I have very few regrets in my life, but I'm sure that one of my greatest regrets will be that I allowed $90,000 of my retirement money to be depleted so fast. I never was good with money matters. I don't know anything about markets and investing. When asked how I would like my 401K monies to be invested, I was given four choices - conversative, moderate, moderate-growth and growth. I chose growth . . . yeah, grow, grow, grow. . . and it did. I would love to get the notices in the mail. I looked forward to seeing the figures multiply . . . $10,000, $15,000 . . . in ONE QUARTER! Wow!! And then a few years back I decided that I wanted to retire at 60 so I started to make a serious effort in contributing to this fund. I asked that 30% of my pay be put into this account.
When I was young we were poor. . . but only in money. We did without a lot, but we didn't need a lot. I didn't miss out on anything important. In my early adult life I still struggled at first, not being able to afford things that I wanted. And in fact I joke that me and Wendell are still living at his parent's 'cause we're trying to save up to buy our own house, and we've been married for 30 years. It's okay, I'm totally satisfied living in the house that Wendell grew up in. It's old and getting small-kine bust up but it's home.
I've always lived very simply, not having any great wants or needs. My life so far has pretty much gone smoothly with no great tragedy or struggle. I've always been comfortable. It's with this things-will-always-work-itself-out mentality that I first viewed the losses in my retirement plan. I just let it go. Very, very quickly things got from bad to worse.
So, I just went online and with the help of co-worker Nelson, figured out how to change my investment allocation type from "growth" to "conservative". I hope that this willl slow down the speed of my losses enough so that after this blows over I'll still have some money left. I hope all you folks out there are doing okay. I still do believe that things will work itself out. In the meantime, anybody need a photographer . . . cheap?
Surf Report 05-24-2013 - Waves: 2-3 feet Wind: Light Shucks! The waves came down but it was still so much fun! Completely satisfied!!!!!! Check back for plenty good pics! Sent from m...
4 hours ago