I’m not nearly as upset about my retirement fund losses as I am concerned for my children’s losses. Hubby and I have and still can survive on very little, but, sadly, I don’t believe my kids are as well equipped as I am. Hopefully, some of my survival skills will be remembered by them should it become necessary. They come to me now for advice and, truthfully, I don’t know what to tell them. If their employer is contriburing to their fund, I usually advise them to hang in there and hope the funds will recover, but it is scary when their quarterly statements always show a loss even though monies are being continually deposited.
>>>I’m not nearly as upset about my retirement fund losses as I am concerned for my children’s losses.<<<
Well, I figure that by my living frugally, they will have the balance in the estate - not that it would even come close to covering what the government is indebting them for.
>>>If their employer is contriburing to their fund, I usually advise them to hang in there and hope the funds will recover, but it is scary when their quarterly statements always show a loss even though monies are being continually deposited.<<<
If there is an employer match or addition, definitely!
Otherwise, they should check - They should be able to move it to a secure investment. But that won’t recoup their losses, only realizes them. Hard choice to make.