Comment: Confiscated or devalued...

(See in situ)

In reply to comment: I've stopped contributing to (see in situ)

Confiscated or devalued...

I don't have much faith in retirement plans either, since they are all ultimately Ponzi schemes of one stripe or another. I'd rather have some tangible property where I don't get an email at 3:00am telling me all my money is gone. Madoff, MF Global, etc.

I say that, but given that the oldest baby boomers are now 66, it might be worthwhile to get back in the stock market in about 5 years when it's half its current valuation from all the 401(k) selloffs.

Author of Shades of Thomas Paine, a common sense blog with a Libertarian slant.

http://shadesofthomaspaine.blogexec.com

Also author of Stick it to the Man!

http://www.amazon.com/Stick-Man-Richard-Moyer/dp/1484036417