Sunday, September 21, 2008
What's in your 401K?
If you don't know, you probably don't want to look. The WaPo has a few stories from the DC area if you want to compare your lot with others.
Kenney, 58, had a gauzy vision of what his retirement would look like. A creative type, he didn't want to decamp to Florida or play golf all day. He wanted freedom. That meant having enough money to do only the work that he loved, to compose music, finally get to those two books he's been meaning to write, perhaps buy a farm in Iceland.He should follow the example of Our Dear Leader. If Iraq didn't disturb his sleep, you know this won't.
But after last week, Kenney, like tens of thousands of people reaching retirement age, is being forced to reconsider his future. Glued to his chair in front of two Mac computer screens, chain-smoking Camel Lights, Kenney watched, wide-eyed, as over the course five business days one-third of the value of his retirement savings simply vanished.
He hasn't slept well since.
Subscribe to Posts [Atom]
Post a Comment