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Don't look at your investments
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon  
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Posted 6/14/22 8:19 AM  |
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RomeyT
LIF Infant
Member since 1/21 355 total posts
Name:
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Re: Don't look at your investments
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
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| Posted 6/14/22 10:34 AM |
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NervousNell
Just another chapter in life..
Member since 11/09 54921 total posts
Name:
..being a mommy and being a wife!
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Re: Don't look at your investments
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
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| Posted 6/14/22 10:53 AM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: Don't look at your investments
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
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| Posted 6/14/22 10:56 AM |
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StaceyWill
It's a girl!!!
Member since 6/10 21539 total posts
Name:
Stacey
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Re: Don't look at your investments
Posted by NervousNell
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
Grocery prices are gross right now. On the bright side, I finally shopped at Aldi and our grocery bill was down by $150 last week. They don't have everything we need, so I had to also shop at our usual grocery store - but it was still a win.
Except the orange juice from Aldi...Hate it. LOL.
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| Posted 6/14/22 11:29 AM |
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NervousNell
Just another chapter in life..
Member since 11/09 54921 total posts
Name:
..being a mommy and being a wife!
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Re: Don't look at your investments
Posted by StaceyWill
Posted by NervousNell
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
Grocery prices are gross right now. On the bright side, I finally shopped at Aldi and our grocery bill was down by $150 last week. They don't have everything we need, so I had to also shop at our usual grocery store - but it was still a win.
Except the orange juice from Aldi...Hate it. LOL.
Do you have a Lidl near you? I find they are even better than Aldi- a nicer store with more options. And the prices are just as good!
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| Posted 6/14/22 11:32 AM |
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Re: Don't look at your investments
Posted by NervousNell
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
I usually like to buy Quaker Rice Cakes for a snack at work. They literally went up 28 cents in ONE week. That is just ridiculous.
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| Posted 6/14/22 11:35 AM |
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StaceyWill
It's a girl!!!
Member since 6/10 21539 total posts
Name:
Stacey
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Re: Don't look at your investments
Posted by NervousNell
Posted by StaceyWill
Posted by NervousNell
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
Grocery prices are gross right now. On the bright side, I finally shopped at Aldi and our grocery bill was down by $150 last week. They don't have everything we need, so I had to also shop at our usual grocery store - but it was still a win.
Except the orange juice from Aldi...Hate it. LOL.
Do you have a Lidl near you? I find they are even better than Aldi- a nicer store with more options. And the prices are just as good!
Yes. There's one not to far away. I'll try them also. Thanks!
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| Posted 6/14/22 11:35 AM |
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Re: Don't look at your investments
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Many of us will never retire but still the money we are saving would still help when we are older.
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| Posted 6/14/22 11:39 AM |
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Re: Don't look at your investments
Posted by StaceyWill
Posted by NervousNell
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
Grocery prices are gross right now. On the bright side, I finally shopped at Aldi and our grocery bill was down by $150 last week. They don't have everything we need, so I had to also shop at our usual grocery store - but it was still a win.
Except the orange juice from Aldi...Hate it. LOL.
I budget $120 TOTAL a week lol. I sometimes go over by $20 but I try and stay the same amount. I also have 2 kids who have been buying a lot of their own food lately so that has helped.
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| Posted 6/14/22 11:40 AM |
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Deeluvsvinny
DONE
Member since 10/08 4952 total posts
Name:
Whatever
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Re: Don't look at your investments
Posted by StaceyWill
Posted by NervousNell
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
Grocery prices are gross right now. On the bright side, I finally shopped at Aldi and our grocery bill was down by $150 last week. They don't have everything we need, so I had to also shop at our usual grocery store - but it was still a win.
Except the orange juice from Aldi...Hate it. LOL.
I saw a random article (can't rememeber where) that said grocery price inflation is here to stay, so we need to just get used to it and adjust our shopping/expections. I hate this.
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| Posted 6/14/22 12:02 PM |
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NervousNell
Just another chapter in life..
Member since 11/09 54921 total posts
Name:
..being a mommy and being a wife!
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Re: Don't look at your investments
Posted by Deeluvsvinny
Posted by StaceyWill
Posted by NervousNell
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
Grocery prices are gross right now. On the bright side, I finally shopped at Aldi and our grocery bill was down by $150 last week. They don't have everything we need, so I had to also shop at our usual grocery store - but it was still a win.
Except the orange juice from Aldi...Hate it. LOL.
I saw a random article (can't rememeber where) that said grocery price inflation is here to stay, so we need to just get used to it and adjust our shopping/expections. I hate this.
Yeah the prices never go down. The economy can turn around, inflation slow down, but no corporation is going to lower their prices in response. They will just make more profit.
I also wonder about price gouging right now. I saw something on the news that dairy went up like 11%- well when I bought eggs at BJ's the other day they had doubled. So that makes no sense. I feel like stores can take advantage of the rising prices to raise them even more than the inflation rates.
It's pretty sad
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| Posted 6/14/22 12:24 PM |
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Re: Don't look at your investments
Posted by NervousNell
Posted by Deeluvsvinny
Posted by StaceyWill
Posted by NervousNell
Posted by RomeyT
Posted by windyweather21
if you normally do. I literally sat there with my mouth open this morning. Guess no one will be retiring anytime soon
Don’t forget about inflation that makes your dollar worth much less than a year ago. Too bad that nobody’s to blame for this cluster fkkk
The price of food and groceries is truly horrifying.
I don't even like to go food shopping anymore because I get nauseous over the prices.
I'd rather DH just do it and not tell me how much everything was because my anxiety can't handle it
Grocery prices are gross right now. On the bright side, I finally shopped at Aldi and our grocery bill was down by $150 last week. They don't have everything we need, so I had to also shop at our usual grocery store - but it was still a win.
Except the orange juice from Aldi...Hate it. LOL.
I saw a random article (can't rememeber where) that said grocery price inflation is here to stay, so we need to just get used to it and adjust our shopping/expections. I hate this.
Yeah the prices never go down. The economy can turn around, inflation slow down, but no corporation is going to lower their prices in response. They will just make more profit.
I also wonder about price gouging right now. I saw something on the news that dairy went up like 11%- well when I bought eggs at BJ's the other day they had doubled. So that makes no sense. I feel like stores can take advantage of the rising prices to raise them even more than the inflation rates.
It's pretty sad
It is ridiculous when you know the stuff they are increasing is the same things that were sitting on that shelf last week. They didn't need to be transported to get into the store.
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| Posted 6/14/22 12:27 PM |
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RomeyT
LIF Infant
Member since 1/21 355 total posts
Name:
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Re: Don't look at your investments
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Uh huh. And what do you tell clients who are retiring in the next 12 months? Or those who may have to go out early because of a disability? “Tough tiddies”?
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| Posted 6/14/22 12:49 PM |
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NervousNell
Just another chapter in life..
Member since 11/09 54921 total posts
Name:
..being a mommy and being a wife!
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Re: Don't look at your investments
Posted by RomeyT
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Uh huh. And what do you tell clients who are retiring in the next 12 months? Or those who may have to go out early because of a disability? “Tough tiddies”?
I was just talking to someone at work and he was like- I only have about a year left until I planned to retire- I don't have the time to recoup this.
It's really scary
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| Posted 6/14/22 1:00 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: Don't look at your investments
Posted by NervousNell
Posted by RomeyT
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Uh huh. And what do you tell clients who are retiring in the next 12 months? Or those who may have to go out early because of a disability? “Tough tiddies”?
I was just talking to someone at work and he was like- I only have about a year left until I planned to retire- I don't have the time to recoup this.
It's really scary
Going out early on disability would not mean that the early penalty is eliminated. You still need to be deemed disabled and if that is so - your income sources may include SSI, disability payments from insurance etc. That is a case by case basis.
If you are one planning on retirement within a year or 2, one should have an asset allocation that reflects that thus making the portfolio and cash reserves appropriate for the distribution/income stage from the accumulation stage.
This is assuming that the person retirement has taken some steps in planning for retirement.
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| Posted 6/14/22 2:03 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: Don't look at your investments
Posted by RomeyT
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Uh huh. And what do you tell clients who are retiring in the next 12 months? Or those who may have to go out early because of a disability? “Tough tiddies”?
No, not "tough tiddies". Retirement planning is usually a long term goal and market fluctuations are accounted for and planned for. Planning can include asset allocation, utilizing income sources and planned cash reserves.
If someone is retiring in a year and will need to access their retirement funds - their portfolio allocation should not look the same as someone who is 10 years out from retirement.
Message edited 6/14/2022 3:06:56 PM.
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| Posted 6/14/22 3:06 PM |
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Re: Don't look at your investments
Posted by CookiePuss
Posted by RomeyT
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Uh huh. And what do you tell clients who are retiring in the next 12 months? Or those who may have to go out early because of a disability? “Tough tiddies”?
No, not "tough tiddies". Retirement planning is usually a long term goal and market fluctuations are accounted for and planned for. Planning can include asset allocation, utilizing income sources and planned cash reserves.
If someone is retiring in a year and will need to access their retirement funds - their portfolio allocation should not look the same as someone who is 10 years out from retirement.
Good luck with that as do you know the average amount people have in their retirement funds is less than $100,000.
The survey, on the whole, found that Americans have grown their personal savings by 10% from $65,900 in 2020 to $73,100 in 2021. What's more, the average retirement savings have increased by a reasonable 13%, from $87,500 to $98,800.May 11, 2022.
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| Posted 6/14/22 3:09 PM |
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CookiePuss
Cake from Outer Space!
Member since 5/05 14021 total posts
Name:
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Re: Don't look at your investments
Posted by windyweather21
Posted by CookiePuss
Posted by RomeyT
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Uh huh. And what do you tell clients who are retiring in the next 12 months? Or those who may have to go out early because of a disability? “Tough tiddies”?
No, not "tough tiddies". Retirement planning is usually a long term goal and market fluctuations are accounted for and planned for. Planning can include asset allocation, utilizing income sources and planned cash reserves.
If someone is retiring in a year and will need to access their retirement funds - their portfolio allocation should not look the same as someone who is 10 years out from retirement.
Good luck with that as do you know the average amount people have in their retirement funds is less than $100,000.
The survey, on the whole, found that Americans have grown their personal savings by 10% from $65,900 in 2020 to $73,100 in 2021. What's more, the average retirement savings have increased by a reasonable 13%, from $87,500 to $98,800.May 11, 2022.
What are the parameters and variables being used to get to that average? Savings - is that non qualified, qualified or both to get to the 10% number?
But what "good luck with that"? I don't understand the sentiment you are trying to get across. I'm sure on this board - retirement assets vary widely even if demographics are kept rather static. Some of us have deferred comp in addition to employer contribution plans. Some of us have pensions and an ability to contribute to employer plans, some of us have nothing but a traditional IRA and/or Roth.
And if you are trying to show me how little people save for retirement; the effect of the stock market on their investments which are minimal, would have a minimal effect on their retirement planning.
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| Posted 6/14/22 3:27 PM |
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Re: Don't look at your investments
Posted by CookiePuss
Posted by windyweather21
Posted by CookiePuss
Posted by RomeyT
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Uh huh. And what do you tell clients who are retiring in the next 12 months? Or those who may have to go out early because of a disability? “Tough tiddies”?
No, not "tough tiddies". Retirement planning is usually a long term goal and market fluctuations are accounted for and planned for. Planning can include asset allocation, utilizing income sources and planned cash reserves.
If someone is retiring in a year and will need to access their retirement funds - their portfolio allocation should not look the same as someone who is 10 years out from retirement.
Good luck with that as do you know the average amount people have in their retirement funds is less than $100,000.
The survey, on the whole, found that Americans have grown their personal savings by 10% from $65,900 in 2020 to $73,100 in 2021. What's more, the average retirement savings have increased by a reasonable 13%, from $87,500 to $98,800.May 11, 2022.
What are the parameters and variables being used to get to that average? Savings - is that non qualified, qualified or both to get to the 10% number?
But what "good luck with that"? I don't understand the sentiment you are trying to get across. I'm sure on this board - retirement assets vary widely even if demographics are kept rather static. Some of us have deferred comp in addition to employer contribution plans. Some of us have pensions and an ability to contribute to employer plans, some of us have nothing but a traditional IRA and/or Roth.
And if you are trying to show me how little people save for retirement; the effect of the stock market on their investments which are minimal, would have a minimal effect on their retirement planning.
My point is that most don't have much saved no matter if they get a pension or something from their employer or not.
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| Posted 6/14/22 3:39 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Don't look at your investments
I ask my husband not to tell me how bad it is but luckily for us a lot of our assets are tied up in real estate which is still thru the roof. I am anticipating that bubble to burst next but hopefully prices just come down a little and the whole real estate market doesn't come tumbling down.
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| Posted 6/14/22 4:12 PM |
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RomeyT
LIF Infant
Member since 1/21 355 total posts
Name:
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Re: Don't look at your investments
Posted by CookiePuss
Posted by RomeyT
Posted by CookiePuss
For some - this is a windfall especially when we are talking about retirement assets. Most of us on this page are at least 10 years from retirement and we don't always get buying opportunities like this.
Uh huh. And what do you tell clients who are retiring in the next 12 months? Or those who may have to go out early because of a disability? “Tough tiddies”?
No, not "tough tiddies". Retirement planning is usually a long term goal and market fluctuations are accounted for and planned for. Planning can include asset allocation, utilizing income sources and planned cash reserves.
If someone is retiring in a year and will need to access their retirement funds - their portfolio allocation should not look the same as someone who is 10 years out from retirement.
Of course the two types of portfolios wont look the same. My point is if people have not adequately diversified and prepared for retirement the combination of record high inflation and the stock market dumping value is certainly cause for concern. If imminent retirees don't have adequate cash reserves they are going to be forced to sell certain assets at reduced prices and that impacts their overall retirement outlook.
Edit-i have 20 years till I retire (God willing) so worrying about the market is pointless for me. I just like studying the trends.
Message edited 6/14/2022 5:47:34 PM.
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| Posted 6/14/22 5:46 PM |
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lululu
LIF Adult
Member since 7/05 9511 total posts
Name:
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Re: Don't look at your investments
I think a lot of people have been riding the highs of the stock market since we were in a boom period for so long. I think people thought it would never end which is completely naive, but unfortunately this is going to leave a lot of people in a very bad position. Inflation is so high right now I hope it at least starts to level off in the next few years or else we are doomed.
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| Posted 6/14/22 6:32 PM |
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KarenK122
The Journey is the Destination
Member since 5/05 4431 total posts
Name:
Karen
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Don't look at your investments
I just told this to my husband. He is panicking but I'm like it's all cyclical. Stop looking! He has a good 20 years before retiring and it'll turn back around.
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| Posted 6/14/22 7:50 PM |
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