Comments on: Retirement Fund Denial http://lizawashere.com/2009/03/08/retirement-fund-denial/ Mother. Partner. Lawyer. Writer. Grad Student. Activist. Fri, 03 Feb 2012 03:54:54 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Grandma http://lizawashere.com/2009/03/08/retirement-fund-denial/comment-page-1/#comment-147622 Grandma Wed, 11 Mar 2009 18:16:51 +0000 http://lizawashere.com/?p=1285#comment-147622 The only positive factor I can think of is that it is a VERY good time to be investing in a college fund for VERY young (grand)children. Eventually Noah, Maxim and Josie should benefit from getting in at the bottom (more or less) of this market. At least I hope so. The only positive factor I can think of is that it is a VERY good time to be investing in a college fund for VERY young (grand)children. Eventually Noah, Maxim and Josie should benefit from getting in at the bottom (more or less) of this market. At least I hope so.

]]> By: jen http://lizawashere.com/2009/03/08/retirement-fund-denial/comment-page-1/#comment-147430 jen Tue, 10 Mar 2009 15:18:37 +0000 http://lizawashere.com/?p=1285#comment-147430 We have accounts in a few places. My 401K at work benefitted from me being stupid about money - When I started this job I ignored it and left it all in the default fund, which is the one that is in government bonds or something, and only goes up by a really small amount but can't go down. So in my 401K I actually lost nothing. Of course, if I had left it there forever, I'd never have made enough money to retire on. Now as a result of the financial crisis, I will soon move most of it out of that fund into funds that better suit my retirement schedule (20-25 years) and buy at low prices and make a bundle (hopefully) when the market recovers. So my stupidity really paid off! We have accounts in a few places. My 401K at work benefitted from me being stupid about money – When I started this job I ignored it and left it all in the default fund, which is the one that is in government bonds or something, and only goes up by a really small amount but can’t go down. So in my 401K I actually lost nothing.

Of course, if I had left it there forever, I’d never have made enough money to retire on. Now as a result of the financial crisis, I will soon move most of it out of that fund into funds that better suit my retirement schedule (20-25 years) and buy at low prices and make a bundle (hopefully) when the market recovers. So my stupidity really paid off!

]]> By: Rachel http://lizawashere.com/2009/03/08/retirement-fund-denial/comment-page-1/#comment-147401 Rachel Tue, 10 Mar 2009 05:03:41 +0000 http://lizawashere.com/?p=1285#comment-147401 I have saved very little in my 401k. But even losing 20% was sad. Now, that was the last statement I shutter to think of the next statement. I joke that my son's athletic skills will be my retirement. Maybe it's not a joke. I have saved very little in my 401k. But even losing 20% was sad. Now, that was the last statement I shutter to think of the next statement. I joke that my son’s athletic skills will be my retirement. Maybe it’s not a joke.

]]> By: CJ http://lizawashere.com/2009/03/08/retirement-fund-denial/comment-page-1/#comment-147383 CJ Mon, 09 Mar 2009 21:45:57 +0000 http://lizawashere.com/?p=1285#comment-147383 What? Economy? Savings? Retirement? What language are you speaking?? I understand none of it!! (Leave me to my ignorance, this is why I don't handle our finances! I told her just to tell me when we can have a baby!) What? Economy? Savings? Retirement? What language are you speaking?? I understand none of it!! (Leave me to my ignorance, this is why I don’t handle our finances! I told her just to tell me when we can have a baby!)

]]> By: Todd Y. http://lizawashere.com/2009/03/08/retirement-fund-denial/comment-page-1/#comment-147375 Todd Y. Mon, 09 Mar 2009 19:20:28 +0000 http://lizawashere.com/?p=1285#comment-147375 We're very much in the same boat. Probably -50% on our retirement accounts. Also decimated: Our daughter's nascent college fund. If I continue my current job for another 16 years, she could go to a certain state university for half price. Woo hoo! To quote Mick Jagger, "Time, time, time is on our side. Yes it is." We’re very much in the same boat. Probably -50% on our retirement accounts. Also decimated: Our daughter’s nascent college fund. If I continue my current job for another 16 years, she could go to a certain state university for half price. Woo hoo! To quote Mick Jagger, “Time, time, time is on our side. Yes it is.”

]]>