Your aging and retirement plan is your responsibility.

[Assface16678]

Investment and business, the only way I see the best retirement plan is to have an investment that will give you passive income or build a business that you know you can grow, the thing is in the current situation in the society having one stable job and salary is not enough, while the inflation rate is keep getting higher the amount of salary didn't so eventually you will become short for everything you have expenses with, so the best option is to grind and make an investment and if you kmow you have a shot in business then build one while you are still young so that when you think your business is big enough to sustain you afterwards then you can retire and just focus on your business and you might make more businesses and investment. Like what I'm doing right now, I'm doing my best to have a good investment that could make me a good amount of money and dream of owning my own business.

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[Russlenat]

Unfortunately sometimes I feel like I know a lot of people like this too.

They just get old with no particular plan in life. They aren’t exactly struggling always but they are also not super rich but it seems like it’s just that they don’t care anymore or they have given up already. Either way that is the reason why I think we should start as early as possible to invest for our futures.

I have seen people like this, most likely those who are extra dependent on their parents and even if they have already mature, they can’t still stand on their own because their parents too are treating them like little kids. I hate to say this but they will only realize this once their parents will not be around anymore, and it will be too late for them to start standing on their own. And another realization is that if they only use their money to plan for their future and wisely invest for their retirement soon, then they won’t have to face financial crisis the moment both their parents have gone.

[Oasisman]

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.

What's the most ideal age for someone to get retired totally from their day jobs? 60 right? Well, some people of this generation doesn't seem to be bothered by these kind of plans because they thought that today's young generations has lesser chances of making it to 60 than people in the 90s or older. Simple because of the kind of lifestyle and environment we're living in today. So, most probably insurance companies are gonna get a lot of profit as the number of pensioners in the next 20-30 years will become lesser than today.
Now, people in this generation would rather enjoy their hard earned money to travel and enjoy life while they are still financially and physically abled. Thinking way ahead doesn't work for everyone though.
This is also the reason why most of these people are just depending on the government benefits when they retire.

[Uruhara]

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.

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.

Well, it would be better if we could take lessons from the people around us. We don't need to experience the difficulties experienced by others if we can learn from observing the mistakes made by others. And so that we can learn and not step on the wrong path like others do.

Preparing for retirement so that you are in the best condition is everyone's dream. Especially if it is financial freedom. So it would be better if we spent more time working when we were young so that we could relax more when we were old.

[Hewlet]

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.

retirement is a phase all of us will have to face at the right time and regardless of how prepared we are towards it or not, when it finally comes, we will enjoy the period or endure it and this is one main reason why we have to make adequate plans towards it so we don't end up being retired folks that are in peril of basic life's needs.

I have seen old dudes that after retirement, what they hard left were just stories regarding how they worked hard and made money only to spend it all out with little or nothing to show for it at there old age. Fortunate for my dad, he had a great retirement plan that he has managed to execute part of it and although not yet retired, at least investing into some real estate has giving him some edge and has placed him in a position where retirement wouldn't be a serious nightmare. For me, I'm still very young and part of the greatest thing that has happened to me at this phase is that I have discovered this forum earlier enough to have known the importance of making the right investment now that I'm still young and strong and so I've already starting stacking a part of my earning into Bitcoin investments and hopefully before my middle 30s, i should have hard at least three strong investments channels that will certainly preserve anything that had to do with my retirement.

[Yukyzu]

Unfortunately sometimes I feel like I know a lot of people like this too.

They just get old with no particular plan in life. They aren’t exactly struggling always but they are also not super rich but it seems like it’s just that they don’t care anymore or they have given up already. Either way that is the reason why I think we should start as early as possible to invest for our futures.

I have seen people like this, most likely those who are extra dependent on their parents and even if they have already mature, they can’t still stand on their own because their parents too are treating them like little kids. I hate to say this but they will only realize this once their parents will not be around anymore, and it will be too late for them to start standing on their own. And another realization is that if they only use their money to plan for their future and wisely invest for their retirement soon, then they won’t have to face financial crisis the moment both their parents have gone.

When they depend too much on their parents in various things then that person will find it very difficult to live their life without the help of their parents and this is a habit experienced by those whose parents have a lot of money so they don't think anything about how to get something. and will always be there when they want it, but if they can think about the future they will of course be able to manage well what their parents give them so they will be able to plan for their future and if they don't think about their future of course will have difficulty living their lives because their parents no longer think about their lives.

[traderethereum]

Many people still don't care about old age and retirement and haven't made any plans. They are still busy looking for what they want, and when retirement comes, they can't do anything because they haven't made any plans or preparations.
We have seen many examples of this so we must be able to avoid things like that happening to us. We have to start making plans for our retirement now because when the time comes, we will be ready for everything.
With this plan, we will not be confused when we retire and can enjoy our retirement days well.

[knowngunman]

Unfortunately sometimes I feel like I know a lot of people like this too.

They just get old with no particular plan in life. They aren’t exactly struggling always but they are also not super rich but it seems like it’s just that they don’t care anymore or they have given up already. Either way that is the reason why I think we should start as early as possible to invest for our futures.

Most at times, it's not just lack of plan but rather the inability to execute the plan. With the level of education and awareness about saving and investment for a brighter future, majority of our young generations have some plan but unfortunately there is no opportunities to make this plan achievable. I know quite a few numbers of people whom we share ideas with and they really have some impressive plans for their future if everything works right but here comes the challenges of heavy inflation.

It's very necessary to start early as you suggested if there's opportunity because one thing that also affect some of these aged people is opportunity, they have no access to opportunities as some of us are having now at our younger age. Opportunity open rooms for every plan you have and that's why it is very important to seize any you have.

[AVE5]

Most people don't think about planning their future when they are young and then they get very sorry later on. Everybody should plan their own retirement program and manage their own retirement fund. Our parents don't teach anything about it because they didn't need it and schools don't mention it because it is not in their interest. If you realized this when you are young, then you are pretty lucky because you have a long life ahead and that means you have much time to plan your future. A diversified portfolio of crypt & stocks will do wonders in 10 years. When your portfolio grows bigger, you can even add bonds and real estate to strengthen it. Remember, take more risks when you are younger and less risks as you get older.

While you've said it all, let it me pinned as reminder that we're opportuned to work hard and harder during when we're young and weak to handle those hard pressures during when we gets old.
So we can as much undertake those risks in planning towards our retirements as much our muscular and sensitive organs could withstand it while we're limited to risk bearing during when we're old.

[bakasabo]

Well, that depends. In many European countries, if you have nothing when you retire, the state gives you all sorts of benefits, and even before you retire. What happens is that these benefits are only for subsistence, not much more. But knowing that the state network is there makes many people not to worry about their retirement. However, the best thing to do, even if you have a public pension in the future or benefits if you are not entitled to a pension, is to supplement it with savings and investments throughout your working life.

That help from government for retired people differs from one European country to other. I live in a European country and my grandma receive only such benefits: free public transport, discounts for city-to-city transport, once per month she get some food package from "pension fund" that consist of cereals, sugar and few cans with vegetables. I would not call it even as minimum survival package for a week. I call it as total absurd, when average pension is less than minimum living wave which is less than minimum monthly salary.

[Fara Chan]

When they depend too much on their parents in various things then that person will find it very difficult to live their life without the help of their parents and this is a habit experienced by those whose parents have a lot of money so they don't think anything about how to get something. and will always be there when they want it, but if they can think about the future they will of course be able to manage well what their parents give them so they will be able to plan for their future and if they don't think about their future of course will have difficulty living their lives because their parents no longer think about their lives.

There would be nothing wrong with some people being born into rich families and being able to enjoy their lives while their parents were still healthy so they were still able to give them whatever they wanted. But people who are aware and grateful for themselves were born in such conditions, because they can live like that in their old age. Of course they must be willing to prepare everything from now on by doing something valuable at this time without paying too much attention to what their parents give them.

Even though this is part of the parents' responsibility towards their children, on the one hand, people who are born into rich families must also realize that one day they will also build their own family life like their parents are building their family now. So it would be a huge loss if they don't think from now on when there are still many pleasures they can experience through their own parents so that they can get continuous enjoyment until their old age arrives. Because now we can see that there are many poor people who are struggling for this even though they have to go through a very bitter process in their lives.

[Alone055]

Even though this is part of the parents' responsibility towards their children, on the one hand, people who are born into rich families must also realize that one day they will also build their own family life like their parents are building their family now. So it would be a huge loss if they don't think from now on when there are still many pleasures they can experience through their own parents so that they can get continuous enjoyment until their old age arrives. Because now we can see that there are many poor people who are struggling for this even though they have to go through a very bitter process in their lives.

It depends on the upbringing and what parents teach their children about life and wealth and every other thing that matters. If parents are not interested in teaching their children the value of money and how difficult it is to earn money and be responsible when they step into practical life, they will barely care about such things because all they would be doing is spending the money their parents earn and think that they will have the same privilege in the future as well, and parents also don't tell them that they will need to take care of themselves on their own in the future when they won't be around anymore.

Sure, they might get some wealth as an inheritance from their parents when they pass away, but that wealth wouldn't stay forever or grow until they do something with it, and one can only do something valuable with existing wealth if they have learned something in the past.

Such are the people who would spend and finish all the inherited wealth and then start from scratch, living a life that is miserable and full of struggles because they didn't act positively when they needed to.

[Spaceman1000$]

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.

Ever heard of insurance or pension? This is what senior citizens using on their daily life aside from their savings. I have a veteran grandparents that has a pension sufficient enough to support a big family since he made a lot of contributions during his active work.

He manage to have good life and financially stable after retirement due to his pension and insurance which paid from his job salary. You don’t need to venture on investment if you have a decent salary for career. Relying on Bitcoin alone will not gonna work because you will need to have a good source of income just to sustain the growth of your investment.

Having a good career path is still the best so that if your future investments doesn’t turn out to be good, you have a guaranteed source of income that can provide you a future savings.

The thing is, most of the young people of this generation don't have pensionable Jobs, They are faced with menial jobs that is not pensionable, so finding a career part becomes difficult. I feel population growth has shrink those opportunities the senior citizens enjoyed in their youthful age.

So my take is that, most of the young people can actually find a pathway through bitcoin investment because you have guarantee on your returning in your investment, with the profit you earned from your investment you can easily diversify to other sources of income, and as such you can easily save for retirement or day's you will no longer be too active.

[tygeade]

In my opinion, failure occurs because the planning we do cannot work well and no one plans failure for themselves and I agree with what you say. It is very important for us to be able to have plans for the future because we will never know when we will will not be able to do work that can provide us with income by having a plan for the future so when the time comes when we are no longer able to do work, we can enjoy the results of what we have prepared while still able to work.

For those who can only earn enough to eat, of course it will be impossible for them to think about their future so this will continue until they earn enough income for their needs and some of it they can save, but this will it is very difficult if the country where they live does not make it easy for their people to generate a decent income for them.

That's true, income over investment at any time. I believe that investment for income is also the greatest way to go as well. If you could find an investment that could turn into you making money, and having an income, that means you are going to get a greater future. That is one of the biggest reasons why I am investing heavily into ETH these days, I will not be able to reach to a point where I can only stake ETH and live with that, but at the very least I could maybe reach to a point where it would supplement my current income.

Even something as small as 200-300 dollars per month would be insanely helpful for me, and that is why I am trying my very best to combine income and investment together to get a better future.

[iv4n]

...
At some points in life, you don't expect to be thought lessions before you could learn but you can learn from others experiences.

In theory, many things sound easy, but reality/practice is something quite different. What we humans want is to live, and to live means to experience things around us, good and bad. If we took every experience from others how could it be called life?

We all know that we should make plans for the future, but sometimes (rarely or more often) all plans fall through the cracks and we are forced to start from the beginning. As Woody Allen said, "If you want to make God laugh, tell him your plans.". So I understand people who feel casual, without any big plans just living their life. Everyone has a right to their own life and I doubt that anyone can say how best to live, everyone has their own wants/hopes/needs/etc.

[AnonBitCoiner]

Well, it would be better if we could take lessons from the people around us. We don't need to experience the difficulties experienced by others if we can learn from observing the mistakes made by others. And so that we can learn and not step on the wrong path like others do.

Preparing for retirement so that you are in the best condition is everyone's dream. Especially if it is financial freedom. So it would be better if we spent more time working when we were young so that we could relax more when we were old.

Yes this is a better way to minimise your mistakes by visualising the condition of other people but some people don't share their mistakes but start to blame the selected field. I think one should analyse the whole situation and then work according to it so he can identify and differentiate between good and bad things.

Everyone should think about the financial system after retirement so if someone has not retired yet then he can make all his plans prior to retirement because making plans before the situation happens can help you in making good decisions.

We have to save money and invest from a younger Age because a sudden situation at the time of retirement can make us distress and we will spend all money without planning and thinking about the future therefore spend according to your adopted plans.

[Hamphser]

Well, that depends. In many European countries, if you have nothing when you retire, the state gives you all sorts of benefits, and even before you retire. What happens is that these benefits are only for subsistence, not much more. But knowing that the state network is there makes many people not to worry about their retirement. However, the best thing to do, even if you have a public pension in the future or benefits if you are not entitled to a pension, is to supplement it with savings and investments throughout your working life.

That help from government for retired people differs from one European country to other. I live in a European country and my grandma receive only such benefits: free public transport, discounts for city-to-city transport, once per month she get some food package from "pension fund" that consist of cereals, sugar and few cans with vegetables. I would not call it even as minimum survival package for a week. I call it as total absurd, when average pension is less than minimum living wave which is less than minimum monthly salary.

There are really countries on which they do really have that much better programs which are really that intended for elderly on which they would really be that somewhat that do able to make themselves
having that kind of assuring condition that they wont really be that be struggling on the time that they would be able to reach out those retirement days on which it would really be that a good situation
or part for them. This is why most of those old people would really be that confident that on where they would really be ending up and not really just that planning too much whether they would be saving up
that much for their future conditions just because they do know on the benefits that they could really be able to get but of course just like been said that this would vary from each country because
not all would really be on the same condition or situation.

[Dewiana]

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.

Ever heard of insurance or pension? This is what senior citizens using on their daily life aside from their savings. I have a veteran grandparents that has a pension sufficient enough to support a big family since he made a lot of contributions during his active work.

He manage to have good life and financially stable after retirement due to his pension and insurance which paid from his job salary. You don’t need to venture on investment if you have a decent salary for career. Relying on Bitcoin alone will not gonna work because you will need to have a good source of income just to sustain the growth of your investment.

Having a good career path is still the best so that if your future investments doesn’t turn out to be good, you have a guaranteed source of income that can provide you a future savings.

All of us must experience ups and downs and also use our old age to just enjoy the results, therefore we must make long-term plans so that every opportunity must really be utilized to the maximum. The latest world developments must also continue to be monitored so that when there is a small opportunity we can invest, like today's crypto, we must also be able to set aside our money every day, even if it is a little, because that will become our capital when times are difficult in the future. Youth must be utilized as fully as possible because only ourselves can protect us

[Cryptomultiplier]

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.

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.

Diversifying BTC for retirement plans is not really my thing because at the end of the day, there would be no reasonable profit for the original investor and the investor would be left with the choice to either hold or sell when old age comes and if they didn't get to introduce their siblings or grandchildren to BTC , the coins would be lost.

[Lanatsa]

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.

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.

Diversifying BTC for retirement plans is not really my thing because at the end of the day, there would be no reasonable profit for the original investor and the investor would be left with the choice to either hold or sell when old age comes and if they didn't get to introduce their siblings or grandchildren to BTC , the coins would be lost.

That would really be only the cons when you are really that tending to accumulate crypto which it isnt really just that Bitcoin but also in other coins as well on where there's really a tendency that those coins would really be lost specially if you havent told someone in regarding with your holdings and since no one would really be able to know on when you would pass out then those coins would really be lost forever
not unless if you have told someone in regarding with your posession and telling about your PK then those coins would be retrieved out or could be accessed but we do know the particular risks once we are still alive and other people do have that awareness of those keys which it could potentially stolen. This is why when in regards to retirement and on the old age condition then majority would really be still
preferring those old traditional ways.

Having some crypto holding wouldnt really be that a bad idea but of course you should really be preparing for those cons that it would have and it would be such a waste
if there's no one would be able to benefit it out just incase of emergencies.