akcookie79
978
60
21
Retirement age goes up each year, success financially is hard to come by and I'm by myself for the first time and I'm more lost than I've ever been.
May 23, 2016 3:29 PM
akcookie79
978
60
21
Retirement age goes up each year, success financially is hard to come by and I'm by myself for the first time and I'm more lost than I've ever been.
quade
OP: Every generation is fucked financially.
helmutboy
Live within a budget and don't give in to consumerism. Save and forget.
NobodyNamedMe
You're fucked financially because you were never taught anything financial. You're only fucked if you continue to be uneducated.
travishawkins2199
Yeah, it's a real bummer, it's like you're going to have to work like a decade before you'll have 10 years experience.
DontcallmeLen
The baby boomers will be dead in the next 20-30 years.
XianArchangel
So we teach our children how the various systems work...how to evaluate choices, and then we support them until the training wheels come off
Notacoolgirl
My retirment plan is to not outlive my parents, and they can have my savings after i croak
HighFive1
If you start a Roth IRA at an early age putting only the minimum in each month(for now), you will have a handsome nest egg for retirement
BlankhasdiedofDysentery
Retirement age hasn't gone up each year though...
Blodgarmpls
Even if it did, death age has gone up. So i'd expect this.
Sickofnotliving
Dude, struggle like the rest of us. As long as you're willing to work and take calculated risks, you'll be okay. I'm doing it, I'm okay.
steviEa
Honestly if you just make a good savings plan (401k, roth ira, and savings acct) and save a little each pay check it isnt thay bad.
lenomdeplume
Yep, the manufacturing jobs that formerly existed are gone. Paper or plastic? Work two jobs and save all you can. And don't marry a slut.
lenomdeplume
One last thing, don't become a baby-daddy.
thefuckwouldiwantacaravanthatsgotnofuckinwheels
START SAVING NOW just have 1 or 2 hundred auto deduct from your paycheck, after 2 or 3 checks you wont miss it as much as you would think
akcookie79
Some people are normal fortunate. Pulling 100+ auto deduct is too high
thefuckwouldiwantacaravanthatsgotnofuckinwheels
i've been there, side jobs, if you are strong work for a moving company on weekends, it is not easy but they will take most people
CoolHandTim
Relax, it's a marathon not a sprint. Put a few bucks away each month. Your greatest asset right now isn't money, it's time.
Joshua221b
Too wise for me... anyone else still wanna spend, drink, gamble and regret it all in 30 years with me!? :D
MustBeThatDutchDude
It's hard to save money when the jobs are being held by old people who normally would have retired.
helmutboy
Become you're own boss. Figure out what the market needs and become an entrepreneur.
Cryolith
Shit. Why didn't I think of that? Now all of my problems are solved! /s
helmutboy
Not sure why you didn't, but too many on here whining about what they don't have or can't do rather than figuring out what they can do.
CoolHandTim
Exactly. While you're busy whining, someone else is figuring out how to get ahead. The starter pistol went off, so start running, people!
ZaphodBbx
Your school teachers were likely well compensated union members with financially unsustainable benefits....
KyloSolo
I hear what you're trying to say, but teachers are paid shit. They might earn a pretty nickel after 20 years, but a lot of them struggle.
Blodgarmpls
Depends where you live. 90% of my public high school teachers made over 100 grand as soon as they got tenure (4 yrs after working there)
beerire
Ummm. Where? I mean, where in the country can a teacher afford to support a family?
ZaphodBbx
Smaller urban markets offer good salaries without prohibitive costs of living. Think cities of 75-250000 with metro pops of a million or so.
quade
lol... school teachers as "well compensated"
Sickofnotliving
As a former school teacher, It's criminal the compensation. People who tell you otherwise didn't pick good school districts. Fuck em'
whotookthegoodnames
And that's only one province
ZaphodBbx
As a New Yorker, and a former school board member...yeah; they do more than Ok here...
quade
They don't do well pretty much everywhere else.
ceakay
Yea salary hasn't gone up much, but they get like 80% of their salary after retiring. Can't even get 80% for mat leave.
quade
Not public school teachers, that's for sure.
ceakay
~$40k a year, for the rest of their life. Assuming they retire at 60, and live to 90, that's 30 years of a full salary - more than min wage.
Cryolith
If you're lucky enough to make that much. Most states have been cutting back. And they also pay for supplies out of pocket.
whotookthegoodnames
Where are you from that you don't know this is true? Teachers unions are incredibly powerful/wealthy
quade
The US.
whotookthegoodnames
Well don't downvote me because your country blows.
quade
Fine. And don't accuse me of being the one that downvoted you just because someone didn't like your question.
Blodgarmpls
The US pays teachers well. Don't listen to this guy. Depends where you live though