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03-23-2020 07:30 AM
I won't check mine --- as I don't want my heart to stop! It is what it is now, so no point in it. After this is all over, I won't even check it because I know it will be bad. I'm just going to wait and try not to think about it -- much.
03-23-2020 08:27 AM
@SilleeMee wrote:I'm receiving a state pension retirement fund now. I haven't had a COL increase in two years. They told us we might get one this year but that is doubtful. I'm concerned that they may decrease my monthly pension. It's my only income.
Let's hope your state does not reduce your pension.
New Jersey froze the COL on all state pensions in 2011. The cloud has a little silver lining. Most retirees have their medical benefits paid for by the state. Things will be different for younger teachers.
03-23-2020 11:06 AM
I am now happy I took my social security at 64. people laughed at me to wait till 70
which I said enjoy what you can now who knows what the future will be.I can use the money now and able to enjoy it now. .Alot of us may not be around next year to enjoy what they earned all these years.
04-04-2020 01:01 PM
as of today 401ks are down 30% of what you have in your account. OUCH....
04-04-2020 01:11 PM
@heart of savino wrote:as of today 401ks are down 30% of what you have in your account. OUCH....
Not necessarily. It all depends on your asset allocation. Someone who is heavily weighted in equities would be more likely to see a higher decline than someone heavily weighted in fixed income. It's not a one-sized fits all, blanket change.
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