I Want To Retire. I Can't. Here Is Why.

Share
Embed
  • Published on Mar 13, 2019
  • Retirement was a reality for most middle-class people in the early 1990s. This documentary that I made back then has become American "history." I made it about a time that for most of us, including me, doesn't exist anymore. There is no retirement for me and millions of people like me. So this film is now a vision of something that didn't happen for most and didn't happen for very long in American history. #retire #retirement #401k
  • Film & AnimationFilm & Animation

Comments • 46

  • Curtis Stewart
    Curtis Stewart 3 months ago +1

    As a 62 YO and having put enough back to last 30 years not including SS my quantry is staying occupied for that time. I am realizing my ability to do tomorrow what I did yesterday is not happening. My work has always been physical but the reality is I cannot do it. It requires a change in my mindset to a new reality.
    I am working on that right now. To my FRD of 4 years 5 months I have to completly change my mindset. Thirty years will be a long time.

  • Necron99
    Necron99 4 months ago +1

    I retired as a DINK: double income, no kids.

  • MyBorders MyChoice
    MyBorders MyChoice 9 months ago

    Wtf is the point of life if you just end of rotting away slowly in some shitty nursing home shitting yourself without any dignity, the world world wanting nothing to do with you, in fact it will actively do everything it can to sweep your existence under the rug?
    I would rather pull the plug 20 years early than suffer such a decrepit smelly existence.

  • Victoria Taylor
    Victoria Taylor 10 months ago +2

    They arent kidding here, wow, if you think you can retire and live on Social Security benefits alone. Youre very mistaken. You have to have savings, and other retiement options. No way can you live and have a decent ordinary simple life , or expect to live on what you had been making, at your regular job, my sugesstion for anyone would be save ,save save, and start at a young age ! Because believe me, youll need every penny and more, just to live a halfway normal life. To pay your house pmt. Light bill, and still be able to buy groceries. They are going up everyday, that alone will eat up any savings you have. Boy, if I would have only known this forty years ago. I would have saved every penny I could get my fingers on. And pray you dont end up sick, & too ill to work or in a Nursing home. Its scary. My husband is still working, and no end in sight. If youve got thousands and thousands of dollars, it all can be gone, in three or 4 years of being in a nursing home. I know, my Great Uncles went through that. Took all of their savings, and they had alot of money saved. At the time of their death, they were almost penniless. Thank God they had life insurance. And that was back in the 90s Prices have tripled since then. Social Security helps a little, but not near enough , so.What is the solution ? Or is there any. I feel sorry for people with no savings, how do they live, on what they make from Social Security. I was a stay at home Mom, sooo that didnt help our situation. But I believed that being a stay at home Mom, was the best thing I could do for my children.

    • Kelly Hudson
      Kelly Hudson Month ago

      I don’t know about the US, but in Canada, if you leave the workforce to raise children, you can apply to CCP to have that time off counted, so it’s the same as if you worked.

    • Kelly Hudson
      Kelly Hudson Month ago

      My parents became ill, my father with Parkinson’s with dementia, then my mother with dementia. We moved them in with us. They had $250, 000 in savings, and decent pensions. They spent $40 k of that to build on to our house. By the time they were gone, there was $12,000 left. They had no life insurance.
      Before they died, they each reached a point where they had to go into long term care. It was devastating to watch them slowly be stripped of their minds. You grieve everyday. For a decade. It’s horrendous.
      My conclusion is you either have to be a millionaire, or have hardly no income. In long term care, it was set up so patients had approximately $150.00 / month for haircuts, etc. Patients who had only one small pension received the same care as those who had money saved, and good pensions.
      I believe it has improved slightly re finances, but our healthcare is now 30% privatized. The one percent robber barons are swooping in to no one’s advantage.
      The thing is, if you are destitute, you will receive equal care, so you may as well enjoy anything you have tucked away while you can enjoy it.
      Just my opinion.😊

  • Kenneth Lucas
    Kenneth Lucas 10 months ago +1

    I'm now 60 and guess what?.......SUPRISE! YOU BABY BOOMERS HAVE BEEN BENT OVER (without vaseline!)!!!

  • Railroad,Preserver,2000
    Railroad,Preserver,2000 10 months ago +1

    My grandmother on my fathers side is retired and travels and sometimes I travel with her and I enjoy it very much and I'm worried I'll never get to travel after she's gone

  • Shiba Fan
    Shiba Fan 10 months ago

    Ok, I just found out that employers have to match our SS contributions. No wonder they keep bribing politicians to get rid of it, as it affects their bottom line.

  • Casper Skitzo
    Casper Skitzo 10 months ago

    I dont do shit no job nothing . #lifehack #retirement2019

  • dog person
    dog person 10 months ago

    That's why never making fucking kids and of course never getting married keeping my money that's for damn sure

  • Adlin Ling
    Adlin Ling 10 months ago

    We work >45 years to finance about 18 years of retirement.

    • David Hoffman
      David Hoffman  10 months ago

      not me. What you are saying sounds pretty good. I would have done it.
      David Hoffman-filmmaker-independent is the key word. Never worked for a company

  • Louie And Tommy's Discount Editing Palace

    Every video you upload is just interesting as hell. Thanks for doing what you do!

  • Helaman Gile
    Helaman Gile 10 months ago +1

    Did you make this video

  • Helaman Gile
    Helaman Gile 10 months ago +1

    That pouting face

  • mike smith
    mike smith 10 months ago

    Shit. Sorry you didnt save for the future, dude.

    • Shiba Fan
      Shiba Fan 10 months ago

      Wow, that sounded really snarky and rude.

    • mike smith
      mike smith 10 months ago

      Life moves too fast for savings. Lol

    • David Hoffman
      David Hoffman  10 months ago

      Me too Mike. When I was young, I just didn't get it.
      David Hoffman-filmmaker

    • mike smith
      mike smith 10 months ago

      Shit... I forgot to, too.

  • Rich
    Rich 10 months ago +6

    In a way this will keep you living longer. I worked in a retirement home for four years. During that time I observed many people retire, then lead a sedentary life style. They became lonely and a good many became alcoholic's. They also tended die a year or two after retirement. Staying moderately active by working keeps the mind and body healthy and prolongs life. That's my observation.

  • Shiba Fan
    Shiba Fan 10 months ago +15

    I'm 57, and will probably work till I die.
    And now, this week, Congress voted to cut Social Security benefits. I foresee a lot of the elderly dying in poverty, or on the street.

    • Kelly Hudson
      Kelly Hudson Month ago

      Solowolf Isn’t it great we can all speak and discuss our opinions with decency and respect in a democracy? 🔥

    • Solowolf
      Solowolf Month ago

      @Kelly Hudson keep dreaming kid. You haven't a clue how money works.

    • Kelly Hudson
      Kelly Hudson 8 months ago

      MisterTwister In Canada, and most other democracies, cradle to grave safety nets are in place. College isn’t free here, but we are working on it. I’ve been watching and learning about the US since your last election. All I really knew about the US before that was , as a snowbird, we had to be mindful of tipping more than the 15-20% we do at home.
      It’s been an education . I don’t know how your government gets away with not providing social programs with your money.
      I’ve had around 10 surgeries, with the associated doctor and specialist appointments, the tests, and follow ups. Free.
      I retired at 40, on disability. Then there are 2 government pensions, the CPP ( Canadian Pension Plan), capped at roughly 1500/mth, and at 65 , the OAS (Old Age Security) kicks in, around $450/mth. So there are 3 pensions.
      My prescriptions aren’t fully covered. I pay $15/ script.. my husband worked 40 years, so he has a much higher company pension.
      Every time we elect a Conservative federal government, they try to cut social programs. Then, when the Liberals are elected, we are prevented to a certain respect, from progressing fwd, because the ground we lost to the Conservatives must be reclaimed, and the deficits Conservatives run up have to be fixed.
      But the main thing is, it’s your money. It does not belong to the government. And they are there to serve you, not rob you. It’s been a long time since your huge corporations have been broken up. Your unions are almost nonexistent. Well, we have a problem with union breaking too.It’s just not as bad.
      You could have elected Bernie. That “socialist” word Americans are programmed to hate? All it means is having decent safety nets, and more of your taxes spent to take care of people. The American people have been lied to, and conned, for a long time.
      Look, Canada is a country larger than the US. With a population that of California, we manage to keep roads paved, all of which heave with the changing of the seasons. We don’t have private banks. They are privately owned, but there are only five major ones. They are not allowed to fail because of laws. We don’t spend a lot on defence, partly because we depend on your country. If we were invaded , the US would protect us in order to protect themselves, plus, we have no real enemies.
      We like to say Canadians open their arms to refugees because we are humane, but IMO, humane is true, but so is the fact that the numbers don’t lie, and refugees thrive financially, bringing in additional revenue. We don’t try to force them to assimilate, so they often build their own communities. More Canadians than I care to admit grumble about refugees. But maybe both of our countries need to ask ourselves why so many people are fleeing war torn countries. Who is really invading countries, and creating refugees in the first place? The answer isn’t pretty.
      Anyway, I’ve rattled on long enough. But my main point is your country belongs to you. If you don’t change your government, nothing will change for the better. I’m not trying to boast, but it makes me mad to see how America, a very wealthy country, treats her people with no respect, and with indifference. I hope I didn’t come across as being crass. I know I am often blunt. I don’t mean to be, it’s just my personality.🙃

    • MisterTwister
      MisterTwister 8 months ago

      Jerry Atrix No sir, I’m not a quitter. Best of luck

    • MisterTwister
      MisterTwister 8 months ago

      Jerry Atrix See ya 👋

  • Gerry Ouma
    Gerry Ouma 10 months ago

    This is really eye-opening. Thanks for the upload.

  • TheRikivip
    TheRikivip 10 months ago +2

    Here waiting for the interview of the pc genius

  • Mattyphatsacs
    Mattyphatsacs 10 months ago +13

    This is real RU-clip gold. Thank you Mr. Hoffman🍻

  • Tyler Johnson
    Tyler Johnson 10 months ago

    Pin this comment

  • Feld
    Feld 10 months ago +21

    I doubt many people from my generation age will even get to retire. Wish I was born in the last century.

    • Josh James
      Josh James 8 months ago

      @Feld Hahahaha why are we laughing and what do boomers have to do with anything?

    • Feld
      Feld 8 months ago

      @Josh James Hahaha boomers didnt have to worry about any of that.

    • Josh James
      Josh James 8 months ago

      Not if you rely on the guv'mint to prop you up, no. There are plenty of opportunities available for younger people to start and maintain retirement funds, though, including Roth IRAs and 401ks. My best advice is to start automatically withdrawing what income you can spare from a very young age and never touch it or look at it. (If you say you can't spare a dime, I call bullshit and recommend re-evaluating your spending habits. The average American spends 18 grand per year on shit they don't need. We could all benefit from taking a long, hard look at wants vs. needs but that's a whole other situation.)

    • Helaman Gile
      Helaman Gile 10 months ago +4

      We are here for a reason and we should be ready to fight for our freedom we have access to so much information yet so in the dark

  • Ryan Donalds
    Ryan Donalds 10 months ago +27

    Your videos are genuinely somthing that bridge the gap of generations for me. Im a generation Z teenager but seeing these videos with real perspectives of baby boomers is constantly somthing I look forward too. Thank you for uploading your content to RU-clip for people like me to understand more about the people that came before us :)

  • Chawklet Studios
    Chawklet Studios 10 months ago +1

    First!