What is your retirement plan?
Aside from the obvious 401k, IRA, etc., how do you plan to support yourself in retirement? The more interesting the better.
My current retirement plan is called Work Until I Die. I hear it's pretty common these days, although not very popular.
I had a 401K when I worked in corporate America, and it was doing pretty well before the crash. I managed to pull my money out, and dump it all into an IRA, before any of the principle I paid in was lost, but I did lose every penny it had earned.
What remained of that money went to paying for cancer surgery with no insurance. It's a good thing I had that money to draw on, or I would have lost my house.
So now, I have very little put by to retire on. I'm going to be working until I can't, and then, I'm not sure what will happen. It's not something I can worry about now, because I'm in my 50s, and it's sort of too late to rebuild what's been lost.
by Anuj Agarwal8 years ago
Is it better to go for a retirement plan that many insurance companies are offering or one should go for savings on personal basis and deposit the money in long term fixed deposits or other safe instruments.
by countrywomen9 years ago
We were just following the news recently where Jon Stewart accused Jim Kramer (and others in the media) for there part in the 401k losses. Both myself and to a great extent my husband's 401k was lost. Recently...
by GA Anderson6 years ago
How is a "Roth" retirement account different from a regular 401k account?
by Linda Liebrand6 years ago
How do you plan for retirement?
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