Quote:
Originally Posted by zendog3
I took a look at my retirement savings today. My retirement is in TIAA/Cref.
The good news is that there is still enough there to get me to the grave.
The better news is that my annuity gained about $1,300 in the last 6 months.
The bad news is that my equities lost about $ 90,000.
The great news is that I din't have a dime invested in crypto currency.
Seriously, when I started saving for retirement 55 years ago, I read up and learned that I should diversify into low risk annuity and risker equities. I chose a 25/75 % split which worked well. I was often tempted to dump the annuity and put all my money in stocks. I am now glad I didn't. I only wish I had changed may diversity distribution to more annuity at time of retirement.
I would give this wisdom to my kids, but they don't listen to me anyway.
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Not sure why you would even write this. I read this forum for entertainment value only. If you’re looking for advice, you’ll get both sides of the topic ten times over and maybe even from the same person in different posts. Then you have the comedians that think they’re more clever than everyone else, followed by the curmudgeons that want to try and embarrass you with how smart they are followed by what an idiot you are. The judgmental will evaluate your worth based on your perceived political views and decide to support you or harass you.
If you are happy with your decision 55 years ago I’m very happy for you. If you’re debating with yourself I’d discuss it with a small circle of friends that will be honest with you. Not the mob waiting to pounce.