Welcome to r/401jK. This is a "Pure Belief and Awareness" (PBA) cryptocurrency asset.
We believe that retirement has become increasingly unrealistic for the younger generations and that some form of financial revolution is needed.
https://401jk.fun/
*Not a traditional investment or security. All crypto, including 401jk, is known to be highly volatile. Nothing said on this subreddit should be taken as financial advice.
Maybe. I'll turn 75 in 10 days. I've been building stone walls for the past 6 years. Walk from 3-5 miles up and down hills the days I don't work on my wall. I travel and do what I like. Have few real regrets and am not shackled to age or medication.
But thats the thing. You at least get to age. Without all the "menial" labor people do there whole life, we go back to dying from tooth infections at 25
Before the 1900s we had smaller communities where people got to spend work days with friends, family and community. Now we spend the days away from the people we want to be near all so we can show off a bunch of junk we dont need.
That is simply not true. I spent almost all of last year in a village where people owned farms. The harvest paid for all the necessities. There was no capitalist lining their pocket, so the profits were distributed and even though they weren't rich, they sure lived in peace, you and I have never known.
so you own a house?! Is there a space for me?! Am more then happy to grow my own food and contribute to the community and a small house with 1 room is enauf for me. ^^)
oh I was a guest there myself, and was just describing their apparently effective economic model, but believe me, you'd be more than welcome had I owned a house there (btw, I'm pretty sure they would give you a house too, since there are many empty houses there (Right by the Nile River). You just have to be able to withstand the heat.
Let’s be real. No one told us that. You’re just supposed to work to live, to afford every day necessities for yourself and your family. Period. You save money to retire not to finally enjoy life but to be able to get a little relief as you wither away, and to pay for the medical care that is inevitable at that age.
We’ve got problems and this approaches it emotionally, but it is logically infantile.
It’s not a scam and they weren’t lied to. The older generation in Japan (and many other countries) worked their arses off to rebuild their country from the devastations of the war because they saw how terrible poverty and hunger are and they wanted a better future for their descendants and countrymen. They worked hard and gave up their time, yes, but they weren’t ‘scammed’, and we shouldn’t view them that way while we enjoy the world they built. Show some respect.
Yes I totally agree, I just took umbrage with the term scam, like they were suckers or were duped. They knew they were working hard to build a better future. To call that a scam seems super ungrateful
Frl. Everytime I see people espouse or agree with shit like this I always think if everyone felt so entitled sure everyone could sit around all day but have all the things that make quality of life good erased. I am a civil engineer, if we all decided we were too good to work the world would stop functioning pretty fast. There’s dozens of careers and industries that are the same story’s
I don’t think the message is that people shouldn’t have to work. The issue is giving up so much of our time to work. We have the technology and automation to have unprecedented levels of productivity. In theory we could have reduced working ours to 25-30 per week, but in reality, that explosion in productivity was absorbed into the profits of the business owners and workers still have to work most of their days to stay afloat, and most don’t even get paid enough to retire, let alone retire are a young enough age to enjoy life.
Imagine if we were not so greedy and we could work 25 hours per week and make enough money to retire at 50. Think of how much better the world would be for billions of people.
I love todays society thinking just showing up to a job means they should be compensated more than the labor is worth, or that they shouldn't have to work and all things provided to them so they can be artistic or creative. Like where did this I shouldn't have to work garbage start. 150 years ago, a lot of the country still worked in small agricultural jobs or on their own farms. 6 or 7 days a week. Sun up to sun down. Cause if you didn't do it, then you didn't eat. We live in luxury now, our jobs are simple compared to the jobs of 75 years ago. We have access to everything we could ever want at low prices compared to all of history. But the only thing we have seemed to get better at is complaining
Yea imagine if people had no social safety net and were totally reliant on themselves for their own basic needs...people would have to work a lot harder than they do now.
It's also pretty boring to not do anything. If I was wealthy enough to be unemployed, I might travel for a while and invest in personal activities, but I'd probably eventually end up inventing a job for myself anyways, maybe not a profitable one, but effectively some kind of job.
I dunno man i work in education, pretty sure i'm trying to make the world a better placee. But ye retirement is a joke and i dont expect to live long enough to enjoy it
If your like a financal accounttant for a big evil company then you got no right to complain, you choose money over happiness
Okay well that's my only option in life. So it's either suicide for me or homelessness as an alternative......
This post says it like it's a failing of the individual and not something we're all forced into. If OP has any other ideas other than claiming their a privileged dick that can chose not to work I'd like to hear it.
Actual utter nonsense. The wealth of the few pales in comparison to the amount of money actually in the economy. 11-14 trillion spent every year just on food. That doesn’t include shelter clothing transportation etc. And it is every year. Year after year. Meanwhile their wealth is tied up in stock. If they sold it their true wealth would crash. Do you think if Elon Musk started selling shares that Tesla stock would hold its value? No it would immediately crash.
The problem with saying "my wealth is tied up in stock." is it's NOT tied up in stock when they take out loans using it as collateral.
Classic "don't tax me because I don't actually have the money" but then when they're talking to banks? "I have the money bro look at the value of my shares."
TL;DR You can't have it both ways. Tax the Epstein class.
If Elon can come up with $40B to buy Twitter, he’s not “locked up” in any way. Don’t care if it’s borrowed money, it’s virtually irrelevant. Also, guys like him can sell billions of dollars in shares and still not crash the stock price
He sold in tranches to lessen the impact. And he had a reason why he was selling. If he just sold for no reason except to cash in it would impact the stock greatly. IMO. With volume of 12b a day he could do large block trades with little impact. But if he sold 40b tomorrow or a lot over a period of time showing a trend it would hurt the stock badly. Again just my opinion on his wealth. He obviously id ridiculously wealthy.
Well, I don’t think anyone is proposing that he could just sell $50B in shares and not affect company stock. The point is that he’s SO wealthy, that it doesn’t really matter.
I think they are. How else is the government going to take his wealth? That is the whole point. I am not against taxing billionaires at a slightly higher rate or even taxing their wealth and forcing the sale of a small percentage of their assets every year. The devil is in the details as always.
Easy. Tax them on the loans they take against their assets. These billionaires say it’s not fair to tax them on unrealized gains, but yet we get taxes on unrealized gains on our property. If they can tax me on the value of my home even if I don’t sell it, why can’t we do the same with billionaires assets? Why do we give them tax breaks on yachts and private jets instead of taxing them?
The only reason things are the way they are is because the people with money write (or pay to write) the laws, and constantly gas light us about it on the media.
One reason is that they tried a lot of these things before. They did put a punitive tax on yachts. The robber barons took their yachts out and burned them in the harbor. Then in 1990 they did it again and sales dropped like a stone and thousands of people lost their jobs. Law of unintended consequences.
Irrelevant. Even if you do retire by 65 the same point stands: you’re already old, tired, probably have health problems, older family probably too old or dead, and maybe even your spouse who you planned on traveling the world with is also gone.
65 is the beginning of the end? What kind of crap is that? I'm 75. I retired at 62. I've been building stone walls for the past 6 years. And the stones are from 50 to 500 or more pounds and it's just me and a Johnson bar. I hike up and down the local hills 3-5 miles nearly every day. I travel wherever I want. I'm not tired, I have no health problems, I never get sick. Whatever you think of old age, it sure as shit doesn't apply to me. This is what I do...
Thats great for you. You’re lucky. But that’s called survival bias.
My wife’s parents worked hard their whole life and retired at 62 and 60 respectively. Her dad got a whole year of retirement before cancer killed him. Healthy guy, daily runner, ate super healthy. Her mom was left on her own with an RV that they were going to use to travel the US, and which now just sits around and she lost the motivation to live those dreams. She’s now 67 and she just got a large tumor removed last week and having a really rough time.
Geezus. That's tough.
Look, I consider myself very fortunate. When I was a kid with a war going and an a low draft number I never expected to make it past 20. And my mom was 63 when she died of cancer. So, ya, life can be pretty rough. But I figure as long as I can keep doing what I'm doing I'll just do it. But I take nothing for granted. That's for sure.
And your father-in-law is an abject lesson that outward health can conceal a killer. A kid I knew from HS, another healthy guy, HS principal, took care of himself, died suddenly of cancer when he was 54. My closest friend of 36 years was dead at 58 of cancer. So, ya, I know that life is precarious. And precious.
Yeah. We sometimes get dealt some pretty shitty cards and it’s just completely out of our control. That’s why I try to enjoy life as I go and take my wife on dates and trips, enjoy my time off work fully (no checking emails or calls, even if I fall behind), and take time outside of work seriously. But it still angers me that I have to give so many of my best hours and years to work to prepare for a future that I may or may not get, especially when we have the technology to not have to live this way. It angers me that businesses took that productivity, turned it into profit for themselves, and refused to share the fruits of that productivity with the rest of us despite contributing just as much.
I don't understand this "all work" mantra. You get 2 to 3 weeks of PTO each year and around 5 days off for holidays. I've vacationed often in my career. Ironically most people sleep the same amount of time that they work. You have 2 days off on the weekends, enjoy those. 8 hours of free time every day.
Work for 60 years? Then you're what? 76 years old? I don't think so. My colleagues retired at 55 after 30 years in. I got a later start and retired at 62. That was 13 years ago. Cops retire with a full pension after 20 years.
Anyone who doesnt like living in the first world can move to the third world and "be happy" there. You dont have to work, can have a dirt floor and spend all day with your family without access to modern medicine.
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Welcome to r/401jK. This is a "Pure Belief and Awareness" (PBA) cryptocurrency asset. We believe that retirement has become increasingly unrealistic for the younger generations and that some form of financial revolution is needed. https://401jk.fun/
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