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Alsadius comments on Why is it rational to invest in retirement? I don't get it. - Less Wrong Discussion

20 Post author: diegocaleiro 16 May 2013 01:28AM

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Comment author: drethelin 16 May 2013 06:15:29PM 2 points [-]

Saving for retirement is the traditional conscientious young person thing to do. It doesn't make any sense if you believe in radical life extension or uploading or the singularity (assuming it's within your lifetime). As medicine and technology increase, retirement age will stop even being a thing, because it won't make sense to stop working at 65 and then live 65-650 more years.

On the other hand, investing to maximize your long-term income and wealth potential makes a LOT more sense than saving for retirement. Basically: saving for retirement is like taking the sure 450 instead of flipping the coin for 1000.

Comment author: Alsadius 17 May 2013 08:09:50AM 3 points [-]

investing to maximize your long-term income and wealth potential makes a LOT more sense than saving for retirement

I get that the tax structuring in some countries makes the two seem like different things, but at least where I live(Canada), you can pretty freely relabel "retirement" money as "stuff I want to buy" money. (You pay tax on withdrawals, but given that deposits are pretax, it's usually a wash). Savings made "for retirement" can easily be used differntly if medical technology does advance that far. If it doesn't(which is my expectation, sadly), then I'll still be able to retire when my body turns to shit.