Saturday, January 13, 2007
Men and Retirement
Retirement is pretty much what we men have worked for since the Industrial Revolution came about and the lady of leisure was born. Once we get our degree and leave our heady college days behind, the sceptre of "getting settled" and buying a home and a wife to put in it comes up, as well as the children that will follow to ensure us a place in society. What's left for a guy to do but pine for retirement? (Of course, women still won't let us have peace in retirement - look at Japan - now that the workaholic men are retiring and actually staying at home with their wives, all of a sudden the bitches don't want them around. Experts are also predicting that later this year, when pensions will be split up between the man who worked his ass off and the wife who stayed at home and chilled in the case of a divorce, there will be a big rise in divorces. Proof that if you want to break up families, just give the women a monetary incentive to walk.)
Now MGTOW tells us to follow our instinct and go our own way, which is great. But still, for any office worker, heck even a self-made entrepreneur, a time will come when we won't be able to work as hard.
That is what savings and retirement are for. This post was precipitated by the last issue of Money magazine, which I got yesterday from the library. The cover has a headline, "Why Men Get Retirement Wrong."
I flip through the magazine, read the article, and then I'm idly perusing the rest of the rag when lo and behold, here's another article which on some level proves that its not the men who should be worried about being stupid with their retirement! I'd never have guessed that the sex with the least responsibility to save and invest would not be the one admonished for not doing it the right way!
Age 50, and Far Too Little Saved. The article is about a Barbara Huarte who has evidently been self-employed and a career grrrl, and at 50, is realizing that the knight in shining armor she was waiting for has shacked up with a younger chick, and she needs to sock away some cash for a rainy day.
At 50, she has "roughly $30,000 split between a 401(k) and an IRA, and not much else." The Money article was far too charitable - it didn't go into her wardrobe, her shoe closet, her home decorations (she still rents, can you get any more stupider than that?), or her car(s).
But here's the rub - in the same magazine as an article called "Why Men Don't Know Jack about Retirement" they have the gall to have an article that looks at a woman who is 50, who hasn't saved up for retirement, and blandly say, "Well this could be you. This article is gender neutral. Her sex doesn't enter into the equation when it hurts her, but it sure as hell does when she's being an empowered grrrrl or a victim."
But man oh man, those stupid guys - they don't know jack about retirement, do they.
Posted at 1/13/2007 03:33:00 AM