People are talking. About things like another Great Depression, the collapse of our economy, and not being able to buy a house right now. And the news from Wall Street didn’t help.
My dad and I were just talking about my retirement account a couple of days ago. About what I should do with it, whether I should borrow from it for a down payment when we’re ready to buy a house. I checked my balance, out of curiosity. It’s a relatively small balance in the scheme of things. But it’ll grow modestly until my retirement and then it’ll hopefully give us a few extra bucks.
I only go in once in a while and reshuffle the funds to get it more balanced. Other than that, I leave it alone. In just a matter of days it dropped $1500. Just like that. And let me tell you, that’s not an insignificant portion of what I have saved. But I will not pull it out and drop it into bonds right now. I will leave it alone and hope that things eventually recover somewhat. I still have the same number of shares in things and I just have to hope that it goes back up at some point.
And yes, all of this crap going on makes me worry even more about quitting my (very stable, reliable, steady income) job. I wonder how I’ll save any additional money towards retirement at this rate. Ugh. I hate thinking about it, but it needs to be done.
I haven’t checked mine, because it’ll only make me depressed. I won’t need it for a while. About the job, can you go back if you quit?
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It’s working its way back up, thankfully.
I stayed there until they found my replacement. That job is no longer open to me. I could try to find something else with the university, but I left so I could work from home and be with my son. We knew finances would be tight, but this dip is making it a little harder.
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Holy cow. I can’t believe with all this going on, that I haven’t thought to check my husbands retirement funds. It’s so obvious, but since everything has been okay in our day-to-day lives, I haven’t been word about the crises going on around me. Thanks for writing this … a good reminder that just because I can afford what I need now doesn’t mean that the retirement amount won’t deteriorate.
@jodi, it’s going back down again. i should just wait to look. it’s not like i’m going to do anything right now anyway. i just have to ride it out.