Americans DROWNING IN DEBT! Pensions and 401k’s Will Be Devastated in Crisis!

murray t turtle said:
%% OK.
Since when has poor planning ever paid off?? Some panic sold in 2008 also.
Sure it can work ,closer to age 65, just dont do poor planning ; or overweight stocks/ETFs which maybe what you implied...........................................................................................Thanks
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If (just) 1 million of YOUR wealth evaporated quickly, Im betting you would be affected.
Whats the plan for that? Being all seeing all knowing is a gift, not a plan. Maybe you are Buffet, and you can lose 80% and it has no affect on quality of life. Doubtful.
 
I think it is all about what you are used to.

I grew up in abject poverty. My parents bought a house in 1960 for $4000, sold it in 1980 for $6000 in WV. My parents brought up 3 children on welfare. I had a pretty happy life then. I played music with my friends and learned to love nature.

If that is what I go back to in retirement I will be a happy camper. I don't need anything but food, shelter and friends.

Happiness is not found in things.
 
easymon1 said:
got it, then what?
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Not sure what you are getting at, but you keep on keepin on.


cafeole said:
Happiness is not found in things.
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Years, and I mean years ago, I enjoyed listening to Suze Orman.
One thing that stuck with me...
People
Money
Things
In that order of importance.

As Ive gotten wiser over the years, and I mean years, it has morphed...
People
Faith/Attitude
in that order of importance.
In the truly pitch black, money and things don't even have a mention.
 
tiddlywinks said:
If (just) 1 million of YOUR wealth evaporated quickly, Im betting you would be affected.
Whats the plan for that? Maybe you are Buffet, and you can lose 80% and it has no affect on quality of life. Doubtful.
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%%
Plan on not losing 80% quickly.It took QQQ 3 years to do that- so would not call that quick. NO i'm not Buffet ,nor would i have to pretend i understand all about tech to invest/trade it. SPY does not lose money as quick as QQQ.By the way plenty got ripped off more than 80% in a corp pension plan.

And avoid the lotto= a stupid tax on people that cant do math..LOL:D:D, :D:D:D:D:D:D
 
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