Comments on: Don’t give up on retirement! http://www.countingmypennies.com/2009/07/08/dont-give-up-on-retirement/ Thu, 29 Jul 2010 14:39:51 +0000 http://wordpress.org/?v=2.9.2 hourly 1 By: Tina http://www.countingmypennies.com/2009/07/08/dont-give-up-on-retirement/comment-page-1/#comment-6539 Tina Sat, 03 Oct 2009 13:46:34 +0000 http://www.countingmypennies.com/?p=1258#comment-6539 I try to make myself think of it as buying retirement products on sale - after all if the market is depressed, I'm getting more share for the dollar! It's funny - before the bottom dropped out of the market 07-08, I couldn't bring myself to invest in it, it just seemed so expensive (and now I know that it was over valued!) so when I moved my Roth IRA from Putnam to Fidelity I couldn't bring myself to rediversify back out of the cash account. Finally worked up the guts to invest in a couple of no load, low cost mutual funds in August 09 and watched them take off, go figure. I try to make myself think of it as buying retirement products on sale – after all if the market is depressed, I’m getting more share for the dollar!

It’s funny – before the bottom dropped out of the market 07-08, I couldn’t bring myself to invest in it, it just seemed so expensive (and now I know that it was over valued!) so when I moved my Roth IRA from Putnam to Fidelity I couldn’t bring myself to rediversify back out of the cash account. Finally worked up the guts to invest in a couple of no load, low cost mutual funds in August 09 and watched them take off, go figure.

]]> By: TGIF Round Up: Summer concerts edition | Frugal Living Tips & Money Saving Ideas | Living Well on Less http://www.countingmypennies.com/2009/07/08/dont-give-up-on-retirement/comment-page-1/#comment-4592 TGIF Round Up: Summer concerts edition | Frugal Living Tips & Money Saving Ideas | Living Well on Less Fri, 10 Jul 2009 12:04:20 +0000 http://www.countingmypennies.com/?p=1258#comment-4592 [...] Counting My Pennies has some advice for retirement saving. [...] [...] Counting My Pennies has some advice for retirement saving. [...]

]]> By: Frugal Urbanite http://www.countingmypennies.com/2009/07/08/dont-give-up-on-retirement/comment-page-1/#comment-4551 Frugal Urbanite Thu, 09 Jul 2009 14:41:01 +0000 http://www.countingmypennies.com/?p=1258#comment-4551 Part of the problem seems to be that people have trouble with the idea that when they put money into an investment fund, they ARE buying something. You haven't 'lost' any money until you withdraw the funds or sell stocks for less than you bought them for. My parents' retirement accounts weathered 3 big stock drops over the 30+ years they worked, but they still came out way, way, way ahead in the end. It's just a matter of having OTHER retirement money saved up so you can afford not to pull from mutual/investment funds if the market is down. Part of the problem seems to be that people have trouble with the idea that when they put money into an investment fund, they ARE buying something. You haven’t ‘lost’ any money until you withdraw the funds or sell stocks for less than you bought them for.

My parents’ retirement accounts weathered 3 big stock drops over the 30+ years they worked, but they still came out way, way, way ahead in the end. It’s just a matter of having OTHER retirement money saved up so you can afford not to pull from mutual/investment funds if the market is down.

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