Gen Z doesn't care about their grandparents/great gps. Gen z is flippant and thinks this social security won't be available for them anyway, since its not even going to be available for GenX or their millenial parents...so they are like "if I can't have it, you cant have it"
Problem is, many, maybe most 'boomers' rely on social security because they believed in the system and PAID INTO IT. It's not fair to them. (Gen X also, but to a lesser extent)
It's fairer to tell the young generation, "look, it WILL NOT BE (or may not be) available to you...so save for your retirement NOW. Take charge NOW. You have like 50 yrs ahead of you.
Gen Z also doesn't understand that their g/ggparents lost a huge chunk of their pensions from continued insults by their misguided or vicious employers who rolled their pensions into stock portfolios and the market crashed a few times. Like the 2008 subprime mortgage crisis.
This is why you never do that. FYI, you younguns...you have an all hands HR meeting where they offer this to you. Decline. Tell them you want more money and that YOU will manage your own pension and then put it into gold and precious metals as a metals roth IRA. And then have the IRA company take custody of the PHYSICAL metal or if they allow it, you take custody of it in an IRA qualified vault such as texas bullion depository.
Don't put your pension into stock market or however its said...don't let them buy a stock portfolio as your pension. Never ever ever ever. And also, no metal ETFs
Gen Z doesn't care about their grandparents/great gps. Gen z is flippant and thinks this social security won't be available for them anyway, since its not even going to be available for GenX or their millenial parents...so they are like "if I can't have it, you cant have it"
Problem is, many, maybe most 'boomers' rely on social security because they believed in the system and PAID INTO IT. It's not fair to them. (Gen X also, but to a lesser extent)
It's fairer to tell the young generation, "look, it WILL NOT BE (or may not be) available to you...so save for your retirement NOW. Take charge NOW. You have like 50 yrs ahead of you.
Gen Z also doesn't understand that their g/ggparents lost a huge chunk of their pensions from continued insults by their misguided or vicious employers who rolled their pensions into stock portfolios and the market crashed a few times. Like the 2008 subprime mortgage crisis.
This is why you never do that. FYI, you younguns...you have an all hands HR meeting where they offer this to you. Decline. Tell them you want more money and that YOU will manage your own pension and then put it into gold and precious metals as a metals roth IRA. And then have the IRA company take custody of the PHYSICAL metal or if they allow it, you take custody of it in an IRA qualified vault such as texas bullion depository.
Don't put your pension into stock market or however its said...don't let them buy a stock portfolio as your pension. Never ever ever ever. And also, no metal ETFs
No crypto either. But it's good to hodl some bitcoin and monero, but don't rely on it for retirement.