Yesterday we got the quarterly report on Paul's 401K retirement savings plan. The money has been invested in the stock market in various recommended mixes. Well, folks, it wasn't good news. We had heavy losses, as I'm sure everyone has. It has so far set us back 4 years of investing. If it continues we simply will have nothing left to retire on.
We are so grateful we still have time left before Paul retires! If we were close to retirement, it would be such a dire picture. I'm sure the retirement age will have to go up. We are also grateful that Paul has a job. So many people don't and my heart and prayers go out to them.
2 comments:
That is scary! I hope things get better!!!
We feel your pain!! *#!@%)@()*#) Looks like Grandma's under the mattress method was best after all. JK
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