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ryathal@sh.itjust.works 5 months agoIt’s more nobody wants to actually save money. Pension funds were massively underfunded, people didn’t self fund with ira/401k.
Comment on [deleted]
ryathal@sh.itjust.works 5 months agoIt’s more nobody wants to actually save money. Pension funds were massively underfunded, people didn’t self fund with ira/401k.
Chapelgentry@lemmynsfw.com 5 months ago
Yeah, I don’t think it’s that. I agree people don’t save, and I’m sure there are a myriad of reasons for that, from bills to bad financial planning, but largely saving for retirement is a lost cause. I’ve put 15% in my retirement account since I was 19 and am projected to be short in retirement because the market average return is so close to inflation that my money won’t appreciate significantly enough to retire. Additionally, if I wanted the returns needed to make money on my retirement account I would need to invest in a disproportionate amount in high risk stocks, which isn’t sustainable.
I’ve resigned myself to working until I die with my retirement going to fund my childrens’ 401ks.