General Discussion

Squinch

(59,638 posts)

310. If you are not contributing when the market falls, you lose.

Fri Apr 25, 2014, 03:42 PM

Apr 2014

For example, I have an IRA to which I don't contribute any more because I have a work based retirement program that is a better return on my money.

In that IRA, say I have 100K. If the market crashes and I lose 50%, I now have 50K. The market rebounds, and that fund rises up that same 50% that was lost. But now I am adding 50% to the 50K. In the end, when the market rebounds completely, I have $75K instead of my 100K. The market has to rise by twice as much as it fell for me to be made whole. So there are real and significant losses.

Dollar cost averaging only works if you are still contributing to that particular fund. There are many reasons why people stop contributing to a given fund.

And don't look now, but you won't be dollar cost averaging when you are living on that IRA. So if a crash comes around when you have retired, look out.

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Do you have 1 million saved for retirement? May not be enough. [View all] leftyladyfrommo Apr 2014 OP

You need to have your retirement savings automatically deducted from your paycheck. badtoworse Apr 2014 #1

And if your paycheck would run short of expenses before that deduction, then what. hobbit709 Apr 2014 #3

Then you cut expenses. badtoworse Apr 2014 #10

Tell that to someone making $10/hr and not getting 40 hrs a week. hobbit709 Apr 2014 #13

^^This^^ Gormy Cuss Apr 2014 #21

I don't think they are speaking to that person joeglow3 Apr 2014 #47

I remember all during the 80's, 90's, 00's Skittles Apr 2014 #122

Exactly... sendero Apr 2014 #268

sad thing is, it was much easier to save back then Skittles Apr 2014 #273

40k on the east coast is nothing. phil89 Apr 2014 #327

This is why there should be mandatory pensions. You hire someone, you contribute to their pension. stevenleser Apr 2014 #116

How many people get the luxury of 30 years in one place? Ruby the Liberal Apr 2014 #157

I agree, which is why the pensions should not be tied to the employer and completely portable. nt stevenleser Apr 2014 #174

Neither are check-to-check expenses Orrex Apr 2014 #19

Scold? badtoworse Apr 2014 #44

Really? Orrex Apr 2014 #52

You're right. I should only post to the least common denominator badtoworse Apr 2014 #63

It's not your message; it's your delivery Orrex Apr 2014 #70

+1,000. HughBeaumont Apr 2014 #73

What makes you think I've never had any setbacks? badtoworse Apr 2014 #86

Your utter lack of empathy suggests that you have learned nothing from your setbacks Orrex Apr 2014 #93

I said people need to save for their own retirement and I laid out a workable strategy. badtoworse Apr 2014 #81

Your advice is simply and literally impossible for a great many people Orrex Apr 2014 #85

Every situation is different. badtoworse Apr 2014 #94

Do you live in reality? Orrex Apr 2014 #95

We see reality very differently. I don't look at things from a "can't do" standpoint. badtoworse Apr 2014 #97

You're right. meaculpa2011 Apr 2014 #200

Thank you! badtoworse Apr 2014 #203

The neighborhood bookie gave me good advice. meaculpa2011 Apr 2014 #216

I don't plan to fully retire either, even though I could. badtoworse Apr 2014 #222

On an unrelated topic... meaculpa2011 Apr 2014 #241

Solar has gotten a lot less expensive and is worth looking into. badtoworse Apr 2014 #242

Yes. Thanks... meaculpa2011 Apr 2014 #245

One last thing - look at the performance guarantee badtoworse Apr 2014 #246

So you're... what? Low 70s? Upper 60s? Orrex Apr 2014 #226

63. You've convinced me. Surrender... there's no hope. nt meaculpa2011 Apr 2014 #230

Oh, well, OK then .... oldhippie Apr 2014 #104

a "great many people" or a "huge majority of people"? hfojvt Apr 2014 #178

As noted elsewhere in the thread, 76% live paycheck-to-paycheck Orrex Apr 2014 #181

76% is kind of a meaningless figure hfojvt Apr 2014 #232

The onus shouldn't be solely on the individual. The govt and employers should be helping... Violet_Crumble Apr 2014 #139

You're probably Australian. I like the approach they use. badtoworse Apr 2014 #162

I like how you think that people don't understand their situations Orrex Apr 2014 #169

why should it be a few extra thousand a month? hfojvt Apr 2014 #180

$10 X 52 weeks X 20 years is $10400 Orrex Apr 2014 #183

From compound interest Lonusca Apr 2014 #188

Ah. Yeah, I guess that's right. Doh. Orrex Apr 2014 #190

And where are you going to find that 3.5% interest? Art_from_Ark Apr 2014 #196

Then look elsewhere than CDs. Lonusca Apr 2014 #218

Yes, I know what you were replying to Art_from_Ark Apr 2014 #279

yeah, I way over-estimated that rate of return hfojvt Apr 2014 #238

yeah, savings accounts have a negative return these days hfojvt Apr 2014 #235

My objection was off-base. Orrex Apr 2014 #236

$15000 as a retirement fund is better than nothing? Squinch Apr 2014 #281

It isn't validating a do nothing approach. It is pointing out reality. kcr Apr 2014 #194

My post was about how to deal with the status quo which isn't likely to change anytime soon. badtoworse Apr 2014 #199

Just get up out of that wheelchair and walk! kcr Apr 2014 #225

So what's your approach? badtoworse Apr 2014 #227

Bring back our middle class. kcr Apr 2014 #233

Sounds great. I hope it happens. badtoworse Apr 2014 #240

You are repeatedly implying a false dichotomy Orrex Apr 2014 #237

It's an internet discussion board. Nobody's obligated to do anything. badtoworse Apr 2014 #243

Here are the alternatives: Orrex Apr 2014 #244

My solutions say to the employers "quit fucking your employees." badtoworse Apr 2014 #247

What would a pension look like today and in the future? Lonusca Apr 2014 #248

It's not basically a 401K kcr Apr 2014 #254

You're missing the big picture. Orrex Apr 2014 #257

Who did I berate? Lonusca Apr 2014 #292

You do realize you jumped into another conversation? kcr Apr 2014 #299

Thats fine - didn't sound like they were in response to me Lonusca Apr 2014 #302

You might want to google "pension" and "401K" so you can stop saying that a "future pension" Squinch Apr 2014 #280

Thats not what I am saying Lonusca Apr 2014 #293

A pension looks like a pension. Hence the name. If it isn't a pension, um, it isn't a pension. Squinch Apr 2014 #307

I'll try again Lonusca Apr 2014 #322

If you mean the RETIREMENT options, there are none that are secure, and that is the problem. Squinch Apr 2014 #323

I wish we were one of those countries too Lonusca Apr 2014 #329

Arrogance. Matariki Apr 2014 #32

What would you suggest they do? badtoworse Apr 2014 #45

Heh heh heh . . . winning hearts and minds just like you know how, huh? HughBeaumont Apr 2014 #72

Where did I say it was easy? I said it's not discretionary. badtoworse Apr 2014 #78

The financial planning industry is loaded with over-assuming brightsiders . . . HughBeaumont Apr 2014 #96

I've never had any luck trying to time the market. badtoworse Apr 2014 #158

Even if you manage to put away enough, you have to figure in losing it all once or twice Squinch Apr 2014 #98

You're 100% right - there are no guarantees in life. badtoworse Apr 2014 #166

With knowledge and prudence and a cushion of discretionary income Orrex Apr 2014 #170

Even with all three of these, it is very possible that you will not be able to save Squinch Apr 2014 #202

No no no, you've got it all wrong Orrex Apr 2014 #206

Right? Squinch Apr 2014 #258

Damn that sucks. Orrex Apr 2014 #260

And, really, you can trace that whole Lehman collapse - with all the ruination of the Squinch Apr 2014 #265

I guess that's your fault and mine, too (nt) Orrex Apr 2014 #276

Well, we didn't see the future, and we didn't stop something over which we have no influence, so Squinch Apr 2014 #278

And even if they do all these things during all the years of their working life that they Squinch Apr 2014 #201

Actually, I've been in the game for well over 30 years. badtoworse Apr 2014 #205

What is discretionary than you suggest cutting? demwing Apr 2014 #111

LOL! SammyWinstonJack Apr 2014 #149

76% of Americans are living paycheck-to-paycheck OhioChick Apr 2014 #171

Very bad numbers. You're making my point - people need to save. badtoworse Apr 2014 #172

When people can't afford to feed their kids, how are they going to save for retirement? OhioChick Apr 2014 #175

I don't want to go through this again. badtoworse Apr 2014 #176

Living paycheck to paycheck pipoman Apr 2014 #204

They're using a curious definition of "living paycheck to paycheck". sl8 Apr 2014 #207

I did that. Then the stock market crashed twice leftyladyfrommo Apr 2014 #4

That sounds like us. Skidmore Apr 2014 #127

That's how I do it, and it's working perfectly. Jgarrick Apr 2014 #5

I really hope that works for you. leftyladyfrommo Apr 2014 #14

I work for the post office, so I'm not about to be forced out of my job. Jgarrick Apr 2014 #24

Yes, you've praised your foresight before. Orrex Apr 2014 #31

As I recall, this makes it two threads wherein I've chimed in on this subject. Jgarrick Apr 2014 #37

It's crass to praise yourself for being the beneficiary of good fortune. Orrex Apr 2014 #42

Of what "good fortune" have I been the beneficiary? Jgarrick Apr 2014 #83

I don't care what you do with your sleeve Orrex Apr 2014 #90

I think we both know the real answer ...... oldhippie Apr 2014 #107

Saying that you have planned well, ... oldhippie Apr 2014 #57

It's the smug condescension that makes your advice so valuable Orrex Apr 2014 #62

Ok, I'll change my advice to something better ...... oldhippie Apr 2014 #110

Well, you haven't given any advice other than "have a better job" Orrex Apr 2014 #132

I just gave you my wisdom ...... oldhippie Apr 2014 #156

You probably think that passes for witty snark Orrex Apr 2014 #164

So everyone... sendero Apr 2014 #297

And people with beliefs like yours are killng this country. kcr Apr 2014 #303

Well.... sendero Apr 2014 #304

They vote Republican kcr Apr 2014 #328

OMG! SammyWinstonJack Apr 2014 #152

So what are your suggestions .... oldhippie Apr 2014 #153

You planned well and made good decisions? That *must* have been because of luck! Jgarrick Apr 2014 #64

Very progressive of you. Orrex Apr 2014 #75

What "fortuitous opportunites" lead me to choose a secure career and set aside a significant portion Jgarrick Apr 2014 #80

The fact that you have had enough income to set aside a significant portion, for starters Orrex Apr 2014 #91

It's the standard right wing personal TBF Apr 2014 #177

I agree 100% (nt) Orrex Apr 2014 #182

What is this marvelous thing called a "pension"... StandingInLeftField Apr 2014 #48

No kidding - TBF Apr 2014 #179

You do realize that they are working to steal your pension? Live and Learn Apr 2014 #294

and people will never agree to raise taxes Skittles Apr 2014 #314

Who said anything about raising taxes? Live and Learn Apr 2014 #330

you think anyone trusts the government now? Skittles Apr 2014 #332

I don't know that they can't steal the part that was paid in. Didn't those cops and firefighters Squinch Apr 2014 #325

LOL, ok. nt Logical Apr 2014 #155

I don't think 401k's should allow for early withdrawals under any circumstances. Nye Bevan Apr 2014 #8

I agree. badtoworse Apr 2014 #11

While I agree with you in principal Sherman A1 Apr 2014 #15

You also need liquid savings to carry you through such a situation. badtoworse Apr 2014 #16

Also stretch your monthly budget with unicorn meat and rainbows. eShirl Apr 2014 #27

If only we didn't need to eat. n/t leftyladyfrommo Apr 2014 #34

Brilliant!! That could be a viable savings plan. closeupready Apr 2014 #58

^^Magnificent Orrex Apr 2014 #43

And, spend your weekends hunting leprechauns for their pot of gold. herding cats Apr 2014 #50

Even if you do catch a leprechaun, this is all you can expect to get from him Art_from_Ark Apr 2014 #197

Feckin' leprechauns. No money AND diabetes. Squinch Apr 2014 #324

Post love. Starry Messenger Apr 2014 #53

Dig up an oil well in your back yard. closeupready Apr 2014 #59

If you can be shootin' at some food at the same time, well that's just a win-win right there. Arugula Latte Apr 2014 #65

this brings up one of my favorite poems eShirl Apr 2014 #112

Moving poetry. closeupready Apr 2014 #114

I've managed to save 2 million for retirement over the years. Gormy Cuss Apr 2014 #66

. Squinch Apr 2014 #283

That's a stronger currency than bitcoin, at least Orrex Apr 2014 #290

If you are over 50 you need enough to cover 15 years. leftyladyfrommo Apr 2014 #33

You are likely to live a lot longer than 15 years. If you are 50 when you retire, Squinch Apr 2014 #284

I ws figuring on SS at 65. leftyladyfrommo Apr 2014 #298

I am under 55, so I am afraid of what they will do with SS for people my age. I don't Squinch Apr 2014 #308

Yes, Sherman A1 Apr 2014 #49

Yea. That's the elephant in the room. leftyladyfrommo Apr 2014 #20

And sadly, that is the worst time to be saving joeglow3 Apr 2014 #51

Well, thanks to hyper-inflated student loans, many people no longer have that option Orrex Apr 2014 #54

There is no solution that works for 100% of the population joeglow3 Apr 2014 #55

Broadly speaking, I am less sympathetic to the financial plights of the financially secure Orrex Apr 2014 #61

But those people are taking money from the poor joeglow3 Apr 2014 #191

I agree forthemiddle Apr 2014 #22

Disagree. Adrahil Apr 2014 #87

What about someone who loses their job and needs to money to live? oneofthe99 Apr 2014 #131

I think people CAN save hfojvt Apr 2014 #150

Reasons like medications, food, utilities LanternWaste Apr 2014 #231

25% of Americans make less than $25K a year. You can't save on $25K a year. Squinch Apr 2014 #285

What about the other 75%? hfojvt Apr 2014 #301

Some of those have children and make 40K. Some make 50K or 70K and had an illness, for Squinch Apr 2014 #309

What is this "paycheck" of which you speak of? Revanchist Apr 2014 #220

Good luck, then. I hope you find one soon. badtoworse Apr 2014 #221

My retirement plan is to work until I am dead Marrah_G Apr 2014 #2

I'm trying to figure out a good way "out" when I can't leftyladyfrommo Apr 2014 #7

don't forget the Golden Girls option Skittles Apr 2014 #120

You're in good company Orrex Apr 2014 #23

That used to be my plan Capt. Obvious Apr 2014 #46

Mine, too. I expect to someday be found slumped over my keyboard in my cubicle. scarletwoman Apr 2014 #184

I am going to retire in India or Thailand. dilby Apr 2014 #6

That is a sad commentary on old age in America. leftyladyfrommo Apr 2014 #9

You don't have to leave the country. dilby Apr 2014 #12

But keep in mind that Medicare won't cover you outside the US spooky3 Apr 2014 #84

well shanti Apr 2014 #252

and be physically able then to fly spooky3 Apr 2014 #277

I have $342.00 chrisstopher Apr 2014 #17

I don't think you are alone. leftyladyfrommo Apr 2014 #18

Additionally... Orrex Apr 2014 #28

Exactly abelenkpe Apr 2014 #30

Save tax deferred in an IRA. n/t beaglelover Apr 2014 #126

IRAs are nice abelenkpe Apr 2014 #140

$5000 is better than saving nothing. n/t beaglelover Apr 2014 #144

True. abelenkpe Apr 2014 #147

a one time $5k investment in Johnson and Johnson aznativ Apr 2014 #255

Awesome. Now tell us which $5000 investment in 2014 will look like that in 2044. Orrex Apr 2014 #256

Beats me, but aznativ Apr 2014 #259

That's the "anything is better than nothing" delusion Orrex Apr 2014 #262

My response wasnt based on whether or not you aznativ Apr 2014 #264

you realize that return aznativ Apr 2014 #261

So pick the next one. Orrex Apr 2014 #263

JNJ, HD, WTR, FLS, SCCO, PFE, APPL, DDD, WY, WMT, T, GOOGL, ... aznativ Apr 2014 #266

Who said ANYTHING about getting people set? HangOnKids Apr 2014 #270

I sure didnt say anything about getting anyone set aznativ Apr 2014 #271

Here you go HangOnKids Apr 2014 #272

hmm yea I suppose aznativ Apr 2014 #275

And then, magically, don't lose half of it when the assholes tank the economy on a regular basis. Squinch Apr 2014 #286

They are told by people who have the good fortune of a state or government pension oneofthe99 Apr 2014 #130

Aren't most retirement homes paid for by Medicare/Medicaid? I have two grandparents in cbdo2007 Apr 2014 #25

Medicare does not pay for long term care exboyfil Apr 2014 #39

No. Medicare pays nothing for custodial care. They only pay if skilled nursing is needed as part yellowcanine Apr 2014 #41

After my aunt died four years ago mnhtnbb Apr 2014 #26

My mother had to be made a ward of the state leftyladyfrommo Apr 2014 #35

Sounds like my grandmother exboyfil Apr 2014 #40

I grew up near the Rose Bowl PasadenaTrudy Apr 2014 #105

I loved my aunt/uncle's house. It was on the mnhtnbb Apr 2014 #138

Our house PasadenaTrudy Apr 2014 #142

Sounds like walking distance between the two! mnhtnbb Apr 2014 #146

I was told I would need $2 million back in 1987 Auggie Apr 2014 #29

Most of my friends are single women leftyladyfrommo Apr 2014 #38

That's me... PasadenaTrudy Apr 2014 #106

I started working full time in 1970 leftyladyfrommo Apr 2014 #300

Yep... PasadenaTrudy Apr 2014 #306

I'd like to have $5MM for retirement taught_me_patience Apr 2014 #36

I'd like to have a boyfriend named Gunter, but that ain't happening for me either. Squinch Apr 2014 #100

You are not going to get 30% exboyfil Apr 2014 #103

Leverage taught_me_patience Apr 2014 #219

Leverage works both ways - you can also be wiped out. badtoworse Apr 2014 #223

An active investor has a better chance exboyfil Apr 2014 #228

I don't trade at all. Leverage happens everywhere not just trading stocks taught_me_patience Apr 2014 #229

You know that was exactly the plan of many Squinch Apr 2014 #331

I've noticed there is a growing industry around retirement communities with 'services.' Sunlei Apr 2014 #56

"So quick, send all your money to Wall Street immediately!" moondust Apr 2014 #60

HAHAHAHA, a million bucks...snort DiverDave Apr 2014 #67

Meanwhile 50 somethings are moving back in with their parents. pa28 Apr 2014 #68

Well, gee, why didn't they just tuck away a couple k from every paycheck? Arugula Latte Apr 2014 #69

Obviously they can't. pa28 Apr 2014 #71

I get the impression that a lot of those saying that, or those Squinch Apr 2014 #101

Right. Also, they don't realize that a lot of people make minimum wage or not much more Arugula Latte Apr 2014 #102

And the numbers of those people are growing all the time. Squinch Apr 2014 #108

Or medical costs. leftyladyfrommo Apr 2014 #208

it's like the 40% of Federal money recipients who don't realize where it's coming from MisterP Apr 2014 #82

That is if you live long enough to hit retirement age. Xyzse Apr 2014 #74

I'm hoping PasadenaTrudy Apr 2014 #109

I can understand that. Xyzse Apr 2014 #113

That sounds cool! PasadenaTrudy Apr 2014 #143

Retire? liberal N proud Apr 2014 #76

Older boomers are in the worst shape Warpy Apr 2014 #77

actually, younger boomers and Gen X are worse off Skittles Apr 2014 #117

Xers still have earning years left Warpy Apr 2014 #124

I'm not sure why you say this. I'm 64, retired teacher with a life-long pension and S.S. And WinkyDink Apr 2014 #167

How nice for you, I'm sure Warpy Apr 2014 #195

I'm not sure you are speaking of "older Baby Boomers" here, say, those born 1945-50. But you know WinkyDink Apr 2014 #198

I/ve noticed that there are a whole lot of older folks working leftyladyfrommo Apr 2014 #209

I haven't seen a kid working in a convenience store around here Warpy Apr 2014 #211

Hi Warpy: leftyladyfrommo Apr 2014 #213

That's how I feel about it Warpy Apr 2014 #215

I inherited some too. leftyladyfrommo Apr 2014 #217

How the hell can you save a million bucks if... GoCubsGo Apr 2014 #79

Good luck to you! Adrahil Apr 2014 #88

Thank you. n/t GoCubsGo Apr 2014 #89

I was forced into retirement in 2010. RebelOne Apr 2014 #92

I'll never be able to retire bigwillq Apr 2014 #99

I used to say that, too. But, trust me, you don't. CTyankee Apr 2014 #133

I'm not saying that. bigwillq Apr 2014 #135

Oh, sorry. That wasn't my intent. I am very sympathetic about your situation. CTyankee Apr 2014 #148

Thank you. bigwillq Apr 2014 #189

Even a lot of education doesn't matter these days. leftyladyfrommo Apr 2014 #210

Upon giving it a little more thought, .... oldhippie Apr 2014 #115

Tragically, without a sarcasm symbol many will take your comment at face value, thinking, "Dude!" Jgarrick Apr 2014 #125

Actually, I'm more than halfway serious ...... oldhippie Apr 2014 #159

The young have the advantage here. karadax Apr 2014 #118

I'm of a generation that is never going to be able to retire tabbycat31 Apr 2014 #119

I'm about to turn 50 beaglelover Apr 2014 #121

lol HangOnKids Apr 2014 #224

We are among the fortunate few. phylny Apr 2014 #123

Your husband survived those downsizings because..... beaglelover Apr 2014 #134

beaglelover, you are correct. phylny Apr 2014 #173

Being a good worker doesn't protect you from layoffs any more. leftyladyfrommo Apr 2014 #212

Tons of people lost their jobs when Lehman Brothers collapsed. My Good Babushka Apr 2014 #251

70% of Americans have less than $35,000 saved when they retire Corruption Inc Apr 2014 #128

Back in the day we had unions and things called Defined Benefit Pension Plans doc03 Apr 2014 #129

lol...let's just hope you don't end up as one of the people who loses their pension... cbdo2007 Apr 2014 #249

We have the same dilemma there, the 1% is dumping the DB pension plans doc03 Apr 2014 #287

its the only thing that's kept me in the military qazplm Apr 2014 #136

my son also has a governmental job as a senior prosecutor in Brooklyn, NY. CTyankee Apr 2014 #151

What world are these people living in??? This is the canary in the mine. Raven Apr 2014 #137

+1 n/t PasadenaTrudy Apr 2014 #145

Agreed. They write shit like this because we let them. RagAss Apr 2014 #186

I'm so thankful for my husband's union pension. Blue_In_AK Apr 2014 #141

If even a fifth of US citizens are up shit creek at age 60, that's scandalous DFW Apr 2014 #154

Maybe the whole concept of retirement needs to be re-thought ... oldhippie Apr 2014 #160

Work until you die? Maybe if I were monarch somewhere. WinkyDink Apr 2014 #165

But so are a lot of things, like universal medical insurance DFW Apr 2014 #168

Not working through your childhood is a new concept too. nt LeftyMom Apr 2014 #193

It probably does. leftyladyfrommo Apr 2014 #214

There aren't even enough jobs for all the younger people gollygee Apr 2014 #295

We're seeing the realities of this already hit a generation fujiyama Apr 2014 #161

Hahahaha! Our COUNTY home = OVER $8,000/month!! FACT. I just paid them. WinkyDink Apr 2014 #163

I Would Expect an Article Like That On the Road Apr 2014 #185

I'm set for six weeks. rug Apr 2014 #187

What planet do these people live on? Can I move there? It sounds like the wages are awesome. LeftyMom Apr 2014 #192

$375/month? It depends on your rate of return FreeJoe Apr 2014 #234

does that include the stock market crashes? Skittles Apr 2014 #274

I didn't say anything about stocks FreeJoe Apr 2014 #311

We've had major downturns in the stock market a number of times Squinch Apr 2014 #288

There is no loss Lurker Deluxe Apr 2014 #305

If you are not contributing when the market falls, you lose. Squinch Apr 2014 #310

I'm not sure I follow you FreeJoe Apr 2014 #312

When the market comes back, you are still at a loss. Squinch Apr 2014 #313

OK, now I understand your point. I think. FreeJoe Apr 2014 #318

There is really no alternative but the stock market Squinch Apr 2014 #320

Completely false Lurker Deluxe Apr 2014 #315

I worked for a mutual fund company in the 00s, through 2 major crashes Orrex Apr 2014 #316

Yes. That scolding was cute. Especially given the error of his argument. Squinch Apr 2014 #321

I had a great weekend, hope you did as well Lurker Deluxe Apr 2014 #333

I am sorry, but you are wrong. Look at a single share: Squinch Apr 2014 #319

Crazy Lurker Deluxe Apr 2014 #334

I believe the post you originally responded to and said, "You are totally wrong!" gave a Squinch Apr 2014 #335

Must be nice, I will never be able to retire. Rex Apr 2014 #239

It has taken me over 20 years to gross $100K DotGone Apr 2014 #250

It wouldn't be easy, but it's not out of the realm of possibility badtoworse Apr 2014 #253

You misunderstood DotGone Apr 2014 #289

Sorry for the misunderstanding. I sincerely hope the situation improves for you. badtoworse Apr 2014 #296

Why are you making only 5k/year? n/t taught_me_patience Apr 2014 #291

I have 401K.... musical_soul Apr 2014 #267

Except for the benefit of tax break for 401k contributions, stuffing money in a mattress... Silent3 Apr 2014 #269

Yes. And I know it may not be enough. MissB Apr 2014 #282

Having watched just how much the prices of things have adjusted in a mere 30 years... Shandris Apr 2014 #317

Did anyone in this thread see the Frontline on funding retirement? It was REALLY interesting. Squinch Apr 2014 #326

My retirements are worth about that madville Apr 2014 #336

Great advice. bluedigger Apr 2014 #337

I expect many of us will be moving south of the border Auggie Apr 2014 #338