• CreativeWoman said on Jul 14, 2008....

  It does sound scary.  Since you are retirement age, do you qualify for any of the Humana policies?  You might look into AARP.   I think they have some sort of group coverage.  I hope this helps in some way.
  
  CW
  

• woman said on Jul 14, 2008....

  Thanks CW. I will buy the insurance the teacher retirement system offers and hope it's enough. My husband may qualify for SSD and that would solve his problems. Not holding my breath though as he has tried to qualify for sometime now. My appointment with the financial advisor didn't really make me feel any better. He says the market will bounce back but I'm not believing it will happen for some time. Things always have a way of working out but some days it is easy to slide into a little fear.

• silverwhisper said on Jul 15, 2008....

  woman: i don't know how your mutual funds are structured, but i do know that given your age they should mostly be following pretty conservative philosophies, since the higher risk that can yield higher returns is generally best absorbed by younger investors, as their youth allows them to take a longer view.
  
  in this bearish economy, most people are running to bonds & commodities--which is why oil (and hence, gas) prices are the way they are.
  
  assuming you're using mutual funds within the same family or from the same people, consider looking for value-style funds if you aren't already. within the same family of funds, you should be getting credit for the years you've already spent if you wish to migrate some of your assets into a new mutual fund, so classic front-load funds--probably best in your situation from what little i know--shouldn't cost you in fees.
  
  you should definitely discuss this and any other options with a qualified investment professional holding, though.
  
  ed

• woman said on Jul 15, 2008....

  Silverwhisper, I am very impressed with your knowledge on this subject. They are indeed pretty conservative funds. No doubt because of MY AGE!! Yes, that hurt ED!!! I get it, I'm old. Old. Conservative funds also because I did not want to invest in firearms, alcohol, cigarettes, etc. Made a plan with the investment guy. Not sure it will help but we formed a plan. Seriously, thank you for your advice. Kind of you.

• silverwhisper said on Jul 15, 2008....

  heh...i actually went to the trouble of getting a license to sell mutual funds a few months back in a poorly-considered next step for my career, so i know a few things about the game there. i'm just glad that it means that i can provide something helpful. :>
  
  age, i've always felt, is a function of the mind, not the body. and based on your posts & comments, you don't sound like someone who is your apparent age.
  
  sadly, being socially responsible in investing really, really hurts--just goes to show that often, our principles & financial reward are at cross purposes, doesn't it?
  
  ed

• CreativeWoman said on Jul 15, 2008....

  I really do hope this works out well for you.  As you said, things so often do.  Fear is like a little worm sometimes.  It wriggles in, but we have to squash it.  Lord knows, I've had my rounds with it. 
  
  Who knew Ed was such a smartie in this area?  :-)
  
  (((((hugs)))))
  
  CW
  
  
  

• silverwhisper said on Jul 15, 2008....

  surely not me! :>

• day2day said on Jul 19, 2008....

  you know what.....i may be new to this bloggin' thing ......i'm just going to jump in the pool and give people my ideas on their ideas......you do sound like ur old..... of course i'm old too....46......almos half century old......that gives me some credit..... my thoughts are part past and part future......and here i am living day2day......... it sounds like desperation in ur words........how much you have to invest is a big part of how much you can accumulate for the rest of ur life and what kind of lifestyle u want later on........i say take most of ur money and invest in interest generating accounts. and the rest?...........take a chance.......do some stock buying......u are old enough to figure out trends.....and what the chances are of something happening to drive stock prices up or down.......come on think about it........you seem bright and have lots of ideas that only need to be realized.......u have lots to prepare for and you best get at it.............remember.......be kind to urself...

  wow

• woman said on Jul 19, 2008....

  Yeppers Silver, we are impressed!! And yes, being socially responsible does often hurt us financially, but I can live with that better than investing in things I don't believe in. Thanks for your advice.

• woman said on Jul 19, 2008....

  day2day~Calling me old, well shame on you! You are just a spring chicken at 46! Thank you for your young advice Day. You jump in here with your ideas whenever the spirit moves you. And thank you for the "be kind to urself" advice!

• whiterose said on Jul 19, 2008....

  Consider taking to your advisor on investing in companies that will pay dividends.  When the company you invest in makes money, they will send you a part of the profit.  It won’t hurt to inquire about it.

• beyondtheveil said on Jul 21, 2008....

  I was lucky in that I retired a few years ago with a large company that keeps retirement solid and has insured us for life. If I was working in today's world all you talk about would be of great concern to me. It makes me worried about the kids and their future. 

• woman said on Jul 21, 2008....

  Whiterose~Thanks for the advice and stopping in.

• woman said on Jul 21, 2008....

  Beyond~Retiring just a few years ago was a totally different thing. And yes. I worry about my children and grandchildren and the problems that will face them. I guess we will just take it day by day and hope for the best.

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