Matt Prez on Nostr: Bad news. Working hard your whole life and contributing to society in a meaningful ...
Bad news.
Working hard your whole life and contributing to society in a meaningful way isn’t enough to retire anymore. 😢
I’m currently helping multiple people plan their retirement, and even at 70yo, the current broken system forces you to be your own financial planner until you pass.
Ridiculous decisions you’re forced to make that will determine how much of your life-savings you get to keep include:
- I’ve built up an asset base of retirement funds/property/stocks - now what? How do I structure my assets to generate an actual income until I die? 🤷♂️
- If I need to sell some of my assets to convert them into cash or other assets, how do I do this in a way that’s most tax effective? 🤷♂️
- Do I need to sell my home and downsize to a cheaper property to release some usable funds? How much will I loose in this process? Where will I live? Will I be closer or further from my loved ones? 🤷♂️
- What’s the right balance between holding enough liquid assets that I can use for immediate spending, and holding enough hard assets that’ll continue to grow and offset inflation over the decades? What role can Bitcoin play as a hard AND liquid asset in retirement? 🤷♂️
- If I do want to use a vehicle like a Self Managed Super Fund or Trust, what are the tax implications and/or limitations of moving funds from one vehicle to another? Like, for example, moving assets from my personal name to a SMSF? 🤷♂️
- If the government forces me to draw down 4%-12% from my retirement fund each year, how can I ensure my asset base is growing each year to offset this?
- And if I’m entitled to a pension, how much can I work before it affects my pension payment?
Not to mention the countless other questions you’re forced to ask yourself. 🤯
//
In short…..
Q: How the fuck can I generate an income in perpetuity that will increase with the cost of living and allow me to live a fun and meaningful life with my loved ones over my remaining decades? 🤔
Damn.
And to think…
ALL of this would not be necessary if we simply had hard money that was not devalued over our lifetime.
We’d simply work, save, retire.
#Bitcoin can play an interesting role in your retirement strategy.
Instead of getting slowly poorer retirement, consider a 10% - 20% Bitcoin allocation to help you get slowly richer.
Your future self will thank you for it. 🙏
Working hard your whole life and contributing to society in a meaningful way isn’t enough to retire anymore. 😢
I’m currently helping multiple people plan their retirement, and even at 70yo, the current broken system forces you to be your own financial planner until you pass.
Ridiculous decisions you’re forced to make that will determine how much of your life-savings you get to keep include:
- I’ve built up an asset base of retirement funds/property/stocks - now what? How do I structure my assets to generate an actual income until I die? 🤷♂️
- If I need to sell some of my assets to convert them into cash or other assets, how do I do this in a way that’s most tax effective? 🤷♂️
- Do I need to sell my home and downsize to a cheaper property to release some usable funds? How much will I loose in this process? Where will I live? Will I be closer or further from my loved ones? 🤷♂️
- What’s the right balance between holding enough liquid assets that I can use for immediate spending, and holding enough hard assets that’ll continue to grow and offset inflation over the decades? What role can Bitcoin play as a hard AND liquid asset in retirement? 🤷♂️
- If I do want to use a vehicle like a Self Managed Super Fund or Trust, what are the tax implications and/or limitations of moving funds from one vehicle to another? Like, for example, moving assets from my personal name to a SMSF? 🤷♂️
- If the government forces me to draw down 4%-12% from my retirement fund each year, how can I ensure my asset base is growing each year to offset this?
- And if I’m entitled to a pension, how much can I work before it affects my pension payment?
Not to mention the countless other questions you’re forced to ask yourself. 🤯
//
In short…..
Q: How the fuck can I generate an income in perpetuity that will increase with the cost of living and allow me to live a fun and meaningful life with my loved ones over my remaining decades? 🤔
Damn.
And to think…
ALL of this would not be necessary if we simply had hard money that was not devalued over our lifetime.
We’d simply work, save, retire.
#Bitcoin can play an interesting role in your retirement strategy.
Instead of getting slowly poorer retirement, consider a 10% - 20% Bitcoin allocation to help you get slowly richer.
Your future self will thank you for it. 🙏