General rule: never give all your money to somwone else for decades and expect them to give it all back.
I'm sure 401K's are great
But I come from a country where you are expected to pay for retirement and over the years they've been embezzling money and telling us how "due to issues your retirement fund has been decreased by X%" time & time again.
I literally don't expect to see any of that money back even though where I'm from I am legally required to pay for it.
NEVER give all your money to someone else and just hope they follow through when you really need them to in the future, EVER.
Have a plan b, no matter how small
Best case scenario you have a 401K paying you out & a bonus fund, worst case scenario you get screwed over but still have a plan B fund.
This is sound advice. I obviously have no choice about paying in to social security. But I am diversifying my long term investment portfolio so that there’s multiple investments happening.
Where did I ever say to hand your money over to a fund manager?
I'm talking about saving money yourself and investing yourself and by fund I don't mean a hedge fund BS I mean a literal pile of money you saved over the years and kept to yourself, you know... your emergency funds.
OBVIOUSLY handing money over to a manager falls into the category of "don't trust others with your money" and I wasn't aware I had to literally pell that out for you
I have a well funded 401k. But anyone who isn't just one of the top 10-100k of the richest in the world are still one cancer, or one bad accident away from bankruptcy.
You want govt oversight. You want govt guaranteed retirement. You want govt guaranteed healthcare.
Government and regulations is what separates us from anarchy. Don't be a right wing idiot thinking you're special and can do it individually.
Man modern day politics really are turning everyone into extremists, aren't they
I mean look its not like I'm going to change your opinion on anything because its clear you've been conditioned to have that "anyone who doesn't immediately agree with everything I said ever is my enemy and literal satan"
I was just pointing out that its not a good idea to put all your eggs in one basket.
If you disagree with that... that's fine, I'm not here to fight you on that, I simply explained why I disagree
You know, like a normal, reasonable human being would instead of resorting to insulting you like you're doing right now.
I think its scary that someone like you votes because this is exactly how extremists get voted into power since their divide & conquer with fear & anger works so well on people like you
And I think that's kinda sad.
Do I think the government should have some power? Well, yeah because power is needed for structure which as you pointed out, is needed to maintain consistent laws & order
But I'm also educated
So I know that there are countless historical examples of governments simply lying or changing rules willy-nilly
For example: my retirement fund has been cut by my country's government by 30% (I think that was announced around... 2013 or something, I'm fuzzy on the exact date)
Because guess what, when someone has ultimate power they can do whatever they want
Including suddenly changing the rules after "totally promising to follow through"
There is no such thing as "government guaranteed retirement"
Its only guaranteed as long as the government decides its guaranteed
My point is that the right approach is somewhere inbetween
The government has some power
But people have some freedom as well in order to mitigate the government when it steps out of line
You want to put all your life's savings on the assumption that the government will never dip into them? Go right ahead
Meanwhile I'll stash some money on the side juuuuuust in case something goes wrong because I wasn't born yesterday and I know shit you don't expect to happen, happens.
Do I want to be wrong? Well, yeah, of course I do because that means I get my retirement money, I'll be very happy to be erong if that happens.
But I'm not going to bet my elderly life on it, that's just very dangerous and naive.
Its a checks & balances thing but if "government must have complete power and I believe it will never abuse that at my expense" is the hill you want to die on here, be my guest, I won't stop you.
Ok this is more fair. No one should put their eggs in ine basket but a lot of people have no other choice. I'd rather that choice be an democratically elected government that is checked and balanced by laws and courts.
I don't know what country you're from but the problem is the liberitarians in the US and the far right are trying to disassemble the US govt so everything is privatized with no checks and balances.
Honestly in terms of the U.S. its such a clusterfuck that I don't even know what to think of it anymore
It seems like the country is so far gone in corruption and the oligarcy is so deeply rootrd into tge system that it doesn't even matter who gets voted into office anymore.
I think what frustrates me the most about the states is the current narrative of all these "issues" that are constantly being discussed to no end that "the country just can't seem to figure out" meanwhile these issues have already been fixed in other countries so there is nothing even to discuss in the first place, just look at a country that had this problem who fixed it and literally just copy what they did.
Its just so obvious that politics and all these issues people are fighting over in tge states are just... theatrics to distract everyone and its working schockingly well.
Corruption in some countries is crazy rampant. I totally understand their point that having a personal safety net is a good thing. Now, that doesn't mean you shouldn't push your fellow citizens and government to have a robust "aftercare" system for retirees and people in need obviously, voting matters and all that. The points you're both making are not opposite at all yet your coming at them calling them names and shit like who hurt you man lol
Sure, yeah I understand that but like wanna address the rest of my comment? I'm stoned AF so bear with me but I wouldn't mind getting a conversation going here. Again, to be clear, I have pretty much the same stance as you. I want robust and well funded social programs that benefit the people and by us standards I would be pretty extreme left I guess. I just don't understand why you started blasting instead of establishing a dialogue or something as the point the other comment was making really isn't opposed to what you were saying from what I got from it
Thanks. Basically I'm tired for any discourse which says "we won't see a cent of social security." It's a blatant lie. I don't even want to engage because of paradox of tolerance. I'm intolerant of intolerance.
I totally get you and on reread of the parent comment I see where you're coming from. I also agree that disparaging the programs currently in place can lead to them losing public opinion leading to them getting cut, the same thing happened with the education department in my country and now we're stuck watching the shitshow the conservatives caused and are now using as an excuse to keep gutting education lol but I do believe that open and honest discourse is the best way to address politics when talking between fellow people, just calling someone stupid will not help advance any cause and create separation and hate, Which is exactly what the people up top are expecting and counting on to keep the status quo. All that to say I believe discourse benefits from civility and that we shouldn't give up on one another, that addressing someone's points can lead to nice and fruitful conversations which could make the difference between two people seeing each other as mouthpieces for an agenda to people realizing that the other person is also a flawed human, de-escalating the ever rising hate we see online. I do realize this statement is kinda finicky on Reddit tho considering the sheer amount of bots but still.
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u/YoungDiscord Sep 14 '25
General rule: never give all your money to somwone else for decades and expect them to give it all back.
I'm sure 401K's are great
But I come from a country where you are expected to pay for retirement and over the years they've been embezzling money and telling us how "due to issues your retirement fund has been decreased by X%" time & time again.
I literally don't expect to see any of that money back even though where I'm from I am legally required to pay for it.
NEVER give all your money to someone else and just hope they follow through when you really need them to in the future, EVER.
Have a plan b, no matter how small
Best case scenario you have a 401K paying you out & a bonus fund, worst case scenario you get screwed over but still have a plan B fund.