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Healthy Savings, No Debt, But Still Worried About Retirement

Monday, June 3, 2013 - 7:24 AM
“My horizon is no longer 25 years. If we have another stock market crash and the Dow goes back down to 6,000, I don’t have the time to recover. I would have to work until I die, and I don’t want to do that.”

Certified financial planner Delia Fernandez, who reviewed the couple’s financial situation, said that feeling of vulnerability is common among baby boomers, who have had their confidence rocked by the volatility of the stock market.

Healthy savings, no debt, but still worried about retirement | www.mystatesman.com
7
ShorebreakShorebreak2,607 posts since
Apr 6, 2010
Rep Points: 14,126
1. Monday, June 3, 2013 - 10:02 AM
I do no have the temperment for the market. I was in the market for a short period of time from 1996 until Dec of 1999. Could not sleep and was watching the news every day for the result of my mutal funds. I took everything out. So glad of my decision. Read about Ken in the Wall Street one day at work and thought when I the internet came to the area I lived that I would go to his "bankdeals" site.  Neighbors about a mile away could buy some kind of card from K Mart and get dial-up internet for a few minutes each day. I will never get in the market again. I will take what I can get from long term CD's and live frugally. I retired 5 years ago and bought a new energy efficient home closer to town and I cannot believe how cheaply one can live and still do a lot of interesting, fun and still do charitable volunteering and have a fulfilling life. I live on less than $20,000 (but do not have to) but do not do much traveling. I watch the grandkids a day or so a week to help out my children, I take the children to parks, $1 store, have picnics, fly kites, go fishing, go to Lake Michigan out on the pier with an ice cream cone and watch the sun set, go to the airport and watch the planes land. I play bridge with my friends, have a yearly slumber party with my girl friends from school and have a fun weekend together, have a monthy lunch with my husbands and classmates, have friends over for a night of cards or games or a night of discussion. I live in a college town and there are many plays, concerts, lectures to go to. In the summer there are many free concerts in the parks. Life is fullfilling, exciting and wonderful. 
8
Ally6770Ally6770911 posts since
Jan 16, 2010
Rep Points: 2,649
2. Monday, June 3, 2013 - 1:29 PM
Rosie43 said:
 have a monthy lunch with my husbands and classmates,  Life is fullfilling, exciting and wonderful. 

Perhaps it's those multiple husbands that add to the excitement? ;<)

 
6
StewieStewie56 posts since
Jan 18, 2010
Rep Points: 318
3. Monday, June 3, 2013 - 1:42 PM
Should have added an  '. Sorry. Thanks for letting me know of my incorrect posting. 
2
Ally6770Ally6770911 posts since
Jan 16, 2010
Rep Points: 2,649
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