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November 20, 2009

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Sara

I am so happy to hear that you won't be a 101-year old bag lady... But the downside is that your dad is worried that he is going to have to take care of you when you get so old!

morrison

Um, Syd, if you had put your money into an FDIC bank account, wouldn't you have had the same result: you'd have the same money this year as last year, only you would have made a bit of interest, not felt poorer or decimated for one second, or had to lower your standard of living by spending less (more frugal)?

I'm just saying.

Maybe you are back to square one, but who's to say you won't go back down 50% in the near or far future due to Wall Street?

Who needs such angst?

Retired Syd

Morrison: Indeed, that would have been the case . . .

Sara

Here's My Story. Or..The Miracle of Compound Interest.

25 years ago we went down Mexico way to what they now call the Mayan Riviera. We got our $25 hotel, ate peanut butter sandwiches in the car, snuck into the all inclusive resorts and peeked through the windows as they ate lobster & champagen. But we snorkeled with the best resort goers in the free ocean. In Other Words...we saved our money.

Last week we traveled down to the beautiful Xcaret resort, marched right up to the front desk and check in. We had a blast both times!

Retired Syd

Or you can call it another silver lining to the recession, I know for a fact that you barely paid any more for that all-inclusive trip than you did 25 years ago (after adjusting for inflation, of course . . .)

r4i

When a man retires and time is no longer a matter of urgent importance, his colleagues generally present him with a watch.

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