Hello friends !
It may sound distant to you or sound crazy, but saving up with cryptocurrencies for retirement may be a very good idea.
How do you save for retirement?
Depending on the country where you live, the government may pay you an income or public pension when you finish your professional life so that you can live in dignity as a retiree.
Otherwise, and not receive a public pension, you may already be saving or do for you the company in which you work in what we call a private pension.
Your case may be even more forward-looking and, in addition to having the good fortune that your country pays you a public pension, you are also saving your own private pension and adding up both amounts.
In any case how to save for retirement is an interesting topic that should be thought and planned with great care.
Why do I say that we should carefully plan our savings for retirement?
Because the cost of life rises every year, what we can buy today with the same currency next year we will be able to buy much less because prices rise, by the so-called inflation effect.
So imagine, what today you can save for a few years to retire can be worth much less depending on where you save that money, and it does not serve you at all the savings effort you are doing for so many years.
Why save with cryptocurrencies?
At this time the Cryptocurrencies are becoming a means of payment and alternative economic value, safer and more profitable than any kind of savings in traditional currencies, stocks, precious metals ....
A simple example, the cents of Steem dollar $ that today can win by this publication who says that tomorrow after 15 or 20 years could not be revalued to pay the bills of the month?
Maybe I could even retire a lot sooner ;-)
I hope this publication has pleased you, even more, I hope this one makes you think.
In future publications I will help you understand concrete retirement savings strategies offered by banks and insurers today and look for better alternatives with the criptocurrencies.
A hug and see you soon.
If you liked, remember to vote for me and collaborate in my future retirement! ;-)
This is an excellent post, I just turned 40 and have been putting money into a Roth IRA for the last 4 years. Also have life insurance and buy some crypto every week on my own with any extra cash.
Well done !!
Don't forget follow me for next post where I explained how to get more incomes and better strategies to invest.
Good thoughts. Feel free to see some of my recent posts on Bitcoin exposure in IRA's and stock accounts. Just another alternative to investing directly in Crypto's. Upvoted:Following.
Thanks @mikeflow !
I follow you now !!
This post recieved an upvote from minnowpond. If you would like to recieve upvotes from minnowpond on all your posts, simply FOLLOW @minnowpond
Very good post sir.
Retirement is relative.
Yes, It depends how much money you need for life, how much money have you saved and if you enjoy spend your time working or doing other activities
This is a noble idea. I wish the youth could take heed of this advice.
Yes, I am dedicated to teaching financial education to the young and old, it is true that the sooner we learn to save and invest before we can retire and have a safe life and a good economic level
Need more details from you. Email :mjmhangami1@gmail.com
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simply FOLLOW @omarfarukjafree
Done
Good post. I am saving for retirement