UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next
Author: RetiredVermonter Big gold star, 5000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 81597  
Subject: Re: Question For Intercst...or anyone Date: 2/17/2013 4:55 PM
Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Recommendations: 4
As some one observed recently, and as I have often stated, all the "plans" and "equations" in the world cannot help you if the following fits you:

"...most Americans are financially illiterate..."


You can put away all the money you want, but what is it then doing? Sitting in some CD or a bank? Stuck in some heaven-only-knows-how-good-it-is mutual fund?

Do you KNOW what it is doing?

Do you actively study what your retirement fund is doing?

We had nowhere near what they say we should have had when we retired 10 years ago, but here we are, enjoying life, even after getting whacked by the 2008 mess! We also withdraw more than 4% most years, but so what? I manage it myself and work at making sure we get decent dividends and/or growth to make it up, and I do better than the S&P or the Dow, anyway!

If people expect to dump huge amounts in some account and then have someone else manage it for them, at some juicy cost, they deserve whatever they get.

Wake up, people! Learn. Find out what YOU can do for yourself!

Post New | Post Reply | Reply Later | Create Poll Report this Post | Recommend it!
Print the post  
UnThreaded | Threaded | Whole Thread (15) | Ignore Thread Prev | Next


The Retire Early Home Page
Discussion on accelerating retirement day.
What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Community Home
Speak Your Mind, Start Your Blog, Rate Your Stocks

Community Team Fools - who are those TMF's?
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.