Yeah but the FO is way too excessive. This man will likely be homeless when he retires or end up working at a 7-11 into his 70s at this rate. All for seven bucks.
This was presumably just some government-job-specific pension. Japanese law requires paying into a pension scheme so it is doubtful that this is all he had. We also have iDECO and NISA which are like IRA/401k systems.
Yeah but the FO is way too excessive. This man will likely be homeless when he retires or end up working at a 7-11 into his 70s at this rate. All for seven bucks.
This was presumably just some government-job-specific pension. Japanese law requires paying into a pension scheme so it is doubtful that this is all he had. We also have iDECO and NISA which are like IRA/401k systems.
Following the 4% rule (not sure how applicable to Japanese investing this is), $84K would yield ~$280/month. Hopefully this isn’t all he had.