Investment & Retirement Is A Myth For Future American. Tired Of Wall Street Bullshit.

[TheMastersNemesis]

You keep seeing all these bullshit investment company ads about retiring. They are all so much bullshit. Given that the GOP is trying to deregulate everything you might be better off putting your savings in a mattress. There are so few options that a worker has under the present system that are fee heavy and bleed off so much money. And there are so many restrictions on withdrawals and taxes it is not even funny.

Plus with the new economy wages are still not increasing enough for most Americans to save enough. The rich are still getting virtually ALL the benefits of our system.

[guillaumeb]

1. But it is the illusion that the 1% are selling.

The illusion that capitalists really care about their workers.

The illusion that somehow a debt burdened millennial will somehow say a lot for retirement while working for low wages, while also paying off a student debt that cannot be discharged in bankruptcy.

An endless cycle of debt that translates into no one retiring and no one claiming Social Security.

[Locrian]

2. we're not citizens anymore

We're natural resources:

* fodder for the prison system to make money off us
* soldiers for wars for the MIC to make money from weapons
* marks for the financial industry to rip us off of our savings
* sick bodies for them to make money off etc, etc, etc.

[The_Casual_Observer]

3. How about the advice that everybody should have 2 million dollars put away

for your retirement and if you don't you have failed life's story.

What are they paying in bank interest these days .001 % per annum or some shit, oh and that interest is taxed too thanks to reagan.

[taught_me_patience]

4. I couldn't disagree more

I've seen so many people including friends, family, myself, and collegues build nce nest eggs through retirement investment vehicles. There has never been a better time to invest, as there are huge selection of low load index funds to pick from.

The tax advantages of a401k are undeniable... It's funded through pre-tax money and grows tax free. The trade off for this tax advantage of that you cannot withdraw the money until 59 yo or face penalties... totally reasonable. Returns for the market have averaged almost 10% over the last 70 years. Right now, based on treasuries, the implied return for the market is 7%... Low but better than any other investment vehicle.

Of course building a nest egg takes discipline over a long period of time. Most Americans water money on crap instead of saving.