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<blockquote data-quote="farmerjan" data-source="post: 1607490" data-attributes="member: 25884"><p>You are young enough to see a bad crash and then regain if things get better. It took me about 7-8 years to get back what I had lost. And at my age, I am not willing to have a big chunk of it disappear and not have the time to make it back. I do keep about 20-30 % in higher risk and have done okay, but not as good as they did back years ago. And I watch it pretty close. We only have a certain number of things we can invest in, offered through the company with the money I put into the retirement.</p><p></p><p>My employer also matches; up to 5% . Yep free money and I take full advantage of that. But if you are putting alot more into retirement that is not matched, then I think you still might be a bit better off, and SAFER, to get your debt paid down. Since I don't know your situation, I really can't say.... just an observation. I am very concerned that this market is going to make a pretty big correction. I will not lose the bulk of my money this time. </p><p> My "retirement" is/was going to be my cows. They have been as big a roller coastal ride as the stock market..... with the exception that I can always eat them and the cows will reproduce themselves ( for the most part).... so not a complete loss. Lost money on the market is lost. </p><p>Don't know your political affiliation, and not my place to judge.... but if half of the talk of all the far left socialist Democrats is anything near true....and they get into power..... you are going to want to have your money anywhere but where they can tax you at the outrageous rates they are proposing. And please don't be foolish enough to think that they will only tax the 1% of the 1% wealthiest. Those are the guys who are alot smarter than me, and they will be sheltered in every way they can be, they will move themselves and their money out of this country, and then it will start hitting the "well-off" to pay for all this stuff.... I just hope that it never gets to where they can just come in and take your land..... But if they tax it to the point where you can't pay it, (think Civil War -carpetbaggers etc.) it is just another form of "legal stealing"... Somehow, I am sure they won't be forgiving your debt though... because as long as you are struggling to pay it they are getting some money.</p></blockquote><p></p>
[QUOTE="farmerjan, post: 1607490, member: 25884"] You are young enough to see a bad crash and then regain if things get better. It took me about 7-8 years to get back what I had lost. And at my age, I am not willing to have a big chunk of it disappear and not have the time to make it back. I do keep about 20-30 % in higher risk and have done okay, but not as good as they did back years ago. And I watch it pretty close. We only have a certain number of things we can invest in, offered through the company with the money I put into the retirement. My employer also matches; up to 5% . Yep free money and I take full advantage of that. But if you are putting alot more into retirement that is not matched, then I think you still might be a bit better off, and SAFER, to get your debt paid down. Since I don't know your situation, I really can't say.... just an observation. I am very concerned that this market is going to make a pretty big correction. I will not lose the bulk of my money this time. My "retirement" is/was going to be my cows. They have been as big a roller coastal ride as the stock market..... with the exception that I can always eat them and the cows will reproduce themselves ( for the most part).... so not a complete loss. Lost money on the market is lost. Don't know your political affiliation, and not my place to judge.... but if half of the talk of all the far left socialist Democrats is anything near true....and they get into power..... you are going to want to have your money anywhere but where they can tax you at the outrageous rates they are proposing. And please don't be foolish enough to think that they will only tax the 1% of the 1% wealthiest. Those are the guys who are alot smarter than me, and they will be sheltered in every way they can be, they will move themselves and their money out of this country, and then it will start hitting the "well-off" to pay for all this stuff.... I just hope that it never gets to where they can just come in and take your land..... But if they tax it to the point where you can't pay it, (think Civil War -carpetbaggers etc.) it is just another form of "legal stealing"... Somehow, I am sure they won't be forgiving your debt though... because as long as you are struggling to pay it they are getting some money. [/QUOTE]
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