Bylaw 1.7(a)(4-3) of this blog’s charter states… ‘A topical post relevant to retirement must be published at least three times a year.‘
“Seriously?! You’re really going to take your readers THERE? You could also write about the virtues of removing impacted wisdom teeth; people are about as interested in that too right now. “
That vexing alter ego of mine. She always knows how to rain on my thoughts.
Yeah, yeah, I know: “she.” You Italians, Irish, and Catholics out there will certainly understand: a Jewish mother doesn’t just die and move on to a heavenly afterlife; she continues to monitor an offspring’s every movement. In my particular case, Mom has been whispering borsht belt-style warnings to me nonstop for the last ten years.
All the same, she does have a point. Retirement finances aren’t exactly at the top of everyone’s list of things to ruminate on at the moment. With the stock market decline completely wiping that earlier smugness from our index fund-owning faces, some of you out there have wisely decided that it’s easier to put energies elsewhere. Such as focusing on health and welfare, perhaps?
But can one completely ignore the blood bath? Even those of us who normally aren’t major news consumers, are at least glued to coronavirus statistics in our local areas. And we should also acknowledge that keeping everything straight was challenging even prior to the onset of this pandemic, what with a president who sucks all the oxygen from our collective mindfulness.
Still, with all of us sitting for endless hours in our homes, I’m telling you right now that I can only count Gayle King’s matching eyewear so many times each morning before I go bonkers.
The experts tell us to ignore the stock market during corrections. Stick to your plan and make no changes. Or alternatively, if you can, add to what you already have by sending in additional funds and take advantage of the dips. I wholeheartedly agree, so I’m being pro-active and am researching elastic futures now. Pretty crafty of me, eh?
For those of you half-covering your eyes while reading this, fear not: I will not be forcing you to visit the soul-sucking details of my own financial situation here. We both know it’s likely to be a very similar dynamic to what’s happening in your own virtual piggy bank. If it’s true that misery loves company, its corollary here is that silence is a source of great strength. So no over-sharing today, I promise.
Unfortunately, Gorgeous and I haven’t been able to completely sit on the sidelines and ignore everything. Late last year, our previous financial advisor decided that his work with us was done. He gave us his recommendations and then promptly ghosted us. He abandoned ship; left us at the alter; gave us the ‘ol toodle-pip. It was completely unexpected, and it forced us to find a totally new one. This was way back when the word “corona” was merely another word for crown. You know, late January
We started up with our new advisor in early March, and only recently finished completed his recommended changes to each of our savings. That we were actually making these changes during the same period as the daily market plunges were happening, only added to the grim and gore. It was kind of like your junior high science teacher forcing you to dissect a frog. Except so much more fun.
Thankfully we’re back to ignoring everything again. Well, I am. Gorgeous is actually one of those people who is adding and buying on the dips. Nobody likes a showoff.
So stay strong out there, my friends. Money is obviously important, but our health and welfare takes precedence over everything, especially now. Keep wearing those masks, stay home still as much as you can, and save that extra carton of eggs for the person patiently standing six feet behind you.
Until next time…