My 401K and other investments are down about $8000 since yesterday, I can understand why they're skittish about it.
Fortunately, I'll have over $1,000,000 in savings to help tide me over through my golden years, which begin in 430 days. And I'm hoping that will be enough.
SS and Medicare will not last forever, gang. And without those, a lot of people are just going to have to die poor.
Don't be one of them. Pay yourself first, right into your savings and investments, even before you pay your bills. You'll soon not even miss it. Pay off ALL your credit cards EVERY MONTH. And if you start when you're young, you'll retire a multimillionaire.
If all you do is wring your hands and pray for government programs, the lottery, or big inheritance, you'll be screwed.
"My 401K and other investments are down about $8000 since yesterday"
And I have one stock that by itself lost $13,000 yesterday. We're not in the market on a day-by-day basis. :)
Good plan.