Recent comments in /f/UpliftingNews

xybet t1_j3qlgso wrote

Yeah.. I invest some money monthly as well to diversified funds, so I guess that could be comparable to 401k, but investment is.. voluntary investment... it's not forced tax deductible.

Pension as set up here would be if you paid x% more taxes in to a shared saving account run by government, with government stating when and how much you can have it, and paying off other peoples benefits as well from it..

Current age diversifying is punishing for younger people, as so many old people reclaim pension but younger peoples solvency is not high enough, which means the young folks will be working more and longer to be eligible for the same pension earlier generations had with less work.. so in that sense, personal investment based pension would at least be "fair to all", allthough leaving people who didn't invest hanging for dry..

Real estate is a bitch here atm for investing đŸ˜…

3

dani6465 t1_j3ql1rc wrote

>We should be ashamed as a nation when our senior citizens are forced to continue working to make ends meet. European, Scandinavian countries, and others with less wealth make sure that adequate funds are available for their seniors to live a comfortable retirement that they earned.

That's such a lie. In Scandinavia, specifically Denmark, they push the retirement age further out to finance a huge deficit, and without savings, you will live poor on retirement benefits.

In 40 years the retirement pool will be even larger compared to the working class. it will only get worse from here. I cant even fathom working for 50 years without savings or real estate to live off dividends.

7

AdministrativeWar594 t1_j3qkbdn wrote

Saving and investing as your retirement is how the 401ks and Roth iras work here. Although you can have some limited control over it, most are hands off and through your job usually. There is a problem with that though. Whereas social security or a pension was usually guaranteed. If the economy takes a nosedive, so does your 401k because its value is attached directly to the market. My aunts 401k took a nosedive in 08 and took over a decade to recover. So you could be chugging along just fine and then when the economy goes into the shitter (which is a design in capitalism the boom/bust cycle) all your retirement goes out the window. Real estate seems to be safe because assets can be sold if you find yourself in a position to not be able to rent them out. But in general I think we need a better system than social security because it's not nearly enough.

11

bastienleblack OP t1_j3qjouc wrote

The hole and the ozone layer, and climate change are two different issues. The UN and World leaders made an agreement in the late 80s to stop industries using the harmful chemicals that were damaging the ozone and leading to more people getting cancer.

After 30 years of not using them, we've started to see the hole repair itself, and in another 40 years it could be back to normal. So, if current governments were to come together and take action on climate change we could see a positive difference. But yeah, because of how big a deal the whole "climate" is, some of thowe changes will be irreversible. Once ice caps melt, they're not coming back, until there's another ice age!

5

nowonmai t1_j3qj9by wrote

I feel your pain. Similarly have had multiple detachments, each with its own set of complications. Damage to both retinas, and pigmentary dispersal syndrome in one eye.

Honestly my mental health is in shreds. In a weird way, it comforts me a little knowing I'm not alone.

3

xybet t1_j3qhiy6 wrote

Well... Personally I'd make better saving and investing the deducted amount, but I do like the safety net as well in case something goes wrong.. It just allows a lot of unemployment and abuse, and is not sustainable with growing population. Which means I'm probably paying for pension that I'll never receive, whereas investing it, it would stay mine..

Thought it's easy to pick the easy and good things, there are a lot of things in the US that are better as well :-) Grass is greener where it's watered and taken care of.. good and bad things both ways.

9