Tfw dad just signed up for a reverse mortgage

>Be boomer
>Gotta keep up with the Joneses
>Oh shit, no money for retirement
>Oh shit, I worked in the private sector and don't have a pension
>I can sell my house back to the bank for a few thousand a month + social security
>I get to stay in the house as long as I like
>What do you mean you will never afford a house, son? Stop being an entitled prick!

Why should they give a shit. They will be DEAD.

Why would they have kids in the first place with that mindset?

Because they are alive.

It’s where the bank buys their home back from them (often below market value) and makes monthly payments to them while they live there. When they die, the bank gets the house. Old people do it to have monthly income in retirement.

>spend half your life paying interest to build up equity
>spend the other half losing equity for a diminished return

Unspeakably dumb

and you where once DEAD and now your ALIVE and then youll once again be DEAD and then you will be ALIVE again, see how this game works?

Boomers are so much better than you younger generations its not even funny, and their parents were orders of magnitude better again. The only thing you little shits were ever good for was operating the VCR.

No, that's not how things work.

explain?

If you suspect that the universe is infinite in any way, that is in fact how it must work.

slave mentality

Thank y'all for the info. That's brutal for the kids afterwards, but sounds like a sort of social safety net for the parents if they don't have any wishes to pass it on.

Seems like banks can make a killing doing that. Getting a house at 10-30% its networth.

Yep, old fucks also like to sell their homes/take out equity to pay for medical procedures. It gets to the point where they have nothing left and die.

This is mainly an American problem. Bunch of retards that fell for the "muh America" meme and think that prosperity is this infinite thing and it won't ever stop. Someone beat these people over the head with an Economics book, please.

Earn your own way you little shit. Your dad is a retard as well for taking out a reverse mortgage, much better options available to utilize a homes equity for income.

You forgot the part where boomer either inherited his house or bought if for 5k from the summer job.

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It's unfortunate that medical procedures cause people to lose what they're worked for and not pass it along to their progeny. Seems like a great way to shrink the middle class.

>t. coping NPC boomer
Congrat, you have been a good stupid goy your whole life, you basically enabled the antichrist you faggot.
Kys and go rot in hell

Boomers are the perfect zogbot the kikes never ever dreamt to own one day. They advanced the protocols & sabbateist and frankist agenda by a whole century all alone.

Lol, just no

We have lots of religions and some have been more theologically discussed than others, but if there is something going on it could be weird as fuck and have no human sense at all, I'm a christian btw, read Hegel philosophy of religion

Boomer cope

It's a hidden cost of privatized healthcare that people don't think about.

Also, healthcare is the #3 killer in the USA.

Us 90-95 Doomers will rebel and die, but I bet the 2008-2019 zoomers will be the second wave boomers all again

It's exactly what's happening with my brothers. I've an ironpilled and nazipilled doomer bro i love and a retarded fornite zoomer one who don't give a fuck about anything but vidya, he's so dumbed down he barely can formulate a proper sentence.

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My grandparents literally burned through 100% of their inherited wealth from my great grandfather, leaving nothing to their kids, lost their mansion, etc.

I'm 100% positive my parents will be homeless when they retire. My eldest aunt is homeless/living in some kind of home or some shit for poor people with tons of other poor people. None of them are financially literate.

I've already accepted I won't get a dime from my family and I'm cutting ties with them, changing my last name to assume my own legacy.

'93 reporting in.

I'm preparing my very own Ruby Ridge but I'm not going to make it easy for them

Jow Forums is our propaganda machine to indoctrinate zoomers into fighting our wars, by the time we are in power, we will be the old fucks running the government.

But look at what they did give you: Ethnic restaurants, radical feminism and Social Security which will run dry before you turn 40. Seems fair to me.

neither do we, literally. Even if they put us through Uni. Being a parent means pouring your material wealth into your sprogs and getting nothing in return besides someone to talk to in your old age if you were nice enough.

Same, no one has ever asked to be born or was a helpless kid due to their own fault. Parents who don't have a material legacy don't deserve a genetic/social one either.

Seek God, society and other people will never redeem you

>I've already accepted I won't get a dime from my family and I'm cutting ties with them

Will be the same for me. They were relatively wealthy until they fell for the
>"you only live once goym"
>"there is nothing behind the curtain goyim"
>"be yourself, travel around the world to impress your faceberg frens with pictures you take from your Acapulco 5 stars palace's balcony with a stupidly expensive cocktail in hand goyim"
>"discover the diversity of the world by going in every identical Accord motel in Le Corbusier kike design stylised capitales with cubic skycrappers everywhere goyim"
>"discover your inner self and take expensives yoga lessons with a private teacher, namaste goyim"
>"Your children are about to leave the nest? What about taking a 25y loan for an even bigger house you don't need goyim? you must think after yourself now, only your pleasure count"
>"i know why you don't feel fulfilled dear boomer, you TV screen isn't wide enough, how could you properly enjoy talmudvision with a 120cm?"
They literally blow up all their money on stupid vacations and worthless chink shit. It's fucking depressing and patheticat the same time. Nihilistic consumerist atheism is really ravaging their brains.
I tried to redpill them for years but they give me the fluoride stare each time or the angry NPC noises when i speak about the kikes. The brainwashing software is too well implemented, it's like when Morpheus explainto Neo you can't unplug boomers after too much time because they will resist reality with all their force to remain in their boomer peace&love dystopia.

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I'm curious to ask my dad and an uncle as they are docs about this.

I'm not surprised. I recently heard that medical mistakes kill 250,000 people a year.
That's nuts. If you had even just dozens of soldiers getting killed every day in combat for a year, the US as a whole would flip it's shit.

That's not even counting how many lives are ruined...I've met a girl in my one of my courses that was paralyzed thanks to a doctor fucking up. (Not a surgeon).

Another example, my molecular biology professor told me a story of how he took his son to a doctor for a cough that had lasted a month. The doctor did not take any tests and simply stated it was whooping cough because she could "feel it". Well, the story was he was 100% positive it wasn't whooping cough and forced them to test it.

Another story he gave us was his mother-in-law having an unnecessary procedure done on her that caused her to have a cardiac arrest.

So many brainlets in medicine.

>gibs me your monies
>boomer goy redpill hurr
Dumbest generation yet. Can't do anything but bitch, spout memes, and complain about having too easy a life.

The boomer/gen x was hooked their entire lives to the Koshervision. No wonder their brains are useless for anything but repeating jewish slogans. Their entire house centered around the TV, basically a life of worshipping media. They were born into slavery, and will die happily wearing their chains without once second-guessing the all powerful serious man on the boobtube.

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At least we're not driving uber/lyft because we didn't save for retirement lmao.

This is a secret I got from rich people... only 10% of doctors are good. Seek those doctors out. Any moron with a bottle of adhd medication can pass med school......

You'll be sucking off gender fluid trannies because you spent your money on yeezys

Kys degenerate.
If I give my kids any less effort than my father did for me, I would have failed at life.

Rather be sucking my gf (male) than driving uber/lyft.

Effort /= giving your life savings to ingrates, you dope

cool story

It's not that difficult to invest money to generate passive income that allows you to afford healthcare, food, shelter, and entertainment when you retire, and then pass on the passive income generating wealth to your children.

If you can't get that through your head, you are clearly an NPC.

There is no free lunch you entitled zoomer.

...

And if it is not that difficult then why don't you do it yourself instead of begging for a handout?

I need my fucking coffee and avocado toast to make it through the day and how the fuck am I gonna make it by working at starbucks all my life?

>i-if you don't give me the wealth you made y-youre an npc
There's that meaningless meme spouting again, that doesn't work in in the real world.
If it was that easy to generate wealth then I guess you don't need to screech for someone else's money, huh?

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Lol see once you realize you're greedy and incompetent you just repeat meme bullshit

I've already stated I'm building generational wealth, the means I aim to do so, etc. Time and compounding interest is the name of the game niggers.

no you didn't, and your entire 'wealth plan' is a savings account lol. I'm sure when that gets you rich you'll immediately give it away right?

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You just realized you're a dope and what you expected from your parents is stupid

Nah man, I just know you're shitposting.

Nope, you're just dumb.
You're totally going to amass wealth and then, instead of enjoying what you earned, give it to your kids and move into a nursing home and leave them alone to live their lives with the money you made for them.

Come on man, that's a really weak bait.

How can you be so arrogant? Let them spend it ffs, they earned, it not you!
For someone with your attitude, the inheritance money is stopping (you) from becoming an adult.
Grow the fuck up! Once you have slaved way wagecucking to raise some shitty little kid (you) want you enjoy yourself. LET THEM
t. parents are spending ~$100k of holidays annually.

Yea that's the ticket, b8. It's not what you literally advocated for in this thread. You're totally not just trying to get the last word in because you realized I'm right.
If you don't do that it's because you're a dumb greedy piece of trash and your family should disown you. You're not working for your wealth, but generational wealth. You understand you shouldn't actually have what you spent a lifetime earning, its not for you, its for the well adjusted grandkids you'll have. What's yours is a dorm room in an assisted living center with a couple of roommates.

>gief monies plox
Fuck off leech. they wouldn't even get gratitude back from them due to you thinking they owe you.

Listen newfag, you can see my other posts if you click on my ID. It will highlight my other posts in the thread for you to read. If you're not shitposting, I can only assume you're underage, new, and/or a retard who knows nothing about finance.

Yea I can see your posts, that's how I know you're a shitbag

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Good, my parents will be on the streets and I won't care. That is the price they will be pay for being irresponsible children in grown adult bodies.

Leave 'Merica if you want to die with some money left! Hospitals are expensive! Its not your grandparents/parents fault they where brainwashed into thinking that 'Merica is the best place in the world. You have grown up with internet, you SHOULD know better. Bet you still live in that shithole police state!

'Merica will look like Mexico by 2050.

Good one.
I doubt he's American. This guy thinks saving accounts are something magical that no one knows about, and seems amazed that a doctor ran tests on someone sick.

> tfw background in finance
> tfw 500k net worth
> tfw educated my mom about investing, optimizing her mortgage, taxes etc. and she actually listened
> tfw I now manage most of her pension (~$1MM)
> tfw she owns a 600k apartment
> tfw she owns 50% of a 200k family vacation house
> tfw she has started putting money into stocks besides her pension
> tfw she plans on buying her own vacation house within 5-10 years
> tfw when she “wants to leave something for me and my sister when she’s not here anymore”
> tfw dad is terrible with money but I convinced him to buy a house
> tfw dad has a solid pension plan
> tfw when dad has started asking me about investing out of nowhere

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Clearly, your American education is failing you since you have 0 reading comprehension. Nowhere have I even mentioned a savings account.

Based & redpilled, fatten those whales up.

Its already headin that way! Get out of that shithole now! renounce!

Na hes a mutt
1. hes fuckin dumb
2. hes arrogant
3. worried about sheckels, this is mutt problem as no money = shit life. like 3rd world shit!
4. he mentioned private healthcare

Lol ok 3rd worlder

My dad did this and as a result he lives with us and we provide for him in return. Ironically the ones who never gave back to their kids are usually the ones put in nursing homes or some even die broke and miserable.

>put in nursing homes
Nah that's what the greedy shithead kids do, as this thread is evidence to. People who got raised a little too well, got a little spoiled and turn to pick at the bones of their own while screaming da joos are the cutthroat untrustworthy monsters.

Noone chose to be born. The fact that the parents had the choice to set up generational wealth and they chose instead to squander it, forces their kid to live in poverty. That's fucked up for boomers to do. And that is what they are doing with social security, pensions, wage freezes, everything. They say it's theirs and young people have to work for it. They didn't work for shit. They didn't have it nearly as hard as millennials. Wake the fuck up.

You didn't choose to be born but you chose to continue living. You are not entitled to anything you lazy cunt.

Back to your communist subreddits you shitbag

You are right, but if I get the same opportunities as boomers, I will not squander that for my children. I would help them to live an easy life so they can improve on the world instead of merely struggling and me saying, "buck up shitbag ya lazy cunt" from my retirement which, by the way, comes from a guaranteed Pension, social security, and 401k. Three things not given to workers these days that boomers never worked for. They fucked it up. Importing workers for cheap labor to funnel profits to the top. Cutting these future benefits. Gotta hustle kid, fuck you old man you paid for college with a summer job bussing tables. Fuck you.

Those benefits are communism pension, SOCIALISM Security. Fuck you. Boomers are doublethink socialists calling the kettle black. I fucking hate boomers

Holy fucking shit

As long as they don't leave debt behind for you to pay, how do they force you into poverty you ingrate. You have no responsibility for your own actions?

Never said this before in my life but I hope you kys, you don't deserve to live

Holy fucking shit. Take a look around. How many pensions do you see? How long until SS benefits run out? Where does the money for raises go? It all goes to boomers. Boomers are the ingrates. In grateful greedy shitheads who didn't care about the future. Don't shoot the messenger. If you don't see the effects of boomers' petulant greed now, you're lucky. All I see is no good jobs, no raises, school costs going up, and boomers calling millennials ingrates. Shut the fuck up and die already! Nobody needs you! Old fucks are leeches on society. Wisdom comes from hard work. Noone in the Boomer generation has any fucking wisdom. That's why we are where we are. They bitch about gibs when my social security money is going to their golf game. Old fucks all of them who don't deserve shit.

Why not just sell the house for full market value and rent until you die while keeping the money you made from the sale in a stock/bond portfolio

holy fucking BASED boomers working the zoomers into a seething outrage and making BANK at the same time

checkmate

>I'm not surprised. I recently heard that medical mistakes kill 250,000 people a year.
>mistakes
bruh

because boomer pride

lmao because they get nothing out of that and it's easier for them to not have to ever work again by just basically selling your inheritance 15 yrs before they die

have fun in the shittiest retirement home possible with no visitors ever