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Showerthoughts_Mod t1_j22dyl7 wrote

This is a friendly reminder to read our rules.

Remember, /r/Showerthoughts is for showerthoughts, not "thoughts had in the shower!"

(For an explanation of what a "showerthought" is, please read this page.)

Rule-breaking posts may result in bans.

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kingofzdom t1_j22gc79 wrote

Not putting money in a retirement account is gambling that I can invest that money better than a bank.

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PromisingHare t1_j22m6jz wrote

I was literally talking today to my brother about how we need to get investing in our retirement funds.

You're in my head lol

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Gedadahear t1_j22smn6 wrote

Lets say someone started working in 60’s, avarage wage was $4000 a year. Works for 50 years. Avarage wage in 2010 was $40k a year. When in the 60’s, that money that went towards pension wouldve been more useful to use in the 60’s than to save for 2010’s where the money has depreciated 10 fold. All those years of pension accumulated would barely cover 20 years of expenses with an ever increasing cost of living. So whats the fucking point? State pensions are there regardless of how much u put in.

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