I’m not elderly, yet, but I’ve pretty much given up on much of a “retirement.” I imagine that a lot of us who had tried to set money aside for the future will have to get creative in our old age in order to survive. Right now, as I ponder just how much the dollar will be worth in 2-3 years, I’m seriously thinking of cashing out what I do have invested for retirement and using it NOW rather than wait until it’s worth a small percentage of it’s current value. These are scary and very uncertain times.
Cash was King all during the Depression, don’t lose hope just yet.