this post was submitted on 23 Aug 2025
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Asklemmy
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How do you deal with the uncertainty if the money you saved for retirement will be enough for the rest of your life? What if you're 95 and you run out of money? It's not like you can go back to work or take out a loan etc.
My retirement plan is eating bugs in the woods because it beats working until I die.
Sounds like a plan, perhaps I should plan something similar :D
I'm not sure I'm old enough to answer this, but retirement scares me, and I basically don't know if retirement is financially likely or reasonable. Even if you invest enough into a 401k early enough, you have a pretty good chance of having serious health problems at some point in life that will probably take most of that money.
Basically the situation is bleak, so I try to focus on doing what I can to improve my situation without dooming about what I can't control.
I live in a country with a pension sachem and it still scares the fuck out of me
In my state there's a ton of state ran resources for seniors. It'd not perfect but its better than most. My taxes go into it and I've seen the end result. Very happy with paying them.
My parent's generation all had pensions. You didn't have to worry about it unless the accountants cooked the books and didn't manage it honestly. I was too young to know all the details, but I gather that system got upended by two things: 1) several pension funds that went bust and 2) shift from people working at one place forever to job-swapping which made pensions basically impossible (before computers).
They converted to 401k scam
I think your number 2 is in the wrong order.
Well, in, my case first there was communism, so the state provided us with a pension regardless of who worked how much and what was happening in general.
And then there was the collapse of the USSR and in general after a while everyone realized that they would just work until death. And so it happened.