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I am so afraid

I don't know about you but I am afraid to open my retirement account statements. I had a client tell me today that his accounts were down 35%. He was a General Motors employee. I guess we will alll be working until we are 80 to make up for the latest losses.

As a self-employed person I actually did put away money for retirement. I did the right thing. Do you think I qualify for a governement bailout? I could stand to get back on track for retirement. Should I call George Bush to push the bill through? How are you doing with your retirement?

I can see me now with my walker saying isn't this a great house! Or I am going to be fighting 12 other guys to say hi to people at Wal Mart. I can see it now. All of us old guys will be lined up 12 across. "Hey its my turn you old fart. If you don't let me say hi to the next person I am going to take my teeth out and we'll be fighting."

How are you doing with your retirement accounts? Are you nervous or is it just me?

Posted by Russ Ravary - Michigan Homes for sale - Michigan Real estate & Mortgage info on 10/08/2008 09:07 PM

Comments (3)

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3 Comments on I am so afraid

seems like that only rich profitable companies can get bailouts. We get indirect aid or a $300 (dollars , not billion) stimulus check. Doesnt seem to quite cut it

10/15/2008 09:43 AM

by James Wexler, Scottsdale AZ Luxury Homes (Coldwell Banker) (wexzilla.com)

I think we're all more than just a little worried. Just remember that you only lose money if you sell right now, unless we get one of those wild 997-point upward swings. I've always planned on working 'til I die, though, or until I'm no longer physically or mentally capable of working. Which is why I'm up working at 1:49 in the morning.

There's only 455 people online right now. That's the lowest I've ever seen it since I've been a member, regardless of when I log in. There's always at least 1,200 people online. I think a lot of people are doing something else, looking for something else, looking for additional jobs, or trying to sleep, hoping it's all a dream.

10/16/2008 03:50 AM

by Jim Frimmer, San Diego Realtor (Century 21 Award)

I am a little younger and I have to admit I got excited when mine came. I saw that they had dropped, so I called and told my broker to get another 100 stocks of each. That way when it does go back up and it will, I will have even more retirement for my money.

10/18/2008 12:15 AM

by Todd Clark (Realtor), GRI (Your Washington Co. Real Estate Expert) (Kastings & Associates)

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