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Author Topic: Your aging and retirement plan is your responsibility.  (Read 1500 times)
batang_bitcoin
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April 30, 2024, 06:07:38 PM
 #121

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.

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April 30, 2024, 06:43:09 PM
 #122

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.
Here in our country on which they didnt really mind much about their future just because they were expecting that their childrens or kids when they grow up would really be the ones who would really be taking care of them,and this is why they wouldnt really be tending to be bothered about thinking about their future on the time that they do gets old because they were really that anticipating that their childrens would really be taking of them but we do know that this is a bad mindset because there would really be no assurance that they would really be helping you out on the time that you do gets old. On the time that they would really be having  their own families on which its normal that they would really be prioritizing them over you. So what if you would really be ending up into this situation? What you would gonna do?. Better not to thinkup yourself about having that secure future when you do gets old. Nothing beats out if you would really be that be prepared for whatever you would really be having in future on which dont make yourself that relying into your kids because not all would really be helpful on that time that you do gets old.

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April 30, 2024, 07:08:18 PM
 #123

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.
Here in our country on which they didnt really mind much about their future just because they were expecting that their childrens or kids when they grow up would really be the ones who would really be taking care of them,and this is why they wouldnt really be tending to be bothered about thinking about their future on the time that they do gets old because they were really that anticipating that their childrens would really be taking of them but we do know that this is a bad mindset because there would really be no assurance that they would really be helping you out on the time that you do gets old. On the time that they would really be having  their own families on which its normal that they would really be prioritizing them over you. So what if you would really be ending up into this situation? What you would gonna do?. Better not to thinkup yourself about having that secure future when you do gets old. Nothing beats out if you would really be that be prepared for whatever you would really be having in future on which dont make yourself that relying into your kids because not all would really be helpful on that time that you do gets old.
That is called the sandwich generation and people are starting to realize that when they get to start with their own family, they wouldn't rely on their kids as their retirement plan. The joy of the parents is to see their kids enjoy their lives and work on their own, having to earn money and let them do whatever they wanna do with their money. The good thing about this generation is that the majority is about to end this sanchwich generation.

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April 30, 2024, 08:58:13 PM
 #124

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.
Here in our country on which they didnt really mind much about their future just because they were expecting that their childrens or kids when they grow up would really be the ones who would really be taking care of them,and this is why they wouldnt really be tending to be bothered about thinking about their future on the time that they do gets old because they were really that anticipating that their childrens would really be taking of them but we do know that this is a bad mindset because there would really be no assurance that they would really be helping you out on the time that you do gets old. On the time that they would really be having  their own families on which its normal that they would really be prioritizing them over you. So what if you would really be ending up into this situation? What you would gonna do?. Better not to thinkup yourself about having that secure future when you do gets old. Nothing beats out if you would really be that be prepared for whatever you would really be having in future on which dont make yourself that relying into your kids because not all would really be helpful on that time that you do gets old.
That is called the sandwich generation and people are starting to realize that when they get to start with their own family, they wouldn't rely on their kids as their retirement plan. The joy of the parents is to see their kids enjoy their lives and work on their own, having to earn money and let them do whatever they wanna do with their money. The good thing about this generation is that the majority is about to end this sanchwich generation.
Actually its not something that your kids responsibility to raise you or support you when you do gets old, there are really just those individuals who do make it as a priority or something that a must thing to be done as their parents on which telling this and that about on the things that you have spend on them on the time that you are raising them. As a parent then im not really that looking on something like this and just like you said that i would really be that happy on the time im seeing them that they are really that able to stood up with their own feet specially on the time that they would be having a family.

This is why its important that you will really be getting that life insurance and so as with that savings so that on the time that you do get old then you are really that prepared on whats coming
and not ending up on relying with your grown up kids.

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April 30, 2024, 09:57:45 PM
 #125

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.
Well changes are inevitable, and things that are easier before have now turn into complex, that’s why we have to prepare for it so we won’t end up getting rekt and doomed. And investing at an early age could be the best key so we can prepare our aging and retirement soon. Although it’s said that we should not think that much of how our future will be and just focus on our present, but if you are good and responsible enough, you should learn to balance your life, live well today while you are also investing in your future.

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April 30, 2024, 11:03:24 PM
 #126

Nowadays people have to be creative and smart to build their own retirement plans by themselves. The times you could rely on the government for retirement are gone... Those who still go through this route will have a bitter surprise once the time of their retirement comes, because it's likely there is going to be enough money to pay a decent wage to every elders, especially because the young generations aren't growing in large numbers in western countries, what will heavily impact the future of our next generation of elders.

Besides that, worldwide economies in general aren't doing well. Those who adopted Bitcoin and other kinds of profitable investments found a gap on the system to maintain their money growing and the patrimony prosperous, but the large mass of people in the world haven't, so they keep suffering the consequences by not seeing any financial improvements on their lives, what also difficults a lot planning their own retirement plans.

To take conscience of the changes happening in the world is the first step towards the right approach on this matter of retirement plans. It's indeed your responsability to find a solution for this challenge.

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April 30, 2024, 11:23:22 PM
 #127

Its too easy to say the older generation did nothing for old age, they just did it differently in my experience.  They built businesses and that was their wealth, it was passed on to the family and gave a yield that way also.  Its also true that people just didnt live as long in prior generations, health care made living to a pensionable age more normal going back a few decades but it used to be far less common.   The government itself  underestimated this dynamic in its long term planning, many large companies did and hold a pension debt that is quite hard to handle now.

I would say if you are correct in investment and pay in something from the twenties then it should be enough.  The problem is finding a good long term reliable form of investment, mistakes are easy/

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May 01, 2024, 02:59:27 AM
 #128

That is called the sandwich generation and people are starting to realize that when they get to start with their own family, they wouldn't rely on their kids as their retirement plan. The joy of the parents is to see their kids enjoy their lives and work on their own, having to earn money and let them do whatever they wanna do with their money. The good thing about this generation is that the majority is about to end this sanchwich generation.
Actually its not something that your kids responsibility to raise you or support you when you do gets old, there are really just those individuals who do make it as a priority or something that a must thing to be done as their parents on which telling this and that about on the things that you have spend on them on the time that you are raising them. As a parent then im not really that looking on something like this and just like you said that i would really be that happy on the time im seeing them that they are really that able to stood up with their own feet specially on the time that they would be having a family.

This is why its important that you will really be getting that life insurance and so as with that savings so that on the time that you do get old then you are really that prepared on whats coming
and not ending up on relying with your grown up kids.
In some cultures, those countries that are family-oriented, they are pushing their kids to sustain themselves when they get older. But IMO, it shouldn't be like that anymore, and the good thing with this is they are realizing that these parents should allow their kids to enjoy life and their money. They're not obligating their children to support them and that's why they're still working hard. As for these kids that become well in life, it's not a problem if they are going to give back but they're not obligated to do so. But of course, as you appreciate your parents, you feel obligated to do it but just do it when you're in a well situation.

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.
Well changes are inevitable, and things that are easier before have now turn into complex, that’s why we have to prepare for it so we won’t end up getting rekt and doomed. And investing at an early age could be the best key so we can prepare our aging and retirement soon. Although it’s said that we should not think that much of how our future will be and just focus on our present, but if you are good and responsible enough, you should learn to balance your life, live well today while you are also investing in your future.
Yes, I myself is definitely preparing for it. Even if I want to purchase things that might make me happy although not a necessity, I'm keeping the money for my retirement so that I wouldn't be reliant to my children as I get older.

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May 01, 2024, 04:34:32 AM
 #129

Its too easy to say the older generation did nothing for old age, they just did it differently in my experience.  They built businesses and that was their wealth, it was passed on to the family and gave a yield that way also.  Its also true that people just didnt live as long in prior generations, health care made living to a pensionable age more normal going back a few decades but it used to be far less common.   The government itself  underestimated this dynamic in its long term planning, many large companies did and hold a pension debt that is quite hard to handle now.


I would say if you are correct in investment and pay in something from the twenties then it should be enough.  The problem is finding a good long term reliable form of investment, mistakes are easy/

It's really easy to say, especially if we see what's happening to them now, but we don't know what they went through before and the reason why they didn't have retirement or any investment, especially back then when not everyone had the ability to have money or other source of income and all they do is work to make a living for their family. Since the situation back then is far from now, hopefully in the coming years, the number of people who do not have retirement or any investment to get when they get old will be reduced.



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May 01, 2024, 06:14:32 AM
 #130

I can't just imagine it how responsible hard working youth or adults would not be bothered for retirement all because the government would give them cover-up.
Yes, many are bothered because if you have a normal salary, you pay almost half of it to the government. It's true that you get benefits back but 40% is too much to my mind, that really bothers me, especially when I have never used sick leave or visited a hospital since I remember Cheesy But such a system also helps others who desperately need it, so people are fine with it.
By the way, even European pension system is a failure and everyone agrees with that, it's not able to provide future generations of retirees with an adequate income, that's why they move in poor countries to live well there because that's not possible locally if you don't have additional source of money.
Depends on the nation and the rate, there are nations that charge very low, quite liberal nations basically, and they do basically nothing. That is a method where everyone is responsible for themselves and it does work very well for mid to high income people since paying less tax means they will do better but for very poor people that is a bad method.

There are nations with very high tax but a great return, maybe it may not be like that anymore but that is what worse nations were considered as, you pay a huge tax there but you get everything you ask for there as well. The real problem is the nations that both charge a lot but also does nothing, those nations (like USA) are the real problem because why are you even taking the tax if citizens don't see anything back?

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May 01, 2024, 08:01:12 AM
 #131

It's really easy to say, especially if we see what's happening to them now, but we don't know what they went through before and the reason why they didn't have retirement or any investment, especially back then when not everyone had the ability to have money or other source of income and all they do is work to make a living for their family. Since the situation back then is far from now, hopefully in the coming years, the number of people who do not have retirement or any investment to get when they get old will be reduced.
That's why it is our responsibility to think about the future from now on, there is no reason in my opinion because everything can still be changed if we really think about the future.
It's too easy to say, however, we still have to try to make it happen, even if it's not optimal, but at least it's not just empty talk.
Our life in old age is our own responsibility and we have to think about this, whether it's investing or building a business for the future. Apart from all that, there are several things that must be paid attention to and prepared from an early age.
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May 01, 2024, 08:04:53 AM
 #132

I came from a society where majorities are not bothered about their retirement plans, Some do have the financial resources but due because of financial revenue opportunities, they feels so reluctant and comfortable without considering that depending on the government opportunities could get to an end somedays. I don't know if they ever have the picture imaginarily about how their old ages times would be.
It's the same with people who are in their comfort zone and don't dare to go out to seek financial freedom, so they depend entirely on their pension funds. In the worst case, money will not be able to provide balance for their future lives. Not to mention discussing the increasing need for money for dependents for living expenses, children's education and other health costs.

While I've come way too far thinking about this as I also goes around the towns and sees old people aging so helplessly as they're vulnerable, I fear not to be in such situations so then, I'm striving on making positive differences.
I've decided to have a diverse of my bitcoin investment for my retirement purpose.
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.
Your plan is much better than some people who ignore the process of their life in old age. You can invest responsibly by making the appropriate percentage, so that you can balance income, expenses, living costs and investments. The way you are doing is an effort to prepare for a much better life in the future and if you are consistent then I am sure that in the future you will get much better benefits than now.

Without preparation we will not be able to carry out and strategies are needed so that we can enforce the investments we make. It is important to remember that without thorough preparation we will not be able to achieve a better stage of financial freedom in the future.

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May 01, 2024, 09:03:01 AM
 #133

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.

That's it. The State of the economy would always determine how much you'd have to hustleein struggling to make better life. If we're comfortable with the economy situation, so as well the seal and energy of how hard we're pushing to catch up with these profits would be minimal and not like the cock and the bull fights we find ourselves in.

It's obvious that the economy situation keep going difficult time after times, generations after generations because I could remember during my childhood times when my parents were at the top of making things to happen, the most stress they faced was due to lack of developments and technologies but the economy system was stable and comfortably fitted.
But here in my generation where those developments and technologies has come to exist which was ought to make life easy for us, things are seem to even go harder and difficult for the average persons to survive it. So, there's no just option than hardworking earnestly to be searching for a better living inclined on how our old age and retirement are sighted are threats. We really have to double our energies and to hustle and make this impacts of craving for restful retirement times.

While considering the term "nature of the economy would go tough in generations after generations", let's also consider to plan well against our future generations by setting up some peripherals by which they can also come and inherit to support their lives with the challenges ahead of life during their time.
If my parents have had me in plans during their aging I don't think I'd be battered with all of the tussles of life I encounters today.

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May 01, 2024, 09:13:12 AM
 #134

It's really easy to say, especially if we see what's happening to them now, but we don't know what they went through before and the reason why they didn't have retirement or any investment, especially back then when not everyone had the ability to have money or other source of income and all they do is work to make a living for their family. Since the situation back then is far from now, hopefully in the coming years, the number of people who do not have retirement or any investment to get when they get old will be reduced.
That's why it is our responsibility to think about the future from now on, there is no reason in my opinion because everything can still be changed if we really think about the future.
It's too easy to say, however, we still have to try to make it happen, even if it's not optimal, but at least it's not just empty talk.
Our life in old age is our own responsibility and we have to think about this, whether it's investing or building a business for the future. Apart from all that, there are several things that must be paid attention to and prepared from an early age.
Indeed, investing for old age is not as easy as it says, but that doesn't mean it's impossible to do, it depends on how hard we work to be able to do things that can make us comfortable when we enter old age. While we are young, we can take advantage of all this by doing things quickly, the key is that we must not be lazy just because we are comfortable with our current life. Because if we don't want to get out of our comfort zone, then it will make us lazy to do anything.
We have to design a plan, after that we have to take the first step immediately. Once that is done, then in the end we must be able to be consistent with the commitment we made at the beginning, that is one of the keys that can make us comfortable in old age.

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May 01, 2024, 08:25:02 PM
 #135

Remember that retirement planning starts long before your retirement the general rule is that the sooner you start the better. Your potential amount of money which is necessary for your comfortable retirement is only up to you it may be a good idea to invest in bitcoin as it will provide you with good security during your free time. Saving some of your income by investing in bitcoin will double your savings and you can do whatever you want with your money in your spare time.
This is what people need to understand. Planing for the future is a responsibility that needs to be considered.  Most people never think of their retirement,  how it will be without having any investment.  Most people believe that when they are retired their children that they trained will be their investment and they will be the one to take care of them. This is not a good plan, first when planning to get an investment for the retirement age, it makes one to plan and work very hard for the future.  It is important never to Hope on anybody that they will be the one to come take care of you at old age because you can never predict the future,  the people you are might be putting your hope on may not even do what you expecting them to do for you in the future because of circumstances.

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May 01, 2024, 08:34:32 PM
 #136

Remember that retirement planning starts long before your retirement the general rule is that the sooner you start the better. Your potential amount of money which is necessary for your comfortable retirement is only up to you it may be a good idea to invest in bitcoin as it will provide you with good security during your free time. Saving some of your income by investing in bitcoin will double your savings and you can do whatever you want with your money in your spare time.
This is what people need to understand. Planing for the future is a responsibility that needs to be considered.  Most people never think of their retirement,  how it will be without having any investment.  Most people believe that when they are retired their children that they trained will be their investment and they will be the one to take care of them. This is not a good plan, first when planning to get an investment for the retirement age, it makes one to plan and work very hard for the future.  It is important never to Hope on anybody that they will be the one to come take care of you at old age because you can never predict the future,  the people you are might be putting your hope on may not even do what you expecting them to do for you in the future because of circumstances.
Young or old, doesnt matter what age as long you are matured enough then it would really be always best that you should be thinking about the future. Dont make yourself that thinking about relying into something until on the time that you do get old on which it would really be something relevant and something that would really be recommended. We dont know on what the future holds and whether our children
would really be helping us out on the time that we do get old or not. As for you both husband and wife when do gets old then nothing beats out if you do have that kind of security in regarding about your future.
You cant really just that make yourself that too confident on where you are at now on where having savings and other that sources on which it leads out on having that kind of security even if you do get old.

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May 02, 2024, 09:05:53 AM
 #137

If there is something I fear so much, it is not being able to do the things that matter to me because of financial constraints or overly busy schedules. I believe in proper planning and most especially planning ahead of time, I plan sometimes for six months ahead, funny as it may sound, I'm already saving little by little for my December celebrations. I love meaningful investments and I believe in investing wisely to cater for a later time. Old age is a blessing to whoever plans properly for it and a curse to those that neglected preparations for its coming. The reality that a time will come when my bones would not be so strong to carry out strenuous, stressful and mentally engaging activities that I undertake now prompts me to have some diversified profitable investments that will take care of me at the long run.

Everything should not be left for the government alone, its time people started taking full responsibility of their laterdays and prepare adequately, so that if government delays in their compliance, or  none coming forth, you can live a normal, healthy and fulfilled life as a senior citizen

So much points to rest upon in cordial to why we must put our future and retirement old age in considerations in earlier on While we're still strong, hail and hearten.
If only we can imagine the hard time of living on how we struggles to make life living in the young age, let's then imagine how old age would be at the period of time our organs would be so weak and our mentality will be so low that we can't be to fit in with the demands of stress to still keep the life going.
So While we take such awareness seriously, it'd aspire any individual to buckle up their aging plans.

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May 03, 2024, 12:06:13 PM
 #138

The old generation didn't plan for their future, I'm not generalizing all of them but many of them weren't really prepared for it. That's why we as the next generation that are going to that path shouldn't do what they've done. They didn't really do anything because life before was too easy and it's not too toxic as it is right now that everyone is getting involved with economic matters and becomes worried of what to eat for tomorrow unlike before.
Generational knowledge that creates many differences in our values. And the environmental differences between the two generations are huge. Hence, decisions about aging or retirement planning are not the same due to the gap and environmental differences between the two generations. That is, as you say their environment was much simpler and not as toxic as the current environment so it is natural to expect differences in economic planning. And we will learn from their lives and build our future according to our plan and how to correct all the mistakes in their life should also be included in the plan.
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May 03, 2024, 01:35:26 PM
 #139

I really do look at how the last generation believes in the retirement plan made by their government. Funny how a lot of people nowadays still believe in stuff like that. Do you know how nice and convenient it'll be if you focus just 10 years in your life on work, in that time build a lot of assets and retire at a young age? Retirement doesn't mean you're totally living on the money you've made or saved it's living on your assets .. and investing every single time you get the opportunity.

It really is sad that people still want to work for the government just cause of a retirement plan that they may not live to see. The same thing goes for assets that some people may not live to use. Try to enjoy every day as you prepare for the future so you don't miss the past or regret it.

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May 03, 2024, 01:49:34 PM
 #140

Generational knowledge that creates many differences in our values. And the environmental differences between the two generations are huge. Hence, decisions about aging or retirement planning are not the same due to the gap and environmental differences between the two generations. That is, as you say their environment was much simpler and not as toxic as the current environment so it is natural to expect differences in economic planning. And we will learn from their lives and build our future according to our plan and how to correct all the mistakes in their life should also be included in the plan.
The differences in making plans to organize life in old age will not always be the same between one generation and another. Because with each generation there are definitely new things they discover in their lives, which always creates differences in making any decisions to get a better economy for themselves. Environmental influences can also make economic planning different between the previous generation and the current generation, because every time there is new knowledge that is considered better than what people have done before, it will still be used in the lives of the current generation.

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