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/biz/ - Business & Finance

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16412538 No.16412538 [Reply] [Original]

If the global economy is getting worse and cost of living is getting harder

Why does my retirement fund keep increasing year on year for the last 40 years aside from the year 2000 and year 2008? Even with the 2000 dot com bubble and 2008 GFC the fund is still averaged 10% annual interest return over 40 years.

This is also a tax free account. What kind of investment gives you 10% per year that is 100% tax free?

Is this how Jews build wealth in the families over the generations?

>> No.16412547

>>16412538
>Is this how Jews build wealth in the families over the generations?

the goyim know!

>> No.16412550

so, that is where all the money goes?

>> No.16412572

Sure does sound too big to fail. Also sucks that you can only use that money in old age instead of investing in start ups or yourself while you're young.

>> No.16412589

>>16412550
I’m on autismbux and live with my parents, I get about $1700 per month.

I put $1000 in a retirement account every month. So i am getting retirement returns as if I was on a $120,000 job.

Have to do this because they don’t let you save money, but they dont count money sent to Superannuation account as your assets because it’s tax free and not considered as something they assess.

>> No.16412595

Time is money. You are paying for that appreciation with time, as you are quite literally getting closer and closer to your death.

While others spend everything they can and contribute to the system that creates this appreciation.

>> No.16412643

>>16412595
My biggest fear is not being dead

My biggest fear is being an old person with no nest egg.

Nothing worse than being 65 and having no money, and then living till 95 with no money.

Who cares if you’re old I know it doesn’t matter. I just don’t want to be 60s,70s,80s with no money because I didn’t bother with a retirement fund. It is easy enough to put some aside for then.

I see old people who didn’t save for retirement and they live on rabbit food. I want to be able to buy meat and vegetables when I’m old and not have to worry about if I can afford it.

>> No.16412654

>>16412643

I'm on the same path anon, I wasn't criticizing it, just pointing out that it isn't a literal free lunch, even if it is the most pragmatic way to go about life. You should be aiming to invest 30% of your income mid-career to set yourself up for comfort in your later years and leave something for your children. The people who blow their whole paycheck are short sighted fools and the reason why a mess like social security had to be introduced in the first place.

>> No.16412671

>>16412654
If everyone assumes there is a safety net, they have no incentive to change their ways. The moral thing is to let them starve in the streets without dragging the winners who know better down with them.
Thank goodness we have Bitcoin to help us breakaway from the failures.

>> No.16412676

>>16412671
This guy probably whines about jews

>> No.16412690

>>16412671

I would prefer for SS to be reformed into an opt-out system where you can choose to manage your own fund with those contributions, rather than letting some bureaucracy mismanage it, even if the contributions are still compulsory

That way the idiots can have their hand held while the pragmatic can maximize their ROI potential

>> No.16412691

>>16412538
pic not related, according to your post