tag:blogger.com,1999:blog-1612723675235897790.post5871225630611507767..comments2023-10-19T14:41:31.919+03:00Comments on Finance of a Russian Girl: An Indian RestaurantOlgahttp://www.blogger.com/profile/05166863557205039767noreply@blogger.comBlogger6125tag:blogger.com,1999:blog-1612723675235897790.post-29525576278193397862007-07-05T18:46:00.000+04:002007-07-05T18:46:00.000+04:00Thanks Olga for the explanation. Hey, at least you...Thanks Olga for the explanation. Hey, at least you know more about Russia's retirement system than me.<BR/>:)GoldnSilverhttps://www.blogger.com/profile/12309612998197956197noreply@blogger.comtag:blogger.com,1999:blog-1612723675235897790.post-61719615679280784782007-07-05T01:10:00.000+04:002007-07-05T01:10:00.000+04:00GoldnSilver, I'm sorry for the late answer.In fact...GoldnSilver, I'm sorry for the late answer.<BR/><BR/>In fact, I probably shouldn't blame T. much, because our retirement system is now in a transitional period, and few people know exactly how it works. Admittedly, I don't know some details either. Maybe I should run a post about it. It could be a good opportunity to research about these details.<BR/>In short, our current system divides people into three age ranges: <BR/><BR/>1. Those who are already retired. They probably worked in soviet times or in "wild nineties" and haven't saved much. They usually get a fixed monthly amount, or pension.<BR/><BR/>2. Those who still work and were born before 1967. When they are retired they will get a small fixed monthly pension and money like Social Security. The amount of the latter depends of how much the person has worked and his or her salary.<BR/><BR/>3. Those who were born after 1967 get a lot of possibilities. First, they will get this Social Security analogue. Second, they have about 4% of their salary (I haven't figured yet if it is after- or before-tax) subtracted and moved into retirement account. Then he or she can choose the investment company that will manage this money. It's possible to subtract more money. It is now said that the government is going to match 100% of the money contributed to a retirement account, but it doesn't do this yet.Olgahttps://www.blogger.com/profile/05166863557205039767noreply@blogger.comtag:blogger.com,1999:blog-1612723675235897790.post-90519845560584869252007-06-28T06:57:00.000+04:002007-06-28T06:57:00.000+04:00I agree that most people our age (I'm in a univers...I agree that most people our age (I'm in a university in the U.S.) don't want to think about finance. I once said something about not wanting to go shopping for new clothing with friends because I preferred to save the money. They asked what I was saving for and then looked at me like I was crazy when I mentioned a down payment for a house. They didn't understand why I would deny myself today for something perhaps a decade in the future.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1612723675235897790.post-55315063756724462132007-06-28T05:19:00.000+04:002007-06-28T05:19:00.000+04:00Talking to people about financial resonsibility is...Talking to people about financial resonsibility is pointless.<BR/><BR/>My roommates were complaining about how I don't party enough. I said that I was saving my money. They asked what I was saving to buy. I said I was saving for a comfortable retirement. Never mind how confused they were at my response. Focus on the question. In this world, you don't save money for a secure future--you save to satisfy an immediate want. Tut Tut.Anonymousnoreply@blogger.comtag:blogger.com,1999:blog-1612723675235897790.post-56142478005672368812007-06-27T16:30:00.000+04:002007-06-27T16:30:00.000+04:00I am curious, how does retirement savings work in ...I am curious, how does retirement savings work in Russia? I mean is there something similiar to U.S 401K or IRA? Or Russia's citizen receive pension from the gov't upon retirement age?<BR/><BR/>Yes, you can't help someone that doesn't want to be helped.GoldnSilverhttps://www.blogger.com/profile/12309612998197956197noreply@blogger.comtag:blogger.com,1999:blog-1612723675235897790.post-9077881838116820652007-06-27T03:33:00.000+04:002007-06-27T03:33:00.000+04:00Yeah I too find it frustrating talking to friends ...Yeah I too find it frustrating talking to friends about finances because they generally don't want to hear what their bad spending habits will do to them in the long run. :(<BR/><BR/>Also...YUM! I adore Indian food. Glad you had a good dinner!krystalatworkhttps://www.blogger.com/profile/13549147846423300947noreply@blogger.com