Bitter_Director1231 t1_jbmppvg wrote on March 10, 2023 at 3:32 AM

Reply to comment by Winchester85 in Dow sheds 300 points as Friday’s key jobs report looms ahead: Live updates by OMG__Ponies

Don't count on it.

The money you put in retirement is miniscule compared to cost of living when you retire. If you can retire.

Most Americans aren't so lucky. They live paycheck to paycheck and can't save for retirement. Those people do exist. Not everyone has a 401k and steady reliable employment.

No one alive today can't retire at 60. Unless you got a really good government job that has a pension. And that is very rare.

The stock market is volatile and change at any time due to global conditions.

Winchester85 t1_jbmrazx wrote on March 10, 2023 at 3:45 AM

Trust me, I totally understand not everybody is fortunate enough to save for retirement. I was replying to the comment, saying “who cares about the stock market”

There’s no way me and my wife will be able to afford retirement in America the way inflation is going .

We are planing on retiring in Thailand or China .

Aazadan t1_jbo4n0y wrote on March 10, 2023 at 1:15 PM

Putting money aside for retirement does work. The standard retirement savings advice is too low a contribution though. It’s made because people can’t afford the real rate. They used to be able to, but then the prices of necessities started taking more of peoples checks due to wage stagnation.