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re: Emergency Fund

Posted on 2/25/10 at 10:28 pm to
Posted by bayoudude
Member since Dec 2007
24969 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.
Posted by Cash
Vail
Member since Feb 2005
37249 posts
Posted on 2/25/10 at 10:30 pm to
quote:

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.


It all went way over your head didn't it.
Posted by jglass3lsu
Member since Jan 2007
882 posts
Posted on 2/26/10 at 1:35 pm to
quote:

uess 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.


I'm amazed that people view equity funds as a "safe" class of investments.
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