Quote:
Originally Posted by lewdog
Delayed yes, but if you stay in the market, within 5-6 years you made it back. And with investments, it's not like your taking out all your money out exactly when you retire. You draw it down very slowly so even a market crash like 2008, you could have still done it and came back ahead of your previous high.
We really have no choice though, those of us without pensions that is. Liquids savings just gets eaten up by inflation much too fast to be a retirement option. And those under 35 should not even worry about social security. It's all on you to retire.
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There were beatdowns in the market in 2001 and before which affected most people in their late 50's early 60's now. I remember a time where people were told save intelligently in a savings plan, own your home (some even called your home equity your "nest egg") and you will be set. Not anymore....
I fear for my kids more than myself these days......health issues (and watching the Chiefs & Royals) will probably get to me before my money runs out.