I will have to cut down on costs but I won't be poor, so yes.
this post was submitted on 14 Nov 2024
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I'll be surprised if I make it to retirement age, but if I do, lol no.
Yep. My wife and I are in our thirties and have good whole life insurance policies that will supplement our retirement accounts nicely in our old age. I’ve been paying into mine for almost two decades (maybe longer, my parents started it for me and locked in good rates when I was young), my wife’s is newer. We also both have matching retirement accounts and are making sure we hit our matching totals each paycheck to draw as much from our employers as we can.
It’s not ideal, but with good planning (and stable income) you can still do well. Now, stable income is the important part. I’m a software developer, my wife works for a non-profit, so my income is generally a bit more stable than hers.
I recommend finding a financial advisor. Our life insurance guy is great and because he gets commission on the life insurance plans he doesn’t charge us for advisory services (and also doesn’t try to sell us on other stuff, he actually recommended we NOT move our old 401ks from other jobs over to him because we’d end up paying him more than we’d make, he recommended we roll them into our current employer plans).
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I'm barely into my 30's so it's far too early to say what I'll be doing. I aim to be debt free within 10 years and have no major life goals after that. Another 10 years and pension should cover my living costs 1:1, so monetarily I should be fine.
Yep, pretty much the game I played. You're doing it right.
Yup, sometime in the next year or two I'll get laid off, then I'll just mooch off my spouse.
If I ever get off my ass and actually make all these games, maybe. If the ideas are as good as I hope they are.
I'm lucky enough to be a state employee so I'll still have OPERS when Social Security is annihilated next year, but I'm not sure that'll be enough.
Intentional heroin overdose.
Nope
Depends. What does retiring mean? Does it count if society collapses and i go live in the woods?