans between the ages of 18 and 34, at 56 percent, are not saving for retirement.
OK, 227 isn’t a retirement plan but you get my drift. You mean to tell me Jeff Rose and the rest of the personal finance community spent an entire month talking about the power of ROTH IRA’s and these people didn’t invest a damn dime?
I don’t care if you don’t like the stock market, or aren’t proficient in investing. When someone (your employer) tells you…
If you put in 5% of your gross pay, I will match it 100%. You jump on that shit!
You have all these people walking around here talking about how they save money by making their own coffee, saved 2 cents by not opening the oven to check on food, sell crap on Etsy and Craigslist, but they don’t save a dime for retirement!
Inflation is about 3% per year, I guarantee you, your savings account doesn’t yield 3%. This means, your latte, Etsy, and Craigslist money is getting eroded by the inflation cookie monster, year after year.
Do you really want to win or simply look good losing?