Gambling Retirement Plan

[criptoevangelista]

Let me see if I understood you correctly. You consider gambling to be something like a profession, where a person has a period of productivity and then gradually declines until the point of retirement, leaving room for younger people to take over that role. That’s how I understood what you meant. Is that right?

Because in my view, gambling has nothing to do with a profession. Gambling is about winning money, losing money, trying your luck, an all or nothing situation. It has nothing to do with a profession. I even think that if you consider it a profession, it becomes very risky to imagine retiring from it, because people usually retire when they have some savings or have built some wealth over the years. It is possible that if someone gets very lucky in gambling and accumulates money, it could be seen that way. But considering it a profession feels a bit strange to me, so to speak.

[len01]

Regarding retirement from gambling, from my perspective, there are several factors, including the following,

Gambling addicts. Gambling addicts will only retire when they have lost all their savings and valuables, or they will retire only when they die.

Regular gamblers. Regular gamblers usually retire from gambling when they find other interesting activities, or when they realize that gambling is just a waste of money and prefer to save it instead.

So, retiring from gambling is influenced by different motivations. If someone is a regular gambler, they might be able to plan when to quit. But for gambling addicts, it’s much more difficult.

[BitMaxz]

I don't think gambling is for younger generations; it's supposed to be used only for your own enjoyment or entertainment.
Gambling is not a job, but most adults gamble for fun. Like others said here, their job retirement and some of their money are used for gambling as a pastime and enjoyment.
Anyone can quit if they get no good result in gambling, but the problem is gambling is already part of our lives; we should have a limit that doesn't affect our finances. It shouldn't be for the younger generation because they are building themselves for success because gambling is destruction; if you become addicted, you can make gambling part of success if you can control yourself.

[Kelvinid]

There is no gambling retirement plan, retiring can only be possible if you have no means to gamble, or your heart has already stop beating.

Let's be honest, gambling is not for everyone. Those people who have been struggling already for survival should not mix their life with gambling, that will only ruin what's are left to ruin. But people are just hard-headed and greedy, they want instant in their lives, and expect that gambling could end their poverty.

Gambling is not even a job, nor a lifetime job, so retirement is not applicable. People just stop gambling when they can no longer afford to.

[laspol65]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

There are many people who gamble here, from young to old. Although there is a specific age limit for gambling, there is never a specific time to stop gambling. Because every person gambles for the sake of pleasure, most of them are middle-aged people. But among them, there are some who gamble for the sake of pleasure. And they have been gambling responsibly for a long time and enjoy gambling, they spend a long time gambling to overcome their busy time and loneliness. Basically, the strategy of the gambling owners is because they want more people to gamble and it is profitable for them, so they do not set up a specific time to retire from gambling.

[suzanne5223]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

Despite all the vast questions and topics discussed about gambling, we barely see gamblers asking questions about gambling retirement because gambling isn't a normal job. That's why we still see mature men and women between the ages of 50 and 70 years old still playing slots, or at poker tables

Most people who have retired from gambling at 20s-50s have done so due to an addiction or a worse lifestyle.

You have said it already that gamblers should have " a personal commitment at a certain age of when to hand over the gambling activities to the younger generations. " But, I believe if a gambler does have a plan to retire, the smart age should be late 40s to 70s.

[Cantsay]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

Which should we follow? Should be take gambling as a job or just as a means of entertainment?

Today it’s “gambling should be for fun” tomorrow, make sure you go to your gambling account with the mindset of making money. So which should we follow?

I asked the above questions because this post clearly hit an aspect which is related to not even gambling for monetary purposes but rather to take gambling as a job. I don’t know about others but gambling and retirement plans shouldn’t be used in the same sentence.

[kawetsriyanto]

I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.

I also think the same way. There should be the time for retirement in gambling as well. However, it will depend on the mindset of the individual. There are also people who assume to keep playing gambling forever because it isn't like a hard work. And they mostly do it for entertainment, too. So, why don't keep gambling because it is also a part of getting entertainment. But I think differently, even if I do it for entertainment, it also spends money. There are other kinds of entertainment that are more friendly for old people.

I personally never think to let the young generation in my family to continue gambling habit. I prefer to let them to choose other things that can ensure their future better. So, I never introduce them gambling or the like.

Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

Is it possible to set a target in gambling? It isn't the same as our daily work/job. We may only can set a target about how long we will be involved in gambling. But we can't set a a target about how much we earn money from gambling.

[OgNasty]

The absurdity of a retirement plan focused on gambling aside, a gambler could benefit from having a plan in retirement. If you want to gamble later in life, you should make an effort to save now. Even if you can only contribute small amounts. It adds up over time.

[Dave1]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

May I asked if you have been in a land-base casinos? Because I will tell you that there are a lot of senior citizens that I have seeing for many years playing in traditional casinos in wheelchair and have aids or a relative pushing them around in order for them to play.

So on the contrary, I don't think that there is such thing as gambling retirement plan for them. Maybe they have given their love once some inheritance already or everything has been set up and as soon as they die, no need for his relatives or love ones to squabble.

And that is their retirement plans perhaps, to enjoy the remaining days of their lives by gambling the money that they have build. At least entertain themselves and again, make the most of their lives.

[coinrifft]

I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.

I really don't understand this. You mean to say that at certain point, we will say to our children, kid it's your time now to become a gambler, I'll passing you the torch.

Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

This is very wrong mindset to begin with. Gambling is not a job that you can rely to make a living. Unless you won the lottery, then maybe you can retire for good. And as per definiton:

The process of creating a retirement plan includes identifying your income sources, adding up your expenses, putting a savings plan into effect, and managing your assets. By estimating your future cash flows, you can judge whether your retirement income goal is realistic.

https://www.investopedia.com/terms/r/retirement-planning.asp

That is not the definition of gambling.

[bitbollo]

how many days/hours/weeks/years have you been assorted in this activity?
retiring from gambling sounds like an oxymoron. are you sure people can earn enough to "stop to gamble" or they can use gambling as saving money?
take it easy. there are just few chances that allow people to win and maximize winnings.
you are gambling for fun and for beer money. just few people are able to grow and to conitnue to grow a career with gambling.

[Sandra_hakeem]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.

If you had to make an analogy about retirement plans in gambling as compared to workers in the civil services, then you have a screwed up visualization of what gambling should rather be treated as. For the emboldened part, they don't need to retire themselves to create up space for the younger ones (like what a typical Secretariat would do). There's enough spot for everyone!

I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.

That's a personal decision to make.

Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

You wish this were possible, so does everyone else.

[Julien_Olynpic]

It's amusing to think that gambling can have a retirement period. But I would argue that in any activity, there are natural periods of diminished interest. A period of diminished interest can easily be followed by a period of increased interest and inspiration, for example, through occasional wins. However, occasional losses, especially large ones, are demotivating and force one to engage in philosophical reflection.

[Samlucky O]

Every sphere of work has a certain number of Year in service.  Even Entrepreneurs have a certain age they plan.to work and hand over to their children or any of their predecessor at old Age.
I've seen quite a number of post asking the different times and hours that people gamble with, when yo gamble and when not to gamble amongst other post but it seems gamblers donot have any plan to retire from the gambling activities and hand over to the younger ones.
I think gambling should also have a retirement period. Not a specific age like the government works but like a personal commitment at a certain age. To hand over the gambling activities to the younger generations.
Maybe before that time you as an individual can have a target and work towards achieving it then you take that as a retirement benefit from all your Years of gambling.

First and foremost Gambling is not a government work neither can it be inherited by the younger ones. Gambling shouldn't Be treated as a business or even have anything related to passing to the younger generation as inheritance. A Gambler may retire from gambling when they reach a certain age, but it seems to me like Gambler don't want to retire. They want to keep gambling till they have no more strength to walk. The Truth is that gambling can never be treated as government work because it has no connection to government work, or it doesn't have what it takes to be treated as such. Gamblers are often seen as losers so tell me what will be Left to inherit from retired gambler than poverty. And no one is ready to inherit addiction and poverty plus dippresion.

[mindrust]

We need gambler’s union and gambler’s social security system to make this work imo. Right now your idea is a bit half assed. Gamblers work hours indeed matter. I am not denying that. We spent hundreds of hours and money playing at the casinos. What do we get in return? Nutthin. The government should take a look at that. That’s lost work hours. If we can manage to get together and start a group on facebook, maybe then we can contact the supreme court and take back what is ours. Our retirement. But first, we need to numbers.

[Peanutswar]

I guess possible other people will confuse if they just read the title itself without reading the context they might confuse. Well there is always an end on everything if you already enjoy the fullest of your life in playing gambling you must need to ended up and shift into other things that could not stress you and to your money of course once we are getting older we are now having a different responsibility in life but well its different if you miss the old times of course.

[Text]

for me it’s not something that can really be handed over to the younger generation like a business or career, it’s more of a personal choice & form of entertainment. Having limits & a clear plan is important, instead of a retirement age I think it’s healthier for gamblers to set personal boundaries like a budget, time limits & a clear goal for when to stop if it’s no longer fun or if it starts affecting finances or well being.

[Makus]

one major reason why most people don't plan to retire from gambling is because it's not something they take as a source of income, rhey only have fun with the game and nothing more, so this is why they don't really see in any point in retiring. Just like other every other way to get entertained gambling is also one of them, if it is a way they get entertained then there is no point retiring. I think people that should retire from gambling probably when they get old are those that gamble consistently to make profit because such gamblers lose more

[maydna]

You can retiring from gambling anytime you want. The problem is do you want to stop gambling or not? If you really serious, you will stop this time, this hour and not gamble at all.

Gambling is not a job so that doesn't have retirement period. You decide when you must stop so no retirement period, just stop and that's it.

Even if you have retirement plan, you will difficult to achieve your goals in gambling. You also difficult to make money from gambling but you will have a chance to lose anytime.