Quote:
Originally Posted by billscamaros
Here's a tidbit that I'll toss out ..... it doesn't have anything to do with the overall thread topic - Investing 102 - but it is relative to this thread and it's timing in my world ......
I mentioned in my first post in this thread that the topic has motivated me to look at my retirement accounts. I had an IRA account with some dollars that were sitting in "cash reserve", and so I used the theory of this thread to move that cash into several stocks. Then, I looked at my current 401K and rebalanced those funds so that hopefully this coming year I'll see some growth there, other than my contribution.
Since I was on a roll, I decided to contact two previous employers concerning any pension benefits that I may have. I had rolled my retirement account dollars from one employer to the next as I moved thru my career, but I hadn't thought about much beyond that. So I contacted my employer from the 1989 thru 2000 timeframe and asked about any pension benefits, beyond my 401K. Lo and behold, when I retire at 65, I'll receive a small pension from them! Feeling good, I called my 1983 thru 1989 employer ... yep, pension cash from them also once I retire.
Although I'm only 52 and don't plan to retire until my mid-60's .... I'll pull in close to $800/month more than I had anticipated. All due to the energy around this thread!!!!
Now for that old man I cut grass for when I was in elementary school ......
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That is the best friggin' news I've heard all year! Good for you Bill!
Funny how we ALL somehow manage to kind of "disassociate" ourselves from our retirement and the funds etc. Yet - it is one of the most important things that we can, and should, manage to the best of our abilities!
Simple functions such as just being AWARE of what the money is doing - or not doing - and then spending as little as a couple of hours here and there a YEAR - to make sure there is something there when you'll really want it. All to often people start to take control AFTER they have retired. WTF - the time to do that is NOW -- when most have TIME on their sides to make hay while the sun shines....