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<blockquote data-quote="farmerjan" data-source="post: 1623606" data-attributes="member: 25884"><p>I am certainly no expert and really have a hard time understanding most of it. Have tried different firms that offer advice and all and still just don't get the hang of it. Do not have the knack for it. Not going to obsess. I lost 1/2 of my meager retirement in the 2008 fiasco, and when it finally got back to what I had, I moved 75% into a "safe fund" that pays about 2 1/2% with no ties to the stock market and next to no chance of ever losing it. It is insured. I only contribute what the company matches and the rest I have also "put into 4 legged stock". </p><p> Nope, they don't make alot, they don't make money all the time, but when they do, I do okay. They are paying their expenses and giving me what my target was of 1-2 calves a month to sell, averaged over the year. That on top of my SS I can live on. Still testing a little adds some extra. I haven't started taking anything out of the retirement, and it will be very little anyway since I didn't ever put much in and started way late, but that is still "found money" for the future. Have to pay off a couple credit cards, and I don't owe on anything else. </p><p>I still garden, and can and freeze, have all my own beef and meat, and do wish that there was a "younger generation" that had that feeling of being "out of time" like I did when I was a kid growing up, so that I could "mentor" them and have someone who would be able to help me along in my "tottering old age".... </p><p> I will have to start taking out of the retirement/401K in a few years, @70 I think? Got to talk to a tax guy about it. I am not going to lose alot of sleep over it and watching my parents and their whole situation, and the costs for in home care, and constant worry by my father since his near complete recovery from the stroke, not wanting to consider a retirement home which would be better for my mom and she would get more help/care and would not have gotten so far "down" because my father does not want to make her do the exercises and activities that the doctors want ...."because it's too hard for her".... so she is slowly losing all her mobility and her brain is just stagnating.... I just don't see where it is worth the headaches. </p><p>I made sure I got a top notch medicare and supplement plan, and sure hope to just die of a heart attack, or in my sleep, like a mid 70's neighbor farmer did this past week. If I get some horrible thing, like cancer, don't plan to hang around and suffer for years and treatments without a very good chance of beating it. </p><p></p><p>The best of luck to all with your investing and all. If I had many wants maybe I would feel different, but there just isn't much I want to do or places I really want to go to need much money. If there were grandchildren, maybe I would feel different. But I have watched alot of money mismanagement in past generations of in my family, and the following generations haven't done much better and the "worrywart" lifestyle of my father has convinced me that it is just not worth it. I can provide for my basics like food and clothing, and enjoy the little things in life.</p></blockquote><p></p>
[QUOTE="farmerjan, post: 1623606, member: 25884"] I am certainly no expert and really have a hard time understanding most of it. Have tried different firms that offer advice and all and still just don't get the hang of it. Do not have the knack for it. Not going to obsess. I lost 1/2 of my meager retirement in the 2008 fiasco, and when it finally got back to what I had, I moved 75% into a "safe fund" that pays about 2 1/2% with no ties to the stock market and next to no chance of ever losing it. It is insured. I only contribute what the company matches and the rest I have also "put into 4 legged stock". Nope, they don't make alot, they don't make money all the time, but when they do, I do okay. They are paying their expenses and giving me what my target was of 1-2 calves a month to sell, averaged over the year. That on top of my SS I can live on. Still testing a little adds some extra. I haven't started taking anything out of the retirement, and it will be very little anyway since I didn't ever put much in and started way late, but that is still "found money" for the future. Have to pay off a couple credit cards, and I don't owe on anything else. I still garden, and can and freeze, have all my own beef and meat, and do wish that there was a "younger generation" that had that feeling of being "out of time" like I did when I was a kid growing up, so that I could "mentor" them and have someone who would be able to help me along in my "tottering old age".... I will have to start taking out of the retirement/401K in a few years, @70 I think? Got to talk to a tax guy about it. I am not going to lose alot of sleep over it and watching my parents and their whole situation, and the costs for in home care, and constant worry by my father since his near complete recovery from the stroke, not wanting to consider a retirement home which would be better for my mom and she would get more help/care and would not have gotten so far "down" because my father does not want to make her do the exercises and activities that the doctors want ...."because it's too hard for her".... so she is slowly losing all her mobility and her brain is just stagnating.... I just don't see where it is worth the headaches. I made sure I got a top notch medicare and supplement plan, and sure hope to just die of a heart attack, or in my sleep, like a mid 70's neighbor farmer did this past week. If I get some horrible thing, like cancer, don't plan to hang around and suffer for years and treatments without a very good chance of beating it. The best of luck to all with your investing and all. If I had many wants maybe I would feel different, but there just isn't much I want to do or places I really want to go to need much money. If there were grandchildren, maybe I would feel different. But I have watched alot of money mismanagement in past generations of in my family, and the following generations haven't done much better and the "worrywart" lifestyle of my father has convinced me that it is just not worth it. I can provide for my basics like food and clothing, and enjoy the little things in life. [/QUOTE]
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