Retirement Shock: Need to Find a Job After 40 Years at General Electric • Hacker News Board

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#141

Post by ta76567656 » Wed, Apr 25, 2018, 12:25 PM UTC

presidentender wrote: post #116

ta76567656 wrote: post #105

Earlier quoted context omitted.

Don't forget that 1) the first world birth rate is below replacement, and 2) your retirement savings will be made worthless by inflation if there is no labor pool to support the economy when you are retired. Parent poster is arguably subsidising your retirement by putting in the work to raise the generation that will produce the goods and services you will wish to consume in your retirement.

I benefit just as much from parent's children (heh) as I would from yours, but less than I would from my own, because they'd entertain me. Parent's enjoyment of those children is an appropriate benefit which both parent and parent's wife have purchased at the cost of parent's wife's career and their retirement savings. Put another way, parent and I both receive an economic benefit, but parent receives an emotional be…

Empirically, seeing that couples in general find child rearing too burdensome to maintain replacement rate, it seems that the current split is not the correct one.

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#142

Post by mirceal » Wed, Apr 25, 2018, 12:27 PM UTC

zokier wrote: post #117

mirceal wrote: post #37

Earlier quoted context omitted.

this may be an unpopular opinion (especially if the stock is doing well) but I've also done the exact same thing (sell on vest + diversify).

> this may be an unpopular opinion In what universe it is an unpopular opinion? I've always only heard the recommendation to diversify

In the universe where I live. Colleagues holding onto the stock and scratching their head when they hear I sell on vest.

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#143

Post by presidentender » Wed, Apr 25, 2018, 4:20 PM UTC

ta76567656 wrote: post #141

presidentender wrote: post #116

Earlier quoted context omitted.

I benefit just as much from parent's children (heh) as I would from yours, but less than I would from my own, because they'd entertain me. Parent's enjoyment of those children is an appropriate benefit which both parent and parent's wife have purchased at the cost of parent's wife's career and their retirement savings. Put another way, parent and I both receive an economic benefit, but parent receives an emotional be…

Empirically, seeing that couples in general find child rearing too burdensome to maintain replacement rate, it seems that the current split is not the correct one.

That's only relevant if you restrict immigration from areas where growth is rapid to areas where the locals reproduce below replacement.

Re: Retirement Shock: Need to Find a Job After 40 Years at General Electric

#144

Post by ta76567656 » Thu, Apr 26, 2018, 3:16 PM UTC

presidentender wrote: post #143

ta76567656 wrote: post #141

Earlier quoted context omitted.

Empirically, seeing that couples in general find child rearing too burdensome to maintain replacement rate, it seems that the current split is not the correct one.

That's only relevant if you restrict immigration from areas where growth is rapid to areas where the locals reproduce below replacement.

That there are willing young immigrants available is a historical accident. As countries develop economically their birth rates consistently drop, eventually to below the replacement rate, as can be seen in almost all first world countries. Taking first world countries as a closed system my argument applies. Allowing for immigration means the system now depends on a pool of readily available people who live in economic misery to supplement the first world population, which is not a particularly ethical arrangement.