Care to explain how a 401k a scam? Id also like to khow how you reached 10m, a number that is 5-10x more than what is commonly suggested
Comment on Poll: 61% of young adults confess they are not saving for retirement
RGB3x3@lemmy.world 5 months ago
If my company weren’t offering 10% matching on my 401k, I wouldn’t be using a 401k. That shit is a scam. And by the time I have to retire, I’m going to need almost $10 million to live the extra years that medicine will allow me to live.
I don’t know where the fuck $10 million is going to come from. My best hope is to have a house paid off by then so that I don’t have a mortgage when I’m 80.
Lowpast@lemmy.world 5 months ago
NeptuneOrbit@lemmy.world 5 months ago
Stock goes up
But no really, real estate and the stock market are supposed to drive wealth, but it’s just a big casino.
RememberTheApollo_@lemmy.world 5 months ago
Where did you get 10 million from?
eskimofry@lemmy.world 5 months ago
Probably calculator
WalrusDragonOnABike@reddthat.com 5 months ago
Unless you think you need $200k/year to survive or you plan to retire in like 90 years, $10million seems like a pretty high estimate. Also, how long you live shouldn’t really be relevant.