Would you be OK to receiving pension?

[AbdiJohnson]

If you had to personally contribute $500 a month til you reach the age of retirement at 55?

I am,

Abdi "Would you sacrifice today for tomorrow?" Johnson

[sovlsworn]

Why would one need that much money at 55?

[EvolSyawla]

The problem with this is that I feel I can't trust pensions. I've heard so many horror stories about the government not returning what is owed, having it confiscated from CRA, etc. I would definitely sacrifice today for tomorrow, but only if I know without doubt I'll have that money when I retire...and not in the CRA's clutches.

[Grant]

If this is all voluntary, why wouldn't you just invest that rather large amount in a good mutual fund?

Social Security in the US is not voluntary, and the retirement ages are creeping up. These days, you don't get full benefits until age 70. Even then, you need a supplemental something. What you do should depend on where you intend to retire, and with what......

[Adali]

No.

I will position myself between a woman's open legs and make my investment for the future.

[Octavius]

Depends on how much $500 is as a % of my total income, what the benefits of the pension are, alternative investments etc.

[SomaliRoyaL]

Or else, here is a good idea, that is if you are still young, try and make millions right now. By any means. Other wise, well, you are a pathetic lame cow who will probably die in poverty irrespective of how much you put asside for your "retirement."