I just did something stupid. Do not be me.

I don't look at our retirement accounts. But I did look at my kid's college accounts. That's hard because they need that money now. Luckily the youngest was awarded scholarships because his account is trash.

My mom is to the point of needing her investments to cover her care. She is in a memory care facility and it's expensive. She could easily live another 10 years there. The money needs to hold out.

My DH and I are 32, so not near retirement age. However, we both have retirement accounts set up through our places of employment, a shared Schwab account, and savings we contribute to on a somewhat regular basis (at least monthly).

We've lost about 18% in the past 2 years in the Schwab account, but our savings account interest rate went up multiple times in 2022 (from 0.5% to 3.3%). We made $600 in interest last month alone.

I'm hopeful things will get better. I'll keep on contributing 8% of my salary each pay to my 401K, and since I've been with my employer for 5 years in a few weeks, their contribution increases to 10%.

Eventually, the savings will take a hit, but that'll happen when we buy a house (and plan on doing so with cash). For now, where we are, we'll be renting (yay HCOL area living!).

I did something really really stupid by opening this thread ( no offense @really Red). I was contemplating quitting my pat time job that I love so I could just relax for a bit and try to live off off my SS and retirement accounts in my sure-to-be long life ( both sides) guess not. 🥲🥲🥲

It is scary to look at right now, most definitely.
I retired just before the pandemic. If I had known the pandemic was coming, I would have waited to retire.

We just had our 18 year old son open a Roth IRA. He got his first job in 2022 so he contributed $500 and we put money in it for Christmas. I hope we can continue to encourage him to put $ into it. We talk about financial planning often at home. My 8 year old decided to open a saving account in 2022 with his piggy bank money. Now whenever he gets money, he saves half and spends half.

I can’t even look at my account, which was death benefits from my husband.  I’m hoping to wait it out.   I get letters from the investment firm, they are stacked in my China cabinet, unopened. 

I just want for everything to work out, my husband worked very hard his entire life, and I’d hate for his legacy to be unable to be realized because the money dries up. 

I've had multiple retirement accts with Fidelity over the years and I do like them. My 401k from my last employer is with Fidelity. I am just thinking I might open an IRA and move the money to that account. 

About 8 years ago I had a job at a non profit and I hated that place. I was put into these TIAA CREF retirement accounts. Well once I stopped working there I took all the money I could out of there. But they put me in one fund where you couldn't touch any of it for 9 years. Which means every single fall I get some letter from this place's CFO about this account and every year when I see that logo on a piece of mail I have flashbacks and I want to throw up.

I'm counting the days until I can close that account. At least I moved last year. I am sure I can call TIAA CREF for help logging in to my account online, i don't need to be getting mail from those [bleep]s.