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re: Emergency Fund

Posted on 2/25/10 at 6:06 pm to
Posted by Cash
Vail
Member since Feb 2005
37249 posts
Posted on 2/25/10 at 6:06 pm to
quote:

Whatever floats your boat....




I guess I just know too many people that have been unable to retire because of the way the market has done in the last 10yrs.


They were not able to retire because they didn't properly adjust their asset allocation as they aged not because they were in 401k's, ira's or the market.
Posted by bayoudude
Member since Dec 2007
24971 posts
Posted on 2/25/10 at 10:28 pm to
quote:

They were not able to retire because they didn't properly adjust their asset allocation as they aged not because they were in 401k's, ira's or the market.


Guess you missed what the market has done in the last few years. Many people lost their arse in mutual funds and had to hurry up and freeze their retirement accounts and roll what was left into CD's.
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