Worried about retirement? I’m not.

Is the world as we know it coming to an end? Instead of investing in the stock market, should I begin purchasing adult diapers and a pacemaker? Is retirement going to be hell on earth no matter what I do ? I read an article on Bloomberg (yes contrary to popular belief, I do know how to read) discussing the confidence individuals have when thinking about their retirement. The full article can be found here , but this is the gist of it….

The survey of 1,257 individuals in the U.S. found that 13 percent feel very confident about having enough money to live comfortably in retirement, the lowest level since the Washington-based Employee Benefit Research Institute started asking the question in 1993. Retirees who feel very confident about continuing to be financially secure in retirement also decreased to a new low of 20 percent from 29 percent a year earlier..

Add me to that 13% of “very confident” individuals that believe they will have enough money come retirement days. I have no reason to believe, that over time, long term investing in mutual index funds is a bad choice. We hear some say “Get out of the market while you still can.” While others preach “The stocket market is on sale…buy, buy, buy.” Although I do believe the stock market is at an artificial and very temporary low, I do not plan to drastically change my investment strategies . I am not an emotional investor and I’m in it for the long haul. Like everyone else, I have seen my portofolio cut in half, but I refuse to allow the emotionality of the market affect my long term goals.

I know my opinions mean nothing, in fact I would likely have a different stance if I was 53 instead of 23. Call me an optimist, but I like to think of myself as a realist. I would hope after 40 years of consistent/solid investing, I would have a large enough nest egg to live comfortably. If that strategy doesn’t work, I have no clue what will. There are few strategies that rival the consistency of the S&P 500 over the long term. I guess I could do what the commercials have been telling me to do and liquidate everything so I can buy gold!?…not!

Roth IRA baby,

6 thoughts on “Worried about retirement? I’m not.

  1. I would prefer to die right at the age of retirement, and not have to worry about paying for it.

    Spend your money now, while you can enjoy it!

    I don’t know why anybody would buy gold right now, as it is textbook definition of buying high and selling low.

  2. Donnie– I never thought about keeling over when retirement time comes. I think that is a great philosophy!!!! Haha, it’s one way to avoid the fear of being able to live comfortably.

    As for the gold commercials, I totally agree. It’s a joke and I can’t help but laugh at some of the actors in those videos. Maybe I should change my url to punchgoldintheface.com ?

  3. Thanks Dr. Faith for the link. I didn’t know where the comic originally came from because it appeared on a google search. I’m always willing to give credit where credit is due 🙂 Thanks again!

  4. I subscribe to what I like to call the “La La La” school of retirement:

    1) Put 10%-12% of my income in a retirement account.
    2) Make sure my asset allocation is appropriate for my age (26).
    3) Start singing “La La La” every time I view my accounts and see my overall return rate of ~-40%.

    PS-Love the blog. It’s made my laugh out loud several times.

  5. Nicole– Totally digging the La la la method. Im going to have to implement that next time I turn on the news. I’m diggin’ your dedication to to your retirement accounts. Cant wait until the day we can kick back on the beach and laugh at all the suckers that missed the bottom of the market.

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