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Are you satisfied with your retirement plan or are you going to make changes for 2008? Most "regular" (middle class? people that have to work?) people that I know, continue to be frustrated with the options on where to put whatever they can scrape together every two weeks for retirement. CDs, Bonds, and money markets are lucky to match inflation. Annuities are long term with big penalties for early withdrawal. Individual stocks are like gambling, etc.
For a chosen few, the best plan is to become CEO of a big company, run it into the ground, and take the $70 million buyout. For the rest of us, "Are you making changes in 2008?".....other than taking "frugal" to a whole new level.
Even with the ups and down last year we did 12% between the two of us. However we then had the horrible first week. Energy may be the strength of my funds now and I am 30% Bonds and Cash with the other 70% having a heavy balanced fund position (35%). I have 20% plus in overseas funds etc. So far I have not been hit as hard as the SP,Dow and Nasdaq but then who knows what 08 will bring. I do have a enough tied down in safe positions in case I should need anything over the next couple of years til social security becomes available. Other then energy my domestic fund exposure is limited.
I only check once a month. I'm not planning to tap it for about ten years, and continue to contribute however much I can afford (403b) and this year, am shorting it because I had huge vet bills, not because the market worries me. I am apparently a devotee of dollar-cost averaging, at least with this much time.
I have not got my statement yet. They send it quarterly so it should be here soon. I have about 1/3 in bonds. Last quarter stocks were not doing too well but I still gained some.
I do not worry about it a lot as it is just a little something extra to go with our pensions.
I only did 9% return in 2007 with my 401-k. I guess its not bad when you look at the housing woes, sub-prime mortage problems and the price of fuel. But im not changing a thing. BUY LOW - SELL HIGH. I still have 30 more years to go.
I only did 9% return in 2007 with my 401-k. I guess its not bad when you look at the housing woes, sub-prime mortage problems and the price of fuel. But im not changing a thing. BUY LOW - SELL HIGH. I still have 30 more years to go.
That sounds very good
9% is nothing to look down upon. From the Op of this thread, if there are others who lost Net Worth while you gained then you did good. Plus 9% is good.
The only thing that saved me from a big hit was 1) energy funds 2) gold funds and 3) medical supply funds. Lucky I got completely out of real estate 2 years ago.
saw about 13.5% for 2007.. had a drop of about 6k so far these past couple of weeks. Not too worried, as I have years before I retire.
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