Bitcoin or pension funds which is better for retirement?

[Ishicryptic]

For those of us that are knowledge about cryptocurrency we know that Bitcoin is a store of value. If you hodl for long term you will be getting investment returns in bull circles. Investors can do DCA method of accumulation till their retirement.

Pension funds are a pool of funds that are managed by trusted institutions for long term retirement plans. Most pension funds managers are recognized and regulated by government which gives them trust by fund owners. Fund owners will do DCA method of monthly payments or as agreed into the account of their trustfund until an agreed retirement age. The pension fund management will repay capital + profit at owners retirement because they are using funds in their custody for businesses.

During president Obasanjo's regime he made it mandatory for workers salaries to be deducted for pension plans. Today many workers are benefiting after retirement from their funds + profit returns. Also many Bitcoin holders on DCA method for many years are very rich today.

I prefer Bitcoin DCA retirement plan than pension DCA retirement plan. Bitcoin is decentralized and I have total control and privacy over my coins through my none custodial wallet. Pension funds managers are third parties that can mismanage my funds and go bankrupt. If you were a layman and given a choice between the two retirement plans which will you choose?

[Shadiq]

I would definitely choose the Bitcoin pension system. The main reason for this is of course the high return. The pension system is basically deposited in the DCA strategy for about 30 years. Now think, if you save your money regularly in Bitcoin for 30 years, how much return can you get?

Fiat loses value day by day due to inflation, even if you make a profit on your fund, it will not be equivalent to Bitcoin. Suppose if you deposit $100 per month in your pension fund, then your pension fund will be deposited in the year $1200 and in 30 years it will be $3600. Now if we expect 4x profit in 30 years, then the amount will be $144k, which is much more than 1 Bitcoin at the present time. This was my simple calculation, but from my point of view, the Bitcoin pension system will pay several times more than the Fiat pension system. I would definitely choose Bitcoin.

[WhoYouCantKill]

If to say I be layman, I for choose pension funds, the reason be sey them dey regulate am, e dey stable, and provide payouts that are predictable. Bitcoin get big upside, but e dey volatile and e no get guarantee, you fit end up with big gain or maybe big losses. The sure way for some people na to mix, pension funds for security and Bitcoin DCA as extra, higher risk bet for growth.

[sokani]

Some people, when them reason say after active duties, pension go dey drop for their account steadily until them kpai, e dey blow their mind and nah the reason most people dey like government jobs. Though, no be bad thing, but in comparison with DCA or Bitcoin pension eh. I go choose the Bitcoin pension. Just as Shadiq pointed out, inflation sef go kill the money after retirement and you no go fit use am buy better thing.

But with DCA on a monthly basis for 30 - 35 years, which nah di time duration wey civil servants dey reach before dem retire. No be small money person go realize because Bitcoin go don appreciate well well. With that kind money sef, person fit even buy one small country and everybody wey dey inside

[Jubilee58]

For those of us that are knowledge about cryptocurrency we know that Bitcoin is a store of value. If you hodl for long term you will be getting investment returns in bull circles. Investors can do DCA method of accumulation till their retirement.

Pension funds are a pool of funds that are managed by trusted institutions for long term retirement plans. Most pension funds managers are recognized and regulated by government which gives them trust by fund owners. Fund owners will do DCA method of monthly payments or as agreed into the account of their trustfund until an agreed retirement age. The pension fund management will repay capital + profit at owners retirement because they are using funds in their custody for businesses.

During president Obasanjo's regime he made it mandatory for workers salaries to be deducted for pension plans. Today many workers are benefiting after retirement from their funds + profit returns. Also many Bitcoin holders on DCA method for many years are very rich today.

I prefer Bitcoin DCA retirement plan than pension DCA retirement plan. Bitcoin is decentralized and I have total control and privacy over my coins through my none custodial wallet. Pension funds managers are third parties that can mismanage my funds and go bankrupt. If you were a layman and given a choice between the two retirement plans which will you choose?

Bitcoin is more preferable to pension fund, the reason is this, when you invest or put your money in pension fund, your money remains in your local currency or fiat, and the pension managers uses your money for Their own company business and add little to your own account and that is not the case with bitcoin.

When you use bitcoin as your retirement fund, you are in total control of your fund, and all the profit that will be generated from your investment is all your and no other person will be aware of it.
Furthermore, the amount of profit that will be generated from your bitcoin investment will be far better than that of pension fund.

Imagine someone bought bitcoin like 15yrs ago and is in your portfolio till date, you would have been a millionaire by today, and of which pension fund can not give you such amazing profit, and with bitcoin potential today, investing in bitcoin is preferable to pension fund.

[Su-asa]

For those of us that are knowledge about cryptocurrency we know that Bitcoin is a store of value. If you hodl for long term you will be getting investment returns in bull circles. Investors can do DCA method of accumulation till their retirement.

Pension funds are a pool of funds that are managed by trusted institutions for long term retirement plans. Most pension funds managers are recognized and regulated by government which gives them trust by fund owners. Fund owners will do DCA method of monthly payments or as agreed into the account of their trustfund until an agreed retirement age. The pension fund management will repay capital + profit at owners retirement because they are using funds in their custody for businesses.

During president Obasanjo's regime he made it mandatory for workers salaries to be deducted for pension plans. Today many workers are benefiting after retirement from their funds + profit returns. Also many Bitcoin holders on DCA method for many years are very rich today.

I prefer Bitcoin DCA retirement plan than pension DCA retirement plan. Bitcoin is decentralized and I have total control and privacy over my coins through my none custodial wallet. Pension funds managers are third parties that can mismanage my funds and go bankrupt. If you were a layman and given a choice between the two retirement plans which will you choose?

Bitcoin pension is not a bad ideal but the obvious is that many people can not stay for 20 to 30 years without dipping hands into their Bitcoin portfolio. Unless they do not have access to their Bitcoin portfolio. But everyone knows that it's very difficult to hold Bitcoin for up to 20 to 40 years. One of the main reason why many people still get to benefit huge amount of money from their pension money after retirement is basically because they do not have access to their Funds why were still working.

If the system can hold pension money in crypto currency (Bitcoin) for every workers then it will be more easier for people to get even a bigger amount of money after retirement because we all know fully well that bitcoin is a good store of value and holding for up to 30 to 30 years will be more beneficial than fiat benefits.

[Sammye3]

For those of us that are knowledge about cryptocurrency we know that Bitcoin is a store of value. If you hodl for long term you will be getting investment returns in bull circles. Investors can do DCA method of accumulation till their retirement.

Pension funds are a pool of funds that are managed by trusted institutions for long term retirement plans. Most pension funds managers are recognized and regulated by government which gives them trust by fund owners. Fund owners will do DCA method of monthly payments or as agreed into the account of their trustfund until an agreed retirement age. The pension fund management will repay capital + profit at owners retirement because they are using funds in their custody for businesses.

During president Obasanjo's regime he made it mandatory for workers salaries to be deducted for pension plans. Today many workers are benefiting after retirement from their funds + profit returns. Also many Bitcoin holders on DCA method for many years are very rich today.

I prefer Bitcoin DCA retirement plan than pension DCA retirement plan. Bitcoin is decentralized and I have total control and privacy over my coins through my none custodial wallet. Pension funds managers are third parties that can mismanage my funds and go bankrupt. If you were a layman and given a choice between the two retirement plans which will you choose?

Bitcoin pension would always be the best option as I believe reasons to that have being stated already. The depreciation of the local currency and economic influences would always have an effect on its value but a different case for Bitcoin DCA pension as the value of Bitcoin over the years has shown promising moves consistently and could do even more.

For me, I think the best plan would be the Bitcoin DCA pension on the long run.

[Coyster]

Pension funds managers are third parties that can mismanage my funds and go bankrupt. If you were a layman and given a choice between the two retirement plans which will you choose?

Pension funds administrators are licensed by the national pension commission (PENCOM), so dem no fit just mismanage pension funds of workers saved in their retirement savings account. The funds are also invested in low risk investments, so the chances of losing it is almost non-existent.

Saving your funds in bitcoin for retirement is great, you fit call am self-employed/custodial pension, but it does not replace employee based or government based pension. If you have a job, you go get your pension funds and you should also invest in bitcoin and hodl it for the long term. They are not mutually exclusive, so both are great.

[Joy- maker]

As for me I will prefer to store my money (lift time savings) in bitcoin,  because I see bitcoin as a  safe heaven for storing wealth,  bitcoin value will increase with time and you will make good profit from bitcoin . But pension fund is no no, because if you keep your money (life time savings) in pension fund no value will be added to it, let's assume the government is deducting 20k from your salary every month in 4 years your money will be 1 million plus no addition no substraction, but  if you keep your money in bitcoin you will make good profit within that 4 years interval, because bitcoin value will increase with time, it will no longer be in that value you bought it few years back, and the funny part of it that Presently  Naira has no value and the government is not willing to anything concerning that.

[Majestic-milf]

 The comparisons wey the Op bring up about Pension and Bitcoin funds dey very interesting to consider and I know say people still dey wey go prefer make their money dey for pension but one disadvantage with this pension matter of a thing nah, if the owner of the money pass on, the pension payment go stop, also, if the children of the person no come dey aware of the money, that one go enter government pocket but this no be the case with Bitcoin.
 Bitcoin nah good store of value and the volatility of it dey also serve as bonus because as e dey down, when e go climb back up, the price dey usually increase and also, nah too go get access to your keys and not the government holding for you.
 Personally, I feel say Bitcoin nah the best option to take when one dey consider retirement because the key to enjoying your hardwork go dey your hand.

[Grace333]

Honestly I will go with Bitcoin, and the reason is simple, pension funds are cool, but they are only as good as the system backing them. We have seen cases where people worked their whole lives and at the end of the day, inflation go eat up the value of their with or even governments mismanage those funds, some nor even Dey receive the pay at the right time.
But With Bitcoin, e Dey different, because it’s decentralized and nobody can tamper with your holdings. Yeah, e sha dey volatile in the short term, but if you look at it from a long term perspective, the growth and scarcity makes am dey better hedge against inflation than most pension funds can ever be. To me, go rather Dey with and trust an asset were dey solid like BTC than put all my retirement hopes in a system that depends on politics and promises…

[Princesslelee96]

For those of us that are knowledge about cryptocurrency we know that Bitcoin is a store of value. If you hodl for long term you will be getting investment returns in bull circles. Investors can do DCA method of accumulation till their retirement.

Pension funds are a pool of funds that are managed by trusted institutions for long term retirement plans. Most pension funds managers are recognized and regulated by government which gives them trust by fund owners. Fund owners will do DCA method of monthly payments or as agreed into the account of their trustfund until an agreed retirement age. The pension fund management will repay capital + profit at owners retirement because they are using funds in their custody for businesses.

During president Obasanjo's regime he made it mandatory for workers salaries to be deducted for pension plans. Today many workers are benefiting after retirement from their funds + profit returns. Also many Bitcoin holders on DCA method for many years are very rich today.

I prefer Bitcoin DCA retirement plan than pension DCA retirement plan. Bitcoin is decentralized and I have total control and privacy over my coins through my none custodial wallet. Pension funds managers are third parties that can mismanage my funds and go bankrupt. If you were a layman and given a choice between the two retirement plans which will you choose?

Honestly eh, pension is good oh but nothing exciting in it  apart from the fact that you can’t have access to it until after your retirement with the little interest and establish yourself with it, but it can never be compare to that of Bitcoin pension, imagine you leaving it for like 20-30years is really a huge plus up with all its values. But the ability to leave it till that long hmm go hard oh, consigning the access on it but I still choose Bitcoin pension regardless.

[Coyster]

but one disadvantage with this pension matter of a thing nah, if the owner of the money pass on, the pension payment go stop, also, if the children of the person no come dey aware of the money, that one go enter government pocket but this no be the case with Bitcoin.

Pension is not a payment, it is a contribution, that is why it is operated under the Contributory Pension Scheme. So basically employees contribute a certain percent of their monthly salary, and employers also contribute a certain percentage of the employees salary, these funds are then stored for the employee in their retirement savings account and managed by a licensed Pension Fund Administrator. So on that note, if one is deceased, they are no longer earning a salary or contributing to the scheme, so the next step is for their beneficiary to claim what they have contributed thus far, plus any interest.

That said, it is advised that employees write a will and in it include the name of the beneficiary to their pension funds, so it is easy to claim. But talking about inheriting funds, it is much harder to do so in a decentralized network like bitcoin than it is in any centralized system like pension funds.

[Somto9Light]

The comparisons wey the Op bring up about Pension and Bitcoin funds dey very interesting to consider and I know say people still dey wey go prefer make their money dey for pension but one disadvantage with this pension matter of a thing nah, if the owner of the money pass on, the pension payment go stop, also, if the children of the person no come dey aware of the money, that one go enter government pocket but this no be the case with Bitcoin.

Waiting you talk na true, if person die way be say him wife and children no know the source way the money dey from come na the government go claim am. And even when one chose to go for bitcoin if the person die too without giving him wife or children the access to his wallet e go still worry, but in all I think bitcoin is better for retirement because whether the person die or not him portfolio go still continue to they yield..

[Africolo]

~snip~

Pension is not a payment, it is a contribution, that is why it is operated under the Contributory Pension Scheme. So basically employees contribute a certain percent of their monthly salary, and employers also contribute a certain percentage of the employees salary, these funds are then stored for the employee in their retirement savings account and managed by a licensed Pension Fund Administrator. So on that note, if one is deceased, they are no longer earning a salary or contributing to the scheme, so the next step is for their beneficiary to claim what they have contributed thus far, plus any interest.

Majestic was right and you're wrong; what you just explained here is Gratuity which is a one time payment paid to retired or deceased civil servants as appreciation for service rendered.

While Pension is monthly payment of 50% of their last salary gross for those under contribution pension scheme (CPS). This one comes monthly as a basic salary and it comes as long as you're alive.

[Coyster]

Majestic was right and you're wrong; what you just explained here is Gratuity which is a one time payment paid to retired or deceased civil servants as appreciation for service rendered.

While Pension is monthly payment of 50% of their last salary gross for those under contribution pension scheme (CPS). This one comes monthly as a basic salary and it comes as long as you're alive.

What are you talking about bro. Where in my last post did i mention a "one time payment?" Did you even read my post?

As an employee in Nigeria, you contribute a part of your salary every month, that's why it is called a contributory payment scheme. What you are paid after retirement is what was contributed in your retirement savings account plus any interest. You can typically receive this payment either through programmed withdrawals or annuity. Where did you even get the idea that pension is a monthly payment of 50%, that could not be more wrong. In Nigeria, pension contribution is a minimum of 18% of the employees salary, divided thus: employee contributes 8% of their monthly remuneration, while employer contributes 10% of the employees remuneration. Please get your facts right, so i don't have to repeat myself like i just did.

[Yorubek]

I prefer Bitcoin DCA retirement plan than pension DCA retirement plan. Bitcoin is decentralized and I have total control and privacy over my coins through my none custodial wallet. Pension funds managers are third parties that can mismanage my funds and go bankrupt. If you were a layman and given a choice between the two retirement plans which will you choose?

I like bitcoin pension funds because by gradually saving small amounts of bitcoin, long-term profits can be obtained and the amount is built into a reliable asset for the future. Investing through DCA is much easier because you do not need to invest a lot of money at once, which completely reduces the possibility of excessive financial pressure on yourself, by investing a certain amount of money gradually and holding it for the long term, you can protect yourself from inflation in the future and the possibility of making a lot of money can double.

[Majestic-milf]

Pension is not a payment, it is a contribution, that is why it is operated under the Contributory Pension Scheme. So basically employees contribute a certain percent of their monthly salary, and employers also contribute a certain percentage of the employees salary, these funds are then stored for the employee in their retirement savings account and managed by a licensed Pension Fund Administrator.

So wetin you dey try tell me be say as nah contribution each worker do during their time of receiving salary, when them retire person no go fit regard am as payment? This pension of a thing dey two types; the one you go receive in a lump sum or the one you go dey receive monthly depending on the payment plan you choose in the Contributory Pension Scheme, all nah to ensure say those workers wey don retire fit get something.

So on that note, if one is deceased, they are no longer earning a salary or contributing to the scheme, so the next step is for their beneficiary to claim what they have contributed thus far, plus any interest.

Nah the same thing we dey talk. Once the recipient die, definitely the payment go stop and once that kind thing happen e mean say the all the contributions go halt and if there bin get particular amount wey dem suppose dey pay as monthly alawee, e go stop because the person is no more.

[Roseline492]

Honestly eh, pension is good oh but nothing exciting in it  apart from the fact that you can’t have access to it until after your retirement with the little interest and establish yourself with it, but it can never be compare to that of Bitcoin pension, imagine you leaving it for like 20-30years is really a huge plus up with all its values. But the ability to leave it till that long hmm go hard oh, consigning the access on it but I still choose Bitcoin pension regardless.

Pension was never for the purpose of someone receiving it when they were still working, I don't no why some persons do not regard pension that much but is actually solving a lot of problems for persons who is privileged to be a pensioner, actually I think whoever that introduce it deserves an award and this pension is like someone who has been saving money against the time they will get old so that they will have the money that will be sustaining them because through this money a lot of people were able to set up a profitable source, is unfortunate that only the government workers are only giving the opportunity of pension if not I would have wanted it to be a parallel something.

[Juicyhome]

Honestly eh, pension is good oh but nothing exciting in it  apart from the fact that you can’t have access to it until after your retirement with the little interest and establish yourself with it, but it can never be compare to that of Bitcoin pension, imagine you leaving it for like 20-30years is really a huge plus up with all its values. But the ability to leave it till that long hmm go hard oh, consigning the access on it but I still choose Bitcoin pension regardless.

In Nigeria today, many staff died without having access to their pension. The process of getting your pension is so rigid, the corruption in the pension sector is so much, you have bribe staff in the pension board to get your pension.  I haven't been able to get my dad's pension till date, have submitted all documents to the ministry, yet nothing is paid to me, it's soon stressful.

I'll recommend Bitcoin pension, it's very much easier and accessible at all times. If only you can leave it for 35years, you will be more Richer than your colleagues. Because Bitcoin price is increasing everyday, Bitcoin pension is the best.