Quote:
Originally Posted by Buehler445
Yeah, it’s remarkable how little a majority of the population knows.
We had this dude working for us. Comes wants a job. So much an hour fine. Always seems to have something to do. Needs to come late. Wants to leave early always has shit to do. So naturally he broke. All the time. Zomg how am I going to make rent blah blah blah. Dude if I were broke and hourly you couldn’t drag me out of that farm with a log chain. Nope. Gotta do this gotta do that.
Then later on he’s plying me for a raise. Which I’m not going to give him because he doesn’t work enough. Anyway he’s whining to me that he doesn’t have any retirement and his dad took retirement at 58 or whatever the soonest he could take (prorated) social security. So his dad is starving to death on prorated social security and doesn’t have a 401k or anything like that. And he doesn’t want to be that way. Wants to do better blah blah blah. His narrative was that he’s this great employee and deserves better. He wasn’t and didn’t, but that doesn’t matter to the story.
So I ask him if he has an IRA. What’s that? Jesus man. A 20 minute google search on “retirement” and you can probably know enough to get a retirement fund started anyway. But all I get is a blank look. So I told him to bring me all his information and I’d help him get one started.
Guess what he never did. Start a retirement fund. But somehow it’s my fault that his dad is a flaming moron and took social security as early as he possibly could and had no other savings. And he’s unwilling to do anything to prevent it from happening to him.
He left and it’s fine. He was obviously not operating in good faith, so I’m fine with it.
But he was obviously worried about it, but totally unwilling to do anything to even try to figure out what to do. Just expect Buehler to fix it.
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I had similar situation with a new kid at work. Same story w/his dad and all. I'm teaching him how to invest for the long term. I even wrote a book that I gave him and my kids on this topic. The young ones are easy if they just put it in each month. It's us baby boomers that are trying to hold on to what we have accumulated.