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When finally science unlocks the secret of immortality, they'll raise the retirement age correspondingly…

• josephg 10y ago
  Official retirement age? Once you build up some passive income sources you can retire whenever you want. And you can do that as simply as having a nest egg sitting in an investment portfolio.
  • deleted 10y ago
    [deleted]
  • waqf 10y ago
    Because immortality is quite plausible, but the idea that your portfolio is not guaranteed to continue to return an inflation-adjusted 4% over the long term is inconceivable.
  • usrusr 10y ago
    In other words, you expect post-immortality born generations to work for you forever? You'd be lucky if you lived to see more than one revolution.
    • josephg 10y ago
      I expect automation to replace most human jobs. At some point in the future we'll move to a universal basic income funded by the work robots do. I think we'll be forced to. Automation is already displacing massive numbers of workers. The Economist argues[1] that the current rise of populist leaders is partially a result of this. People in poorer areas are angry at offshoring and trade for the lack of jobs, and vote for Trump and Brexit to fix it. [1] https://twitter.com/theeconomist/status/835429157475528705 https://twitter.com/theeconomist/status/835429157475528705
  • owyn 10y ago
    Oh, it's just that easy? And I can do it whenever? I just need a nest egg? What is that exactly? Oh, but I also need a passive income source? That's all? So explain how exactly does "anyone" pull this off, or explain how there a massive gap which prevents most people from doing this. Bonus points for explaining how one or the other situation is better.
    • josephg 10y ago
      Its simple, but that doesn't make it easy. The most tractable way to pull it off is to dramatically lower your expenses. How much do you need to live? If you can get a consistent 5% interest from your assets (-2% inflation) then $1m will net you $30k of spending money per year without digging into the base. Saving up that much money in the tech sector over an entire career (especially one thats been extended due to anti-aging research, which is what we're talking about) is very doable. Lots of people pull it off, they just call that asset 'their house' and call saving money 'paying off the mortgage'. If you sell / rent out the house and move somewhere cheap then you can be pretty comfortable living on less than $30k/yr, depending on what you want to do. If you want more information: http://www.mrmoneymustache.com http://www.mrmoneymustache.com https://www.reddit.com/r/financialindependence/ https://www.reddit.com/r/financialindependence/
      • literallycancer 10y ago
        Doesn't it take some time to take care of the assets though? Or are you able to get those returns without touching them at all?
        • josephg 10y ago
          There is a plethora of companies who will solve that problem for you, in exchange for a small cut of the investment returns. Eg, https://www.betterment.com https://www.betterment.com for stocks & bonds, and http://www.ipmanagers.com.au http://www.ipmanagers.com.au for managing property. (For property you obviously want someone local to your area.)
• jlebrech 10y ago
  once we get that space travel will be indispensable. you'll have to send retires to other planets, maybe say you have to leave your planet of birth.