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My retirement plan involves laying down in a ditch off a highway in Colorado with an amazing view of the Rockies during a freezing winter night and just falling asleep. Social Security will not exist when I reach retirement age. I have a pension through work, I contribute to a Thrift Savings Plan, none of it will be enough, and I refuse to contribute more to either (as my Boomer parents both (of course) suggest), because to me I am literally throwing that money away. I will never see that money, the markets will crash, I will be left with nothing anyway, there's no point.
That does sound a lot more peaceful than my retirement plan of: using my 2nd amendment rights on myself lol
This is.... An unhealthy mental stance to take. The markets have pretty consistently gone up for just about a century now, its about time in the market not timing it. Yeah it will go up and down, yeah we really might see a recession in the next few years, but 20-30 years from now, money you've invested will be worth considerably more and you'll likely feel quite different when the time rolls around.
I worry about you, grasshopper_mouse. If you really feel this way, please talk to someone.
"You don't understand! Right now is the worst times, and my specific suffering is the worst and most hopeless in history! This is the end!"
(Edited for accuracy)
The copium some people have about gov work is absurd, GS pay raises don't match inflation AND (at least in the IT field) typically pay worse than industry standards, for....
- slightly cheaper insurance benefits
- faster time off accrual (assuming you stick around for 3 years for 6 hours per pay period (2 weeks) or 15 for 8 per pay period, which is only for annual leave. Sick is capped at 4 hours regardless.)
- a pension that a political party absolutely intends sweep out from under you (that you pay more into than any of the folks in your office that have been there since before january 1 2013, 0.8% of pay vs 4.4%)
- TSP: a 401k by a different name.
Oh, but it's also "more stable" (we're definitely not facing a shutdown deadline on the 8th and 22nd of this month, which is somehow more confusing in news coverage because nobody covers who is/was affected which shutdown deadline or if the march 8 shutdown is still possible).
Hey, I've tried that one before, it doesn't work that easily. I think you might need to do some drugs or get really drunk for it to work properly. Alcohol would work well because it encourages blood flow to extremities, making you feel warmer while making you go faster but I think ketamine would be the best way to go
I used a chunk of my 401k as an interwst free down payment on my house.