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I lost my retirement benefits
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Retirement Planning
I lost my retirement benefits
<font face="arial, helvetica, sans-serif" size="1"><div>Wondering if you'll have enough for your retirement? Considering early retirement? These questions and much more are addressed in this investment plan, saving strategy-oriented message board.</div></font>
and believe me this makes life very difficult,had to use my savings,but thank God for social security! anyone else in this situation?
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Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:f30f5dc6-f3c4-4828-8510-fbe290ff0053
Cat:7a9899c6-bb01-48a5-bd56-e73d9d7e3998Forum:f30f5dc6-f3c4-4828-8510-fbe290ff0053Discussion:f3a7beda-db54-4feb-bf1d-e650ed4796c4
Forums » Work & Retirement » Retirement Planning » I lost my retirement benefits
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Re: I lost my retirement benefits
posted at December 23, 2012 10:06 AM EST
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Posts: 1923
First: November 27, 2011 Last: May 18, 2013 |
In Response to Re: I lost my retirement benefits: In Response to Re: I lost my retirement benefits : My brother is age 63, but lost almost $50,000 in his investments during the 8 years of Bush. It hit him hard when the market crashed in 2008. He's single, has a good job but it's very demanding at his age, but depended on SS and his investments for retirement. How many people were stiffed by the market collapse when they did everything right and responsible to save? Who can trust Wall Street as even Bush said that "Wall Street got drunk" when they were de-regulated. Posted by intersan If you were in the market when it tanked, most likely your lost money. However, most lost earnings and not principal especially if you had been investing for a long time, bits at a time. To this point, many have recovered most if not all or more. The market has more risk than an FDIC insured account via a bank but the earnings are much better. Actually with the low, low, low interest rates that have been forced upon us by our Country's monetary policy, most anything has better earnings potential. How many people here stay up on their money earnings? If only via a FDIC insured account . . . . . there are places to move it that have better interest than the corner bank, be it big or small. Your money, especially your retirement money, is like a child - you need to know where it is, what it is doing and who it is doing it with . . . . . any other way and you are not a good custodian. When the OP said "retirement benefits", that could be a lot of different things - many companies are stopping or modifying their retirement health benefits because of the PPACA - I will stick by my statement, there is no better way to assure what you have in retirement than to actually have it as opposed to a promise by any other entity. Yes, you may have those "through no fault of their own" situations but you need to plan for those too as much as you can. Life is never a sure bet.
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Re: I lost my retirement benefits
posted at January 1, 2013 12:23 AM EST
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Posts: 340
First: October 13, 2012 Last: May 17, 2013 |
In Response to Re: I lost my retirement benefits: Magic, If Social Security does go through major changes, I would hope those changes wouldn't effect those of us over 55. We have paid into the system for 40 plus years, but of course, I could be wrong. My kids are already planning for Social Security not being there for them. Good luck, my friend. Response to Re: I lost my retirement benefits : Posted by mandm84 I hope so too. I have 1 daughter, and we have set her up with some different plans. Nothing as risky as the stock market for her. 
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Forums » Work & Retirement » Retirement Planning » I lost my retirement benefits
