Your aging and retirement plan is your responsibility.

[goaldigger]

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.

Having crypto as your retirement plan is fine, as long as it is well planned and of course as long as you know how to take profit. Seriously, I’m not too focus about my retirement since I’m living my life everyday to the fullest since I can never know if I can stay alive during my retirement although of course I still prepare for it but it’s not for my self anymore, I prepare for the benefits of my family and crypto can also be a good choice for your retirement option.

[1714836642]

1714836642

[stadus]

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.

Having crypto as your retirement plan is fine, as long as it is well planned and of course as long as you know how to take profit. Seriously, I’m not too focus about my retirement since I’m living my life everyday to the fullest since I can never know if I can stay alive during my retirement although of course I still prepare for it but it’s not for my self anymore, I prepare for the benefits of my family and crypto can also be a good choice for your retirement option.

I have to agree. It’s actually fine to have crypto in preparation for your retirement soon. Knowing it appreciates its value in the long run, for me that’s a good investment for our future. However, investing without knowing the basics is like gambling your funds. You should know the risk involved with hodling bitcoin, and should be well aware of its highly volatility. But if your purpose is to hold it for such a long term without having an attempt to sell it, I guess you won’t be highly bothered with its volatility nature. Just stick to your set goals then.

[DubemIfedigbo001]

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

[Fatunad]

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.

Having crypto as your retirement plan is fine, as long as it is well planned and of course as long as you know how to take profit. Seriously, I’m not too focus about my retirement since I’m living my life everyday to the fullest since I can never know if I can stay alive during my retirement although of course I still prepare for it but it’s not for my self anymore, I prepare for the benefits of my family and crypto can also be a good choice for your retirement option.

I have to agree. It’s actually fine to have crypto in preparation for your retirement soon. Knowing it appreciates its value in the long run, for me that’s a good investment for our future. However, investing without knowing the basics is like gambling your funds. You should know the risk involved with hodling bitcoin, and should be well aware of its highly volatility. But if your purpose is to hold it for such a long term without having an attempt to sell it, I guess you won’t be highly bothered with its volatility nature. Just stick to your set goals then.

But dont forget that it could also depreciates on which it would really be just that right that you should be also thinking about the probabilities about declining in price on which this is something that could really happen out. We do know that when it comes to this aspect then there would really be those possibilities that it could really be having that kind of opposite condition on what you are anticipating.
Instead on earning you would really be rather seeing your accumulation to be in negative. This is why you should really be that wise on choosing on which coin you would really be holding which majority
would be choosing up Bitcoin but of course there's no such guarantee considering that no one really knows about the future.

Proper planning about your future when you do get old is something that recommended despite on having that government aids or support but you cant know on what would be happening.
Its better to have back up plans rather than on having nothing at all.

[NurseHub]

In this case of not investing for the future, I have come across these things a lot of times, and I keep asking why they live such a life. Even before the economy got to this point, this had been happening.
Some of this is the fact that they hope that this opportunity will surely come back to them, and when it comes the second time, they can use it to build up for the future.

Ignorance is one of the major reasons for this.

While growing up, I could remember a time when opportunities came to my place (the community), and there were a lot of chances to work in a company given to youth and older men. Unfortunately, lots of them sow out their chances to other people, use the money for flexing, and squander it without proving anything. And unlucky for them, this opportunity never came back. That was actually the last, and they couldn't make use of it.
And in the same case, there were also men who actually took the jobs and also squandered the finances in the hope that the work would last forever. Lots of people are living a despicable, indescribable life, not putting their future in line of failure. It's not just about the economic system. 

[AirtelBuzz]

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.

Yes you are right it is our own responsibility to plan for our aging and retirement. If we can plan and save our money properly from a young age by thinking about that future, then maybe we will be able to use it properly in old age. But the country where I live has a lot of economic recession. The high cost of living of the common people in our country due to high inflation is making people's lives miserable and difficult. As a result they have no way to plan for the future or save money for the future. There are many people in our country who have no future plan their only plan is how to eat and survive, that is their main aim.

But OP as you say those who have extra money and have enough money to save for the future may be better off opting for bitcoin investment. If Bitcoin can be deposited regularly from a young age with a future in mind, it will be much more beneficial for the future.

[Marvell1]

From your post, I don't see you have any plans for your old age, what you might be thinking of is investing some money in bitcoin and thinking that it can help you earn some big money when you get old. But have you ever thought about the scenario where bitcoin will not increase in price in the future or will it become worthless as you get older? Anything can happen and if you really want to have a fulfilling old age then you need more than a plan to invest a small amount in bitcoin and expect it to make you rich.

Nothing surprising, most of new generations are trapped into self pro claimed motivators' mouth. Most of them always suggest people to invest to get rich, while invest is actually the last step to increase/protect your wealth.

Frankly speaking, many of us are still living on family allowances, many of us are still working hard to take care of every meal for our families. Life is increasingly hustle and bustle and we have to race against time just to take care of tomorrow's meals, making money has never been easy.
I never even dared to think about retiring, let alone planning to retire with a huge amount of money. As we grow up and have families, we will understand that there are many things to worry about, there are many things to prioritize besides retirement. I believe those who are married and have children will understand what we are going through.

[God bless u]

Most people who don't care about retirement is low or low middle class people.

Their parents didn't teach them how to manage money, their curiosity make them want to explore anything and since they always get bullied due to being poor, now they want to prove anyone if they have expensive stuffs.

It's a trauma that makes them like that, since I'm not in their shoes, I can't relate and they might have a point for doing that.

I can tell from my experience that Americans and Europeans care the most about retirement plans. In my country retirement plans don't exist, people work till they can or die. Too many people in their 70s work where I live and I have even seen some 80-year-old people working as a cleaner and in farming.
In poor countries, young people don't earn enough to make savings and when their parents grow older, their kids, now adults, have to feed them and take care of them. Years pass, parents die and these people still don't have any money saved. Then they get older without a retirement plan and then they end. That's what lifecycle looks like in poor countries. Parents luck education and their children have to pay for it.

Yeah I think you are right to some extent. European propel are worried for their retirement plans the most and they plan slot for their retirement. This is not a negative thing to do but thinking too much for your future is also very harmful.

When you think too much for the future you can not enjoy the life that you're present in and that's the most negative effect over planning have on your life.You should plan up to a limit but don't exceed in thinking of that.

[DanWalker]

~snip~

Yes you are right it is our own responsibility to plan for our aging and retirement. If we can plan and save our money properly from a young age by thinking about that future, then maybe we will be able to use it properly in old age. But the country where I live has a lot of economic recession. The high cost of living of the common people in our country due to high inflation is making people's lives miserable and difficult. As a result they have no way to plan for the future or save money for the future. There are many people in our country who have no future plan their only plan is how to eat and survive, that is their main aim.

.

No one wants to live in poverty, no one wants to grow old with nothing, those are the basic things that any adult thinks about. But the problem is that today's world is too harsh, we are even struggling to cope with inflation, recession, crisis...there are too many problems we have to face. Many of us have not been able to ensure our short-term life needs, so how can we dare to think about more distant things? As long as we can ensure our short-term and medium-term needs, then we can dare to have a retirement plan for ourselves. There is a huge gap between saying and doing and things are much more difficult than we think.

[Gozie51]

When you think too much for the future you can not enjoy the life that you're present in and that's the most negative effect over planning have on your life.You should plan up to a limit but don't exceed in thinking of that.

You can only be comfortable without planning if you have already planned properly for your old age and it is said that he who fails to plan has already planned to fail. Nothing is too much to plan for old age because it is actually a helpless stage of the life we living just like the newborn babies who are helpless to whatever is confronting them. If you have an issue that you can not solve as a young and able bodied man then you can compare that with old age. Therefore, you need a constant plan for the old age until it is put in right perspective before you can relax on that. Planning up to a limit is when you have settled that all is good for the old age.

[TravelMug]

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.

I guess it's the conditioning of the society that most of us are not bothered about retirement plans until it's too late. And we might not seen this to our parents as well, as they grow old and again past the critical state that they can't go back and correct the future and then you as a kid will inherit that kind of mentality. And hopefully for us, we will have our own kids as well and so it's better to think our their future and our retirement plan as well. Maybe some of us are still working and so this where our crypto investments comes in, at least in just one full cycle in Bitcoin (4 years), we could have save and accumulate money so that in the next year or so we are be ready when old ages comes in and we are not longer in our prime to work and go on retiring.

[slapper]

People don't realize retirement isn't far off. Your entire future is approaching, whether you realize it or not. Even smart people ignore the problem. It's crazy! Despite money accounts and tools, people won't plan. Like they expect today's salary will endure forever. Really awful gamble

You choose Bitcoin for retirement is a brave move. It's not just about money; it's about control. You won't be taken off guard if the old system fails, which happens often. Consider those elderly struggling; they're warnings, not fiction! Listen to warnings, plan ahead, stay safe. Instead of textbooks, we study by watching. Save, invest wisely, and remember that the future begins today

[Z390]

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.

It hurts when something similar is happening to your own blood, who have fought some tough battles in life when it comes to financial freedom, today he just gave up, tired of fighting, and when I asked him why he said he is tired, someone at the age of 30+,  he said he only cares about having food on his table, but I believe this was out of anger.

Years back he was one of the few people that won't let me invest in Bitcoin with peace, they tried to hard to talk me out of the idea but I am glad I never listened to them, how is the situation of the country has turned out to be is a shocking event for them.
Many people never knew that things could get this hard in my country, but I saw it coming, normally I am the type that doesn't like asking people for help, so I always fight for myself so that I won't go around putting my problems on others.

When you give up on yourself is where everything ends, some people don't have that strong sense of a never ending struggling, they get tired easily.

[Iranus]

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.

Having crypto as your retirement plan is fine, as long as it is well planned and of course as long as you know how to take profit. Seriously, I’m not too focus about my retirement since I’m living my life everyday to the fullest since I can never know if I can stay alive during my retirement although of course I still prepare for it but it’s not for my self anymore, I prepare for the benefits of my family and crypto can also be a good choice for your retirement option.

I'm not pessimistic but I think I have the same outlook on life as you, besides the fact that we don't know how long we can live, plus life is full of difficulties like today. I even have difficulty maintaining my family's daily living needs, so I don't really dare to think about things like retirement or enjoying life. Between retirement and my children's future, I will prioritize planning for their future more than anything. Therefore, I have never and have no intention of planning for retirement.

Even on this forum there are hundreds of threads talking about inflation and people struggling to deal with it. That shows that the majority are still facing many immediate challenges, how do we have time to think about retirement?

[bakasabo]

People don't realize retirement isn't far off. Your entire future is approaching, whether you realize it or not. Even smart people ignore the problem. It's crazy! Despite money accounts and tools, people won't plan. Like they expect today's salary will endure forever. Really awful gamble

You choose Bitcoin for retirement is a brave move. It's not just about money; it's about control. You won't be taken off guard if the old system fails, which happens often. Consider those elderly struggling; they're warnings, not fiction! Listen to warnings, plan ahead, stay safe. Instead of textbooks, we study by watching. Save, invest wisely, and remember that the future begins today

I would say that few people think about their far future, but makes plans for their next half a year only. A maximum what many are capable of is to plan summer vacation in winter, and where they would go skiing or in which fancy or nicely decorated place they would love to celebrate Christmas. People imagine retirement as something that begins when they are 65+, and they plan to start thinking about it at late 60, like they have few years of working hard as possible to earn as much as possible. But they dont realize, that they can become retired at, for example at the age of 25 after being hit by a car, and their whole life will be dependable from government pension, and they would be lucky if that guy had good vehicle insurance.

[Essential10]

Yes, aging and retirement planning is an important issue. A person should proceed with old age and retirement planning from the time he starts earning for himself or his family. Many may plan differently, but I would say that if you want to go ahead with such a plan, you must first determine how much income you will need in retirement to maintain your standard of living. You also need to think about potential risks, such as inflation or market volatility, that could affect your retirement income. Once you have a clear understanding of your retirement income needs and sources, you can begin investing in Bitcoin and any other sector to help you reach your goals.

[DeathAngel]

The sooner we realise that our governments don’t care about us the better off we will be. State pension is not enough to live on so I fully agree with the OP that your retirement plan is your responsibility. Look elsewhere for private pensions & other investments to ensure you can live a comfortable life in retirement.

[aioc]

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.

When you're young you seldom think of that situation until you realize that you are showing signs of aging and so you are struggling to earn or make more so you have something when you retire and get old that's my experience I did not entertain the idea of retirement until I show sign of aging, there will always a point in our life that we realize that are going to another phase of our lives

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.

I should have learned from other people, aging and retirement should come across our minds when we are earning a lot, because we are not always that strong and sharp to rely our strength to earn for our retirement, early planning is really very important.

[junder]

Frankly speaking, many of us are still living on family allowances, many of us are still working hard to take care of every meal for our families. Life is increasingly hustle and bustle and we have to race against time just to take care of tomorrow's meals, making money has never been easy.
I never even dared to think about retiring, let alone planning to retire with a huge amount of money. As we grow up and have families, we will understand that there are many things to worry about, there are many things to prioritize besides retirement. I believe those who are married and have children will understand what we are going through.

Obviously, everyone has different circumstances whether it's their economy, their finances or even their family relationships. Indeed, many people are still working hard to be able to meet their needs, such as meeting basic kitchen needs, paying bills here and there, even I think there are still people who put aside their desire to meet the needs of their family. Moreover, it is not easy to make a lot of money, so it is not strange that there are still many people who lack even in terms of eating or their daily lives.

Mainly we have to be able to make a lot of money by working hard, because indeed I myself want to bear all the living expenses of my family it is my dream, especially with later when I get married, right you say after marriage of course the needs will increase and must be considered, it is not strange that there are cases about disputes between our own families and our spouses or wives because we have responsibilities to our wives but must pay attention to the family as well, but there are couples who cannot accept that even the opposite is the same.

[Ojinga]

Here where I come from we don't think about the retirement plan or take it as our responsibility, because the government itself aren't helping with it they all knows that the retirement plan it's yours but they'll make it hard for you so that you'll forget about it. After forgotten about it then they're the ones to enjoy it by their selves. I'll set my mom as an example, it over 3 to 4 years now mom have been fighting about the retirement plan as I'm talking to you now she haven't still gotten any reply from them. For me I'm not even thinking about it as well because I've set up my plans and investing with Bitcoin for future purposes, no one trust the government any longer mostly when it comes to money so we shouldn't wait until our aging and retirement plan as our responsibility. As we are getting paid we should try and invest or save a lot more for the future, and stop relying with our retirement plan or waiting until will get retired before we can invest or save for ourselves.

We all know the government doesn't care about us, so the earlier we stay away thinking or hoping and believing that our pension money would be released without suffering for it. For it's our investment but the government won't take it that way because of their greed lifestyle I'm not even hoping on them that's why I'll tell my people not to put hope on them as well, many people have gone down waiting for their retirement plan until now even their families haven't still gotten any reply from them. I'll advise people to start investing now because the government aren't helping matters they only think about their stomachs and it's more better you go for retirement before aging because you'll still have some savings and strength to work around for it but the worse part is that you're at age and you don't have the strength to make some movement towards your retirement plan. So let's stay strong and be wise and stop thinking that your retirement plan will solve your responsibility, invest now that you're still working before you get retired.