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I think OP is just trying to say that crashes are a part and parcel of the market... ...that's a risk that he/she and every investor should be willing to take. The OP had the stomach not to panic and kept investing throughout the bad times, so in essence he/she was buying everything on the cheap. Assuming he/she invested it wisely, he/she must have come out far ahead today than he/she would have if he/she would have stopped investing or pulled out the money. Also, if someone lost all their retirement savings because of the 2008 crash, it could also be blamed on the fact that they did not adjust their allocations (bonds v/s stocks) as they approached retirement age or during their retirement. Bonds also suffered in 2008, but not as much as stocks.
That's right! I had no idea the market crashed in 2008-2009, until 2010 people on here said it crashed.
Here is how I think: I am not smart at stock market timing! I ain't got time to try to be smart at it either. I ain't got time to be watching Cramer and buying stocks. I ain't got time to be moving my 401k around when I think the market is going down. I ain't got time for investing.
What I got time for is choosing an asset allocation, re-balance it once year, and max the hell out of my retirement accounts and keep banks out my pocket. pick low cost index funds, and keep the Target Fund at Vanguard in the Roth IRA and nothing else
show me in black and white it will be there in 30 years. you want to talk about clown talk.
we can only count on 2 things in life, death and taxes.
i hope im wrong and it is there but unlike u im not willing to gamable over 50% of my retirement income on it and I tend to be more agressive but there is a fine line between agressive and foolish.
show me in black and white it will be there in 30 years. you want to talk about clown talk.
we can only count on 2 things in life, death and taxes.
Like I said, show me black and white where SS will be deleted or undervalued in 30 years, and I want put all my trust in it. Otherwise, its clown talk, just speculation. Noone, knows!
I am not trying to be offensive, I am just saying it makes no sense to leave SS out of the equation.
Like I said, show me black and white where SS will be deleted or undervalued in 30 years, and I want put all my trust in it. Otherwise, its clown talk, just speculation. Noone, knows!
I am not trying to be offensive, I am just saying it makes no sense to leave SS out of the equation.
Here you go. According to SSA, by 2033 they will only have enough money to pay out 75% of benefits. Trustees Report Summary
show me in black and white it will be there in 30 years. you want to talk about clown talk.
we can only count on 2 things in life, death and taxes.
i hope im wrong and it is there but unlike u im not willing to gamable over 50% of my retirement income on it and I tend to be more agressive but there is a fine line between agressive and foolish.
I am with starwind on this. I do not factor SS in my retirement savings at all; not 50%, not 5% and not even 0.05%. SS is not something that I can control so it makes no sense to count on it. That's similar to relying on inheritance to fund your retirement... ...it's not in your control and the rich uncle/parent can decide to give it away to someone else!
That's right! I had no idea the market crashed in 2008-2009, until 2010 people on here said it crashed.
Here is how I think: I am not smart at stock market timing! I ain't got time to try to be smart at it either. I ain't got time to be watching Cramer and buying stocks. I ain't got time to be moving my 401k around when I think the market is going down. I ain't got time for investing.
What I got time for is choosing an asset allocation, re-balance it once year, and max the hell out of my retirement accounts and keep banks out my pocket. pick low cost index funds, and keep the Target Fund at Vanguard in the Roth IRA and nothing else
Here you go. According to SSA, by 2033 they will only have enough money to pay out 75% of benefits. Trustees Report Summary
These are the people who in 1997 projected that the trust fund would be exhausted in 2029, then in 2007 projected that it would actually be 2042. Their most recently projected date for the retirement trust fund is actually 2035. A case could be made that you'd do as well with a Ouija board.
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