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I wasn't opposed to SS being privatized initially, til I lost more than half of my retirement fund when the market crashed in 2008. I'm too old to be starting over from scratch, and I moved my money to a bond fund the day that Lehman went under so I didn't lose as much as most of my co-workers who don't pay attention.
In that same realm, my employer recently announced that they are ending our pension plan (what we have in there is staying and will earn interest) and instead putting the money they typically give us annually into our retirement savings plan. My initial thought was "Ok, I'll just make sure that money goes into one of the safer funds" and then found out it will be distributed among funds in the same percentages as regular retirement savings plan funds. I considered the pension plan the "safe" money and the retirement savings plan as the "risk" money. Now I have to figure out how to keep the right mix so I don't have all my eggs in one basket. It's giving me a headache.
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