Old self is greedy and wants young self to reduce the fun of their prime years by locking away money so they can sit on a big ol’ retirement fund in their older years. Of course, that’s assuming that past performance guarantees future results and that the conditions of the 401k will remain the same. What’s to say politicians don’t start applying extra taxes on 401k withdrawals? What’s to say they won’t increase the retirement age?

A lot of people can’t spare 10-15% of their income and I’m not so sure the advice is not just a ploy by 401k fund managers to squeeze out extra fees. Maybe it’s just a silly little comic and I’m taking it too seriously.

Agree a lot can’t spare it. Getting to 15% is pretty tough. You can do the math though and see that even 10% will likely make it tough to maintain your current lifestyle with inflation accounted for in the absence of active cash flow. Don’t forget when you have more leisure time you are more likely to find things to spend on and also reserves for health issues / other surprises is important too. Sorry to sound like a dad / investment advisor, but I don’t think it’s a ploy so much as the terrifying reality that most of us are under prepared for.

People need to start living well below their means, not right at them. Anyone whos lifestyle becomes tough to maintain from putting away just 10% of their income and lives from paycheck to paycheck needs to re-evaluate their living conditions. Either learn to live with less/spend less or go somewhere cheaper. Its not that hard if you never go into debt, don’t pay rent, and live minimally. Which I do admit most people are either unwilling or unable to do those things given their life circumstances and responsibilities. God help the ones that signed up for 30 years of mortgage payments at 15% interest that will take half a lifetime to pay off if theyre lucky.

“just live for free”

Unironically, yes. When you have some property thats yours and everything else is paid for you only need money for the barest of essentials in life. nonperishable food, heating fuel, plenty of water, some gas for the car, clothes, household supplies, and a good efund in case something ever happens. You have to give up a lot of modern convinence to live that way but being free to not have to work 24/7/365 just to survive is great. Sorry that the idea of such an option upsets you or sounds unrealistic.

“Just own land and a vehicle outright” I am very happy for your privilege, but this is absolutely unrealistic.

You can find a parcel of land in a rural area fairly easily for only a couple thousand dollars, maybe 10-15 k if you want some real acreage. A cheap ass used van from the early 2000s is 3000-7000 depending on how good a deal you get. Most people can get a loan for an extremely cheap van, move into it for a few months and pay themselves the 800-1500 in rent (if not more now), and have it paid off fully after a few months of work, then start saving towards a bigger nicer van or that parcel of land. Not everyone is so fortunate to do so as they have a family and kids or other responsibilities that make this path a non-option but its not privilege its proper planning and a ton of lifestyle compromises. I worked hard and saved up for everything Ive ever had and saw an unusual option that works for me, I guess that makes me privlaged?