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January 21, 2008

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Minerva

Add to it a retirement in a down dollar. I was originally planning to spend more of my retirement time in Europe, but Bushiites and their insane (not to mention illegal) Iraq war stole about 40% of purchasing power (vis a vis euro) of those retirees that have their pensions, etc. in dollars.

Cheryl

Yeah, Europe is pretty much out of the question these days even to visit, never mind living there. Although, Europeans (those not dependent on US $$) are loving their buying power right now.

On Tuesday when the market was so low, I purchased a couple of stocks that pay dividends. I don't have much in a taxable stock account, it's more fun and games, and even though I had some losses, my gains have exceeded them.

My retirement money is in the federal government's TSP program where I have the max amount I can invested every pay period split between 3 index funds (S&P, Wilshire 5000 and Barclays EAFE). I've watched it go up and down, but mostly up. During times like this, I know that I am purchasing shares at a lower cost. I also contribute every pay period to a mutual fund in my Roth IRA.

It really is a crap shoot, though. Syd, you are very fortunate (and wise) to have 3 years living expenses saved up! And only 6 weeks to go, you must be very excited.

Retired Syd

Minerva:

And can you imagine the size of the economic stimulus plan that would have been available right now to our legislators if they simply had all the money from that war available to divide up among each American as a rebate? Talk about stimulating the economy!!!!!!!

Cheryl:

You're doing the right thing not panicking and taking advantage of buying on the dips--in the long run, you will be happy you did.

A commenter on Canadian Dream's blog suggested 5 years cash reserves and I began to get a little nervous. Tim (at same blog) put me at ease though with the brilliant idea that I could always pick up a little part-time job to help that cash last longer. So, no need to be nervous, just keep in mind ALL the options!

Retired Syd

P.S. (And yes, 5 weeks now and VERY excited!)

The Digerati Life

Fascinating. We're completely in the same boat. I'm planning to call it quits at my job in a few months. I also lost a ton during the dot com bust. :) Now your background has fascinated me!

Retired Syd

Aah, losing money during the dot-com era: misery loves company, huh?

As a Digerati Life subscriber, I have also been fascinated to read about your journey to retirement. Keep 'em coming!

RetiredSyd

Trading Forex

Perhaps this is not the perfect time to retire but you all seem like smart people who dared to think way ahead so for you there will always be a place under the sun- best of luck! And lets hope ti will brighten up very soon.

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