Talk of The Villages Florida - View Single Post - Impact of economy: Delayed retirement? Return to work?
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Old 11-27-2008, 09:20 AM
collie1228 collie1228 is offline
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Default Delaying Retirement

In mid-Summer we had our Lifestyle Preview and had decided that TV was great, and that with good planning over the next three-four-years, we could afford to live well in TV. Since then, the 401(K) and IRA have taken a hit in the neighborhood of 30-35%, and all plans are on hold. Unless there is a miraculous recovery over the next 36 months (yeah, right), our retirement plans are now postponed for at least two years; maybe longer. You just can't quickly recover from a loss of 1/3 of your retirement savings.