If I'll ever be able to retire. A year ago, I was on schedule to hang up my work mouse on December 31, 2014 - at age 66. Then I decided I could probably delay that until 12/31/15 because I love my job and waiting would give me even more social security income.
A year later, although I continue to force feed my 401k, contribute to a Roth IRA and have good investments, I'm almost $40,000 poorer. That's about how much I've lost due to the the Amazing George's financial crisis. I still have a good sized nest egg and lots of equity in my house, but this is playing havoc with all my financial retirement models.
I'm pissed and getting pretty cranky!
Working past 2015 almost seems a certainty right now and that really sucks! I started babysitting at age 10. I had my first paycheck job at 13. I always worked during breaks in high school and I helped put myself through college by working part time the entire time. That means I've been working in one form or another for almost 50 years. and contributing to Social Security for so long the government will simply be returning my principal and interest until I die.
A friend asked my advice on what to do in the current climate - sell, buy, wait? I advised her to just sit it out and wait. It's too late to sell. Buying in such a volatile market doesn't seem prudent. My advice sucks - but it's fairly sound. So I sit and wait and dream of an amazing recovery when Obama takes office and reforms our government.
Barring that, maybe Sarah can teach me how to shoot and dress an elk so I won't starve after I retire in my 80's.