Originally Posted by
Denny Crane
First of all........Merry Christmas!!!!
Now, to throw gasoline on the Retirement fire (debate)............
How are you youngun's feelin' about your 401k/5 million dollar DC retirement after the last couple of weeks on Wall Street!?! Any reconsideration for the merits of some sort of DB going on?
Might as well start a free for all on Christmas Day!!!
Denny
I feel great. I know it’s a long term investment.
The lesson my dad went through the hard way in 2008/2009 market crash, reinforced the principle that when I’m 5-10 years away from retirement I need to start shifting towards less stock exposure.
He had just retired and had to go back to work for the last 10 years. Luckily he had/had enjoyed his work, but it still makes the ideas/principles crystal clear when you see it up close and personal.