/biz/ - Business & Finance

[retirement savings No.55357290]

My dad has $6k in his 401(k).

He's retiring in about 10 years. My mom doesn't have any kind of retirement savings. They have $3k in cash saved up. This was all revealed to me recently. I had no idea they were so financially irresponsible and every time I remember how little they have saved up it spikes my blood pressure.

I asked them their plans for retirement and their only idea is to live off Social Security until they die. I tried explain why they don't want to spend the last 20 years of their lives on the edge of poverty (especially because they're definitely planning to boomer it up and go on a bunch of expensive vacations they can't afford (which they've already been doing with increasing frequency the last few years). I don't know what the fuck they've been doing with their money the last 20-30 years.

What the fuck can they do? What's their best option to not be entirely broke in their 60s and 70s? So far the only thing I can think of is having my dad max out his 401(k) contribution, it won't be enough but it'll be something, and selling the house for something smaller and putting whatever profit into an index fund. What else can they do to soften the blow of retirement?

[Anonymous No.55357303]

its over. they're gonna have to move to a trailer park in kansas

their only possible saving grace against eternal poverty is taking out a huge loan against their house and buying bitcoin with it

[Anonymous No.55357306]

>>55357290

It's too late OP.

[Anonymous No.55357325]

>>55357306
>>55357303
>it's over

that was my first reaction. I know it's too late for them to retire comfortably, but there has to be something they can do to help out. I don't think I'll make enough to support them, and to be honest I don't feel like taking the hit for their irresponsibility. but I still feel the need to help them out as best I can with some sort of plan.

[Anonymous No.55357344]

>>55357290
They’re going to come live with you and sponge off you until they die. Such is life.

[Anonymous No.55357357]

How old are they? When I worked retail, I always see 65+ boomers working and it was always depressing, yet I know there's a story behind that, that probably doesn't favor them

[Anonymous No.55357367]

>>55357325

They need ti cut back on as many expenses as possible and save up an emergency cash fund first.

[Anonymous No.55357381]

>>55357290
They might do okay if they really like camping.

[Anonymous No.55357392]

>>55357290
If they can force themselves to live to 120, they can save for another 30-40 years and then retire.

[Anonymous No.55357398]

>>55357290
>>55357325
Same advice they gave you: get a job and don’t depend on government hand outs or they’re deadbeats

[Anonymous No.55357403]

>>55357290
it s ok. see pic for hint

[Anonymous No.55357406]

There is nothing you can do in a small amount of time to fix a lifetime of mistakes
If they can’t learn their lesson then that is not on you

Everyone will say “they’re your parents you can abandon them”
That’s only partially true

They have nothing left for you and your inheritance, they lived their lives without a thought of your future and your life when they die.
It can not be on you to play hero and undo their mistakes.

If you want to work so hard that you’ll be forgoing your own retirement and doing the same thing to your kids they did to you; well that’s a lifetime of stress on you and good luck to you on that.
But you need to worry about your savings, things aren’t getting easier.
They lived in one of the most financially easy times in existence with the most affordable food, housing, entertainment, etc;
Their generation created the situation you’re going to be in.
It’s up to you to break the cycle.
Build generational wealth for your children. Don’t focus on a sinking ship.
Help where you can and perhaps convince them to move somewhere cheaper or something.
But short of becoming a millionaire over night or being a slave to I’m guessing decent parents; there is no light at the end of the tunnel.

Sit them down and have a real discussion with them about their situation. Lay out what’s going to happen to them. Then when you realize that even though you want to be a good son and do what you can, they will ignore you. In one ear and out the other. It’s what a lifetime of ignorance and luxury has done to people not just your parents.

Good luck, don’t let people in this thread shame you with
>Abandoning your parents
Greentext

Your generational wealth and children will have to and must start with you.

[Anonymous No.55357418]

>>55357381
Whether they want to live in a tent on the street or buy an RV to live in is the question, the latter may not be a bad option.

[Anonymous No.55357431]

>>55357406
it s their pb. easiest generation. just buy SPY and ride QE....time to learn from their mistake

[Anonymous No.55357441]

>>55357290
This is one of the only times I’d suggest gambling on a shitcoin. It might be their only chance at this point.

[Anonymous No.55357444]

>>55357357
My dad's 53, mom is 52. Again, I have no fucking clue what they've been doing with their money for the last 20 years.

>>55357367
that too, I want a short- and long-term plan so they're not one emergency away from getting wiped out. I'm trying to convince my dad to max out his 401(k) while he still can. The problem is he doesn't "believe" in banks or investments, that's why they don't have a savings account and their paltry savings are in a box under their bed. He claims that the markets are too unstable for a 401(k) to be a smart investment. I tried showing him that if he had been saving for the last 20 years he'd almost be a millionaire but he's a stubborn boomer and wouldn't hear me.

>>55357406
>Don’t focus on a sinking ship
I'm tempted m8, I really am. But they supported me while I was going to school, and for the year after I graduated when I couldn't find work they didn't ask for rent once. When I was a broke student and needed money they gave whenever I asked.
I'm barely starting my career so I'm hoping in 10 years I'll have enough to give them. But meanwhile I need to give them some advice.

[Anonymous No.55357448]

>>55357441
my parents don't even have a savings account which is like basic finance. they wouldn't even understand crypto let alone let me put all their money into it.

[Anonymous No.55357472]

>>55357444
> I have no fucking clue what they've been doing with their money for the last 20 years.
I’m in my 40s and I’ve seen a lot of friends and people I work with who don’t seem to comprehend they will get old and need to retire. They don’t understand that saving the amount of money you need to retire takes decades for most people. I had a discussion with a woman at work who was in her Kate 30s and she made some comment about how her and her husband were going to start saving for retirement in the next few years after they are done with some vacations. It’s like she didn’t comprehend she’s running out of time at all. Most people are financial retards who don’t understand money or how compound interest works.

[Anonymous No.55357474]

>>55357444
>>55357448
Checked but also under no circumstances should you co-sign any loans

[Anonymous No.55357495]

>>55357472
>she’s running out of time
this is another thing I'm struggling to get them to comprehend. they don't seem to get they're almost out of time and it's not gonna be pretty when they get there.

[Anonymous No.55357499]

>>55357444
I get it anon, I genuinely do.
But think about it this way, do you want to put your children in the same position you’re in?
Do you want to think that your children owe you slavery for 30+ years or potentially more?
Or do you want to whole heartedly give and expect nothing from your children?
Do you want them to never be burdened by your mistakes and your inability to learn?

Do you think that’s fair to them?
Why is that fair to you?

If you’re well off in 10 years like you said, sure help where you can.
But you can not support them without sacrificing something more important.
Your kids and their future.

This sounds cruel but the children come first.
They are the generation that will come next and inherit.
We will die and get old.
Always aim for a better future for your kids first.
Help where you can with your parents
Sit them down and have a real talk with them.
Tell them you are genuinely concerned and they need to make some changes

[Anonymous No.55357518]

>>55357474
Also this, do not sign any loans what do ever.
They will have no way to pay and you’ll be stuck with perpetual interest.

People don’t understand that it is not 7% interest for the whole loan.
It is 7% interest per year.

Now a 100k loan is 300k paid back after 30 years
Etc;

[Anonymous No.55357522]

>>55357406
>>55357444
I would suggest that they work until 70 to maximize their social security payout. If you defer it until that age then you get more per month. Meanwhile they should be maximizing 401k contributions as much as possible. Yeah they're probably not going to have a nice retirement because they'll be fucking old at that point, but it is what it is. They made their bed.

And be clear with them NOW that you don't have the resources to bail them out so they don't have unrealistic expectations. This should hopefully light a fire under them to hustle as much as they can and save *something* by late 60/s/70. If they believe that you will be their bailout it will only reduce their motivation to fix their own problems.

You can live an OK life on a few hundred grand and social security. It'll be a simple life but at least they'll be able to retire if they work hard the next 15 years. They can also sell their house and move in to assisted living or get a reverse mortgage.

[Anonymous No.55357536]

>>55357522
This is solid advice
They need to be maxing now

[Anonymous No.55357588]

>>55357290
Unironically tell them to DCA in a few shitcoins over these next 2-6years. They’ll most likely miss this bullrun but can most likely accumulate a small bag come next bullrun. If they miss the 2030 bullrun then yeah it’s actually over for them.

I never understood how people can be so irresponsible with money. Granted I’ve spent money on stupid shit but I was never scrapping the bottom of the barrel. How can they be blissfully ignorant.

I’d actually unironically recommend LINK

[Anonymous No.55357589]

>>55357522
I think so too, but my mom is already planning on retiring early, within the next few years (makes zero financial sense but we've established my parents don't have that). and my dad has already stated he's tired of working and wants to retire as early as possible, I think it's 62 or some shit.

I want to put together as best a plan as I can and then sit them down for a serious talk. I'll lay out every thing they need to do and do my best to explain the gravity of the situation (i.e. they NEED to do what I say unless they want to suffer poverty for the last years of their lives). if they still don't get it then I'll have to wash my hands of their financial problems (well, it's not a problem yet, but it very soon will be).

[Anonymous No.55357606]

>>55357588
>irresponsible with money
they're old-fashioned and also immigrants. they never learned financial concepts like compound interest. old-fashioned as in, they think banks only ever lose money.
their account was compromised thanks to the shitty no-name bank they went with and that scared them out of savings accounts for good.

[Anonymous No.55357634]

>>55357589
They seem pretty bad with money but you need to make them understand a) they will be poor if they make those decisions b) you won't be there to help them

At the very least, if they're tired of working then maybe they can get different jobs. If they have boring office jobs then maybe get something outdoors even if it pays less. They might just want a change of scenery

[Anonymous No.55357640]

>>55357606
That's not 'old-fashioned'. Old-fashioned is people living on a generational property and collectively pooling the family's money together to buy more property for passive income. Your family is just stupid and poor.

[Anonymous No.55357651]

>>55357640
>Your family is just stupid and poor.
unfortunately I think my sister inherited the "be really stupid and bad with money" gene too. I seem to be the only person in my family with any understanding of personal finance. so, I feel like it falls to me to educate them and give them as much help as I can to retire with some tiny bit of grace.

[Anonymous No.55357654]

>>55357589
>talking about retiring early with those savings
I'm not really sure what kind of life they're picturing

[Anonymous No.55357655]

>>55357589
Is their house paid off? That's step 1 for retirees. Unironically, they need to be living on rice and beans while squirriling away money like maniacs. Your dad seems like the type to hide a shit ton of gold somewhere. Maybe he has more than he's let on? Either way, you need to set clear expectations and boundaries with them. If they're going to move in with you, they're going to contribute somehow.

[Anonymous No.55357659]

>>55357290
>sell your house
And to think that you made the whole thread believe your gay little story, you're getting crafty, Shlomo.

Also, no.

[Anonymous No.55357662]

>>55357325
In oriental countries when an elderly relative becomes too much of a burden, they carry them out to a forest and leave them there to perish.

[Anonymous No.55357669]

>>55357655
A lot of dumb boomers don't really have any kind of savings outside pension/401k/house. My friends dad died early in his early 60's about a year after retiring and the only money he was left with was the house and a life insurance payout.

[Anonymous No.55357670]

>>55357659
Property taxes are expensive in some places so I figured that was the situation

[Anonymous No.55357680]

>>55357444
>My dad's 53, mom is 52

Realistically, they can still save up the next 20 years and retire at 70 ish and have enough to die in theirv80s

[Anonymous No.55357702]

>>55357290
The answer is YOU, you ingrate. Your parents sacrificed financial independence so they could raise you and your siblings. The least you can do is make sure they have a comfortable retirement. I'll bet 3 BTC that you're a white person.

[Anonymous No.55357710]

>>55357655
The house will be paid off right around when my dad retires, I think that’s why he planning on retiring so soon, his boomer brain things house paid off = zero bills forever.

>>55357659
Fuck off memeing faggot, I’m considering all options so my parents aren’t completely fucked.

[Anonymous No.55357722]

>>55357518
>People don’t understand that it is not 7% interest for the whole loan.
It is 7% interest per year.

I dont understand the difference

[Anonymous No.55357724]

>>55357702
>white person
If you read the thread you’ll see I’m a son of immigrants. I’m not even close to white.

>make sure they have a comfortable retirement
What do you think I’m trying to do idiot, I’ve already said I don’t intend to abandon them entirely, but I also don’t think I’ll be able to support them AND my own family (which I intend to have within the next decade). So I’ll need them to help. They’ve had their whole lives to save up so I’m not taking on the whole burden myself.

[Anonymous No.55357729]

>>55357710
No, fuck you, retarded jew. If this story was real, all they have to do when they're old is to kick you out of the house and dump it. In 5-10 years it's gonna skyrocket in price so they'll be free to live on an tropical island like they already seem to be planning to do.

They're not in any danger. You are.

[Anonymous No.55357735]

>>55357290
pic related is only 25 cents. Great retirement plan, after you use it you'll never need to work again

[Anonymous No.55357750]

How big/valuable is their house? Downsize to retirement community condo is always a good option (and cheap). They're not going to be going on many fancy vacations though on SS only though

[Anonymous No.55357764]

>>55357735
need to buy the gun too. otherwise 100% correct

[Anonymous No.55357773]

>>55357724
You can afford to contribute $20k a year while social security checks take care of the rest of your parent's needs. Hell, even $10k annually is doable if you wanna be stingy. Get them signed up for food stamps and their state's Wellcare Medicare program.

[Anonymous No.55357778]

>>55357722
People believe that you pay 7% interest for the whole loan because they are dumb.

7% of 100,000 is 7,000

7% per year is
7% of 100,000 year one
7% of 100,000 year two
7% of 100,000 year thee
Etc;

So
7,000 + 7,000 + 7,000
And 7,000 every year.

15 years x 7,000
105,000

So you must pay back the 100,000 your borrowed as well as 105,000 in interest.

Thus a 100,000 mortgage is actually 205,000 total.
Now do it for a 30 year loan
210,000 in interest and 100,000 in principle
Thus over 30 years you pay 310,000 on a 100,000 loan.

Now think of something that is much larger like a 300k mortgage.
Etc;

People don’t understand this even though it’s spelled out for them.
Making it harder to build equity and their life because they don’t understand high interest rates or down payments.

Save as much as you can for a large down payment so you don’t pay ridiculous amounts in principle.

[Anonymous No.55357786]

>>55357764
The gun can be rented or borrowed

[Anonymous No.55357789]

>>55357778
If you don’t get what I’m saying it’s essentially people think you only have to pay 100,000 + 7,000

[Anonymous No.55357794]

>>55357606
Anon, you have dumb immigrant parents who are going to expect you to support them because they are family. They’re not going to listen to you more than likely. You can try to give them the best advice but see my first sentence and have a plan to deal with it.

[Anonymous No.55357801]

>>55357794
Yup

[Anonymous No.55357824]

>>55357778
Yeah anon but you can’t forget about time value of money. I could have infinite dollars but if I’m getting the right rates, I’m financing. Realistically anything under 8% you can on average outperform in the S&P on autopilot. I know the average is higher but that’s a buffer for hard times.

[Anonymous No.55357847]

>>55357824
This. I consider my 2.75% mortgage a positive asset. I could pay it off soon by putting all my wagebucks towards it and/or by cashing out crypto/stocks. But that's a retarded move if I zoom out 10+ years.

[Anonymous No.55357860]

>>55357824
Well the right time to do it is not 7-8% interest rates. That’s why most people are losing their homes because they can’t afford it.

Sure if you make a good amount of money with a high down payment then go for it.
But the time to buy a home was the last 10 years at 3.0% interest rates where inflation was 4%.
No matter what you were literally printing money on a fixed rate.

Any you can not on average outperform 8%
Most people are lucky to get 3% returns on investment in stocks.

The SP500 inflation-adjusted annual return is only 4.3% over the past 22 years.

Which on a 300k loan at 7.3% you’re talking huge house payments.

Not trying to argue with you just throwing this out there

[Anonymous No.55357869]

>>55357847
Yeah that’s a fantastic interest rate, no matter what your equity is building and your house payment is stupid low

[Anonymous No.55357908]

>>55357847
Borrowing at half of the rate of inflation is based. Anon, may your investments print. I am jealous, for I am a zoomer who came from nothing, but am blessed gifted intelligence far beyond my parents, and have a job presently with an investment firm where nobody has ever gotten to under the age of 30. However, thanks to unprecedented levels of quantitative easing, “covid”, an influx of retarded immigrants like OP’s parents, I will not be able to own a home in good faith for some time. I am not living in a ghetto cuck shed, I do not have a down payment saved yet and I don’t want to pay 8-9% interest on an overvalued home at this time. Enjoy your blessings fren

[Anonymous No.55357928]

>>55357860
Reinvest your dividends anon.

You bring up a point and I wasn’t clear, I’m not saying do this now. When they were handing out cash 2-3 years ago, it would have been advisable

[Anonymous No.55357956]

>>55357928
Relax brother it’s just conversation
>>55357908
You vill own notzing and be appy
You vill live in ze pod

[Anonymous No.55357972]

>>55357325
The reality is most of the world lives in poverty. Yeah it sucks it will happen to your parents. But that's life son. The only thing in your control is helping them out. Very common around the world where the children take care of the parents in retirement.

[Anonymous No.55357977]

>>55357956
Good vibes only. Except for the part where I vill eat ze bugs.
I think it’ll be interesting to see if the estate tax gets changed in the next 10 years, when all the boomers who actually own things legitimately are starting to die in mass because they’re in their 80s-90s..

[Anonymous No.55357989]

Don't call it a grave, it's the future they chose

[Anonymous No.55358003]

>>55357290
Get them to start living now as if they are only receiving social security checks. The rest goes into retirement. Should get them to realize how little they will have coming in.

[Anonymous No.55358009]

>>55357977
> Under Biden's AFP, the untaxed gains on investments held at death, like a stock, a residence, or real estate, would likely be taxed at a top rate of 39.6%, above an exemption of $1 million per individual, plus $250,000 more for a residence. For married couples, the exemption rises to $2.5 million of appreciation.2 Critics of the estate tax have claimed that it often forces the sale of small family-owned farms and businesses because the tax is based on the value of the estate
> President Biden had proposed to broaden the impact of transfer taxes through some combination of lowering the estate tax exemption from their current levels to a base of $3.5 million per individual and increasing the estate tax rate from 40% to 45%. However, the absence of any proposed changes to the transfer tax system currently does not mean that such changes will not be proposed by the Biden Administration at a later date.
Most likely and make sure that families will not be able to have generational wealth.
Makes sense if you have anything over 3.5m to have it in multiple families names or in a trust/crypto.
Only way to avoid ridiculous taxes they are proposing

[Anonymous No.55358021]

>>55357724
If you and your parents aren’t white honestly you just need to all leave America. You aren’t welcome here.

[Anonymous No.55358029]

>>55358021
Kike

[Anonymous No.55358032]

>>55358029
I mean a kike would want immigration
To be fair

[Anonymous No.55358042]

>>55358009
Thank you for this. Must be careful with trusts, make sure your lawyers aren’t retarded. Long story short my grandmother’s lawyer was retarded and my cunt step aunts hijacked the trust from the trust company and are holding my dad hostage and legally harassing my mom. But still, anything to avoid unnecessary taxes. Paying 40% to die is just one last kick in the balls, on money that has already been taxed At minimum of once. Imagine passing along a house in an estate that pays property tax annually. I mean the shit that we just accept nowadays as normal must make George Washington look like a rotisserie in his grave.

[Anonymous No.55358051]

>>55358029
I’m the opposite of a kike

[Anonymous No.55358052]

>>55358009
Actually something useful for once off this basket weaving board, thanks for this fren.

[Anonymous No.55358082]

>>55358021
Lmao, I was born here and my parents were naturalized 20 years ago. We’re not going anywhere and you can suck the skin off my dick

[Anonymous No.55358112]

>>55358082
If you’re not white you don’t belong here. Your retard parents are going to become leaches off the white man. You come here and fuck everything up.

[Anonymous No.55358134]

>>55358112
You’re looking for the word leeches
Leaches is not the animal/parasite
To leach is a different word

[Anonymous No.55358139]

>>55358112
Leach: to drain or seep: The sludge leached into our water supply.

Leech: literally, a parasite. Figuratively, a scrounger. As a verb, leech means "to exploit; take advantage of": He leeches off his friends' generosity.

[Anonymous No.55358148]

>>55357325
They can try to max out Social Security by making as much money as they each can for three years. They should hustle for three years with a second job if need be and throw all that extra income in a retirement account. That’ll bump up their SS payments too.
They should also plan to not retire until at least 65 and then go part time.
Do they own their home? If not, lmao but they need to get on that. Good luck paying rent on Social Security income.

[Anonymous No.55358159]

>>55358134
>>55358139
You’re right I mean the parasite one. Brown people are parasites.

[Anonymous No.55358311]

>>55357786
The big brain move is to buy it on credit

[Anonymous No.55358323]

>>55357290
You and your parents got jewed, as designed. Thank you for playing.

[Anonymous No.55358427]

Thread seems dead so thanks everyone for your input. I’m gonna see if I can put some kind of plan together and then talk to my parents.

(I’m OP but I’m phoneposting)

[Anonymous No.55358509]

>>55357325
They'll just have to keep working. Simple as.

[Anonymous No.55358549]

>>55357499
7/8 people under 45 will not have children.

[Anonymous No.55358569]

>>55358549
Have children at 46
Simple

[Anonymous No.55358571]

They will probably reverse mortage their house and live off that

Until that is gone and they are homeless lol

[Anonymous No.55358631]

>>55357444
You don't seem to understand the way things are meant to be. The parents live eternally through their progeny, when they are past reproductive age their only purpose is to invest everything they possibly can into their children. Nonwhites understand this well, which is why Pajeet will work his shitty taxi driver job for 40 years so his son can go to school to be a doctor. You have NO obligations to your parents, especially since they failed their obligations to you.

[Anonymous No.55359810]

>>55357290
Start buying alts the bulkrun isn't far, the prices are fucking cheap now. I have bought more of UTK, EGLD, RNDR, XRP, ETH, QRDO and METIS. These are gonna moon soon. Better to bag now and be ready with our bags.

[Anonymous No.55359938]

>>55357290
>I don't know what the fuck they've been doing with their money the last 20-30 years.
Supporting you.

[Anonymous No.55359954]

>>55357406
You are owed nothing by your parent's death you utter parasite.
>>55357431
>>>/pol/

[Anonymous No.55359971]

>>55357640
>Old-fashioned is people living on a generational property and collectively pooling the family's money together to buy more property for passive income
False.

[Anonymous No.55359982]

>>55357290
>I don't know what the fuck they've been doing with their money the last 20-30 years.
Supporting you.
>>55357406
You are owed nothing by your parent's death you utter parasite.
>>55357431
>>>/pol/

This is a thinly veiled pol larp thread to scream about dA BoOmeRs and try to agitate people against their own.

[Anonymous No.55360010]

>>55358009
Lol yep it's a poltard thread.

[Anonymous No.55360015]

>>55357290
OnlyFans or Chaturbate is the answer non-ironically. There is a huge market for boomers doing sexy things. Take about 20-30% on their profits for setting them up and helping with the management of the account.

[Anonymous No.55360094]

>>55357290
do they own their home? if so, sell that shit now and make them live in a 1 bedroom apartment asap, then let them buy a home again after the 2023-2024 housing crisis collapse

if they arent retards who upgrade to a more expensive house they can basically buy an equivalent house in a couple years to the same one they own now for half price, meaning they basically pocket 50%+ profit from the home sale

[Anonymous No.55360196]

>>55357290
Look into other assets. If they’re retarded boomers, they probably have whole life and a paid off house. Tap into that. Pension or other benefits? They probably don’t know about it.

Calculate their taxable income and adjust their monthly stipend to give them to 80. Anything else, they will have to greet at Walmart

[Anonymous No.55360202]

I have 200k in my 401, 115k in my savings account, and over 400k in stocks. Not including my house, hold, crypto. And I'm white, married, with a kid. I feel good

[Anonymous No.55360204]

>>55359810
I have taken a strong decision. I am so eager for the bullrun and I have seen a significant development with xMoney where I am able to do payments with both crypto and fiat. The adoption is going mainstream.

[Anonymous No.55360224]

My parents have been doing the normal 6 vacation a year / bar 3 times a week type shit for years. Won't blog post about it but I stopped talking about crypto and my mom seems suspicious about it. Constantly tries to start conversation about crypto. My own fault for telling them in the first place. Figure I'd blogpost to contribute

[Anonymous No.55360230]

>>55357290
tell them, "retirement is a dollar value and not an age." they're going to be waging at walmart until they're physically unable to do so.

[Anonymous No.55360235]

>>55357444
>retiring at 63
tell your retard dad to at least work until 67 years of age, which is the full social security benefit age.

[Anonymous No.55360238]

>>55357290
Make them buy one of these anon
https://www.youtube.com/watch?v=C7TwBUxxIC0
it's negative ion bands that are usually sold as health thingy

they contains rhodium

[Sean No.55360259]

>>55357290
Maybe they assume they'll be too old to do anything but sit around and watch tv, and just hope they die suddenly without need for hospital

[Anonymous No.55360271]

>>55360224
suspicious about what? that you buy and own it? why would they care? did they ban you from buying?

[Anonymous No.55360494]

My parents worked their entire lives yet are still broke. It’s sad to watch really

[Anonymous No.55360501]

>>55360271
That I stopped talking about it

[Anonymous No.55360517]

>>55357290
>he cares about his parents
you're a spoiled bitch who will never know hardship, shut the fuck up and kill yourself

[Anonymous No.55360521]

>>55357651
>I feel it falls on me to educate them
Ngmi. Save yourself

[Anonymous No.55360696]

>>55357290
Its over, they are going to need to sell house to recover whatever equity they can and then live in poverty till they die.
They cant save enough in 10 years to make a dent unless they have very high paying careers, they would have to go full frugal from now til>>55357522
This is the outline they are going to need to follow.
They could also be lying and have secret stash.

[Anonymous No.55360729]

>>55357662
I don't believe you

[Anonymous No.55360805]

Both of my parents are pensioners, around 70 years old and rent the house we live in.

This means their only way to live comfortably is for me to buy a house for them. Since I won’t earn enough to have two houses, that means I’ll be living with them for probably three more years until I can save for two deposits and earn enough to get loans for my own place and an ‘investment’ property that my parents will live in and I subsidise. I’m just about 30.

Shit is depressing, but at the end of the day you have to help them.

[Anonymous No.55360824]

>>55360805
>but at the end of the day you have to help them
Slave tier mindset you get what you give. Your parents inherited a unicorn era in the human saga and they still rely on you? Let them rot

[Anonymous No.55360910]

>live on ultra easy mode
>still fail

give me one fucking reason why raiding retarded fucks was ever immoral

[Anonymous No.55361213]

>>55357290

[Anonymous No.55361260]

They probably have some assets other than the 401K. If they own a home, they’re almost certainly planning to sell it and live off that.