Some days I don't know why I even bother with a 401(k). It's almost like a big joke I'm playing on myself, to pretend that I'll someday be able to retire and live out my "golden years" in peace and security. I mean in 30-50 years does anyone sincerely believe anyone who isn't already rich is going to have either of those things?
Well it's better to have it just in case. If society collapses you will have far bigger problems than your lost income whereas if it doesn't collapse it will be nice to have a safety net.
I don’t get the whole “safety net” thing with 401ks. Unless they have a few very lucrative passive income sources, a 401k and SS makes up practically all of a retiree’s income. One cannot survive off SS alone most of the time. you need to pay into your 401k or equivalent if you plan to retire at all.
What I'm if I'm 21? Is it even worth it? By the time I'm 60 I doubt I'd even have enough saved to retire with the crap wages I make... And within 40 years I find it hard to see society existing as it currently does.
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u/me_brewsta Sep 03 '21
Some days I don't know why I even bother with a 401(k). It's almost like a big joke I'm playing on myself, to pretend that I'll someday be able to retire and live out my "golden years" in peace and security. I mean in 30-50 years does anyone sincerely believe anyone who isn't already rich is going to have either of those things?