Why am I Worried about Retirement at 25?

Posted by Mrs Money on October 7th, 2008

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retire.jpgI am worried about retirement. Truth be told, I am only 25 years old, and I’ve got a long way to go.  The fact of the matter is: with the way things are going now and watching people go back to work after being retired and watching others postpone their retirement, I don’t want to be one of them.  I want to be old and gray and enjoying life on the road or comfortably at home, just like this little old lady in the picture at the top of this post.  I don’t want to be 70 and still working or looking for a new job.

I checked my 410k today and it has lost 40% so far. There isn’t a thing I can do about it. I hate that.  I guess I’m just not a good investor.  I realize I’ve got at least 30 years to make it up, but I hate logging in and seeing that I’ve lost that much.  I don’t think I’m going to look at it until November 15th, when I’ll sell the company stock that is matched by my employer.

I think that I’m going to set up an automatic transfer into an ING account set up specifically for retirement. I’ll earn a guaranteed 3% and have the peace of mind, which I think is priceless. When things turn around, or when I get the guts to do so, I’ll make a decision to contribute that to our ROTH IRA or do something else with it.  I know that I’m probably worrying too much, but I’d rather be safe than sorry.

Are you worried about your retirement?

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3 Responses to “Why am I Worried about Retirement at 25?”


  1. Read “The 4 Hour Work Week” by Tim Ferris and you’ll probably never worry about retirement again.

    [Reply]

  2. Mrs Money says:

    uncommonadvice- I’ll have to check that out. Thanks for the recommendation!!

    [Reply]

  3. I highly recommend Tim’s book as well! It’ll completely change your paradigms about work, etc. We should all have 401k’s and IRA’s, but as we can see today these aren’t even a sure thing. Read Robert Kiyosaki’s, Rich Dad, Poor Dad, and learn about passive income. Then read Robert Allen’s book, Multiple Streams of Income, and begin to systematically create income thru a variety of different ways. This way when one (ie. the markets today) stream craps out, you still have backups.

    [Reply]



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