No. of Recommendations: 3

Although I personally have not been in your situation, I can certainly understand and appreciate your concerns. But I would like to say that all is not lost . . .there is still time to make investments to sufficiently support you when you retire.

I am retired, but it wasn't until my last ten years of employment that my financial assets really began to grow. That was when 401k programs were first made available . . .I contributed the maximum allowable. I also dollar-cost-averaged on a monthly basis into a DRIP for eight years prior to my retirement. In addition, I contributed the maximum $2,000 to an IRA for about 15 years prior to my retirement. When I retired (at age 57), my financial assets had grown to a level for me to live very comfortably. . .and the majority of these financial assets were accumulated in the 10 years prior to my retirement. . . and during those 10 years, none of my investments were in high-tech stocks.

Although I can't make specific investment recommendations, I strongly recommend investing the maximum allowable in 401k programs and IRAs . . .especially the Roth IRAs. Obviously, the specific investments within the 401k programs and IRAs have to be in good companies.

But I just wanted to say that my purpose for submitting this post was to tell you that you still have time to accumulate a sizeable nestegg for your retirement. I'm far from being an investment whiz, and if I can do it, I'm sure you can.

Good luck.


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