3 ms·
5k month does not pose risks about having the 1M somewhere and potentially having to invest it in order to avoid losing ability to buy things for the money. Mor
by antirez 10y ago
5k month does not pose risks about having the 1M somewhere and potentially having to invest it in order to avoid losing ability to buy things for the money. Moreover you can't do a silly thing with 5k/m while you can do plenty with 1M. It's interesting to note that it's easy to turn 1M into 5k month btw, by purchasing a a few houses in strategic places, while the contrary is a bit more complex.
- bmh_ca 10y agoDoesn't the monthly risk depend on the reliability of the provider? There are a lot of Dallas Firefighters and GM employees and many, many others that took that bet and it came up short. Nobody is insulated from risk.
- antirez 10y agoYes sure, I'm reasoning in Italian terms where the retirement is always handled by the government, so for you not getting the retirement at all the whole country must fail, which is not impossible in the case of Italy... but well, if it happens, you are likely to have issues anyway. To clarify, even if you work for a private company or you are a self-employed person, you give money every year in order to have your retirement. The money is provided directly to the government, that will later handle your retirement sending you monthly checks. So it does not matter what happens to your original company, IF you provided money during your work-life, you'll get the money back in form of "pension" check. Btw with this system, you cannot retire when you wish, there are age limits and number of years of work limits.