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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My retirement is all in TIAA mutual funds. It grew so much that to my surprise I was able to afford to live here. However, now it is down 30% from its peak. It will go back up, but no more gravy until then. If the Chinese didn’t eat weird animals that carry new diseases and the Russians stayed out of Ukraine, I’d be doing very well indeed.