The Different Types Of Retirement Plans That People Can Have, The Best Type Of Retirement Plan To Have, The Benefits Of Having A Retirement Plan, And The Problems With Not Having A Retirement Plan

This essay sheds light on the different types of retirement plans that people can have, demystifies the best type of retirement plan to have, delineates the benefits of having a retirement plan, and explicates the problems with not having a retirement plan. Unbeknownst to most people, there are a myriad of disparate retirement plans that people are at liberty to follow. Most people who work real private sector jobs based on voluntary demand will never be able to retire due to lacking the requisite income to do so. In other words, most real private sector employee jobs based on voluntary demand are often lamentably deemed to be dead end, highly time consuming, debilitating, minimum wage, dispiriting, unfulfilling, undesirable, harrowing, distressful, brutally wretched, ineffably agonizing jobs that not only drain almost all of your sacrosanct time and that do not pay anything close to 1/4 of a subsistence wage for affording housing, but are jobs that also induce chronic stress, chronic fatigue, chronic burnout, an undermined well-being, and poor health. Most of the real private sector employee jobs based on voluntary demand dispossess employees of almost all of their waken hours, provides them with minimal compensation at a minimum wage, and do not provide them with any income generating assets, benefits, nor pension. Retirement is also not a viability for other types of workers who work real private sector jobs based on voluntary demand, such as gig economy workers and freelancers, since their payments for completing gigs in the case of gig economy workers and their payments for completing assignments in the case of freelancers are unequivocally not sizeable enough to allow them to afford to buy investment securities. The earnings accrued by gig economy workers from completing gigs and the earnings accrued by freelancers from completing assignments are not sizeable enough for them to even afford to obtain a real estate property to assuage their housing need. The cost of living is exorbitant in a controlled market economy. In a controlled market economy, the cost of living continues to amplify to an unprecedented height as steep inflation rates further increase the prices of products and services.