The news today has a HIGH FUD FACTOR. With Lehman Bros bankrupt, Merrill Lynch sold, and AIG teetering on the brink of collapse, the DOW dropped over 500 points yesterday. I am, frankly, frightened. For various reasons, I am not in the financial shape to weather serious economic hard times. We have some money put away, but not enough. And our retirement accounts are taking a beating. Expenses are way up, and our income is stagnant. Companies are not handing out raises like they have in the past.
It worries me. And I am one of the lucky ones. We have great jobs, we have a home we can afford. But will we EVER be able to retire?