Free To Canoe
Thinks s/he gets paid by the post
So my friend calls me up during the recent market freefall and complains to me that his 403B lost $60. He was real concerned and was going to talk to his planner tomorrow.
Since I am down a couple of hundred thousand, I thought it was humorous that he would be concerned by such a small loss. I guess he is pretty risk adverse.
His situation is that he is 55 and starting his retirement savings (again) and only has a few thousand in it.
Most of the people I grew up with are in a similar position when it comes to being prepared for retirement. They are not.
One thought is that there are a lot of people out there who need social security or else there will be a lot of people selling pencils on the street corner.
Free to Canoe
Since I am down a couple of hundred thousand, I thought it was humorous that he would be concerned by such a small loss. I guess he is pretty risk adverse.
His situation is that he is 55 and starting his retirement savings (again) and only has a few thousand in it.
Most of the people I grew up with are in a similar position when it comes to being prepared for retirement. They are not.
One thought is that there are a lot of people out there who need social security or else there will be a lot of people selling pencils on the street corner.
Free to Canoe