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Response to whatthehey (Reply #26)

Tue Feb 23, 2016, 03:14 PM

35. This is solid advice!

I'm a state worker with a pension plan & I also jumped on the voluntary deferred compensation plan that the state offers at 25% my gross pay. I did great during the Clinton years, I took big hits during the W shit years, but still kept aggressively investing because of "dollar cost averaging" - buy less when high & more when low.

I cut back to 8% during Obama's triumphant glorious reign & now my plan has never been higher or more bloated. Truly it is the best & easiest way to invest in one's future retirement. With both a pension & a deferred compensation plan, my social security will hopefully be pure FU money.

I just laugh & I don't respond to the "scolders" with their bleating cries of "rigged wall street casino". I've been through the good/bad times of the market & my great faith in the market gods have blessed me accordingly.

Now I just coast till retirement in 4 years with yet another Clinton leading us to wealth & even better prosperity.

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