RetireJapan

RetireJapan wrote: ↑Mon Feb 08, 2021 8:02 am My wife's accountant dropped by today. He's a nice guy, so I asked him some questions about what happens with unemployment insurance, etc. as my contract will end in March 2022 and will not be renewed, as per the latest email from my boss

After he answered them, he seemed worried so started giving me advice: my wife only pays into kokumin nenkin, so she'll only get around 70,000 yen a month in retirement. I should try to get another job quickly, otherwise we'll run into financial difficulties. Perhaps I could get a job as an ALT or something? I told him I was planning to freelance and sponge off my wife after my unemployment runs out

The guy has no idea about our financial situation. I guess it's easy to assume we don't have much: I dress kind of scruffy, my wife is a normal small business owner, we drive old second-hand cars etc.

But we've been steadily putting some money away every month for years. Millionaire next door style.

adamu wrote: ↑Mon Feb 08, 2021 9:34 am Just need to add a like button to posts now

Jansen wrote: ↑Mon Feb 08, 2021 6:26 pm I'm surprised that your accountant doesn't know of your financial situation. While mine doesn't know the current value of my portfolio, he at the very least knows what's in it as well as how much my business is making.

jcc wrote: ↑Tue Feb 16, 2021 7:02 am I've talked with a couple financial planners here and they've been next to useless since they seem to only be able to work with the template of "when are you going to have kids, what kind of education would you like them to have, and how do you expect your income to grow until reaching retirement at 65/70"