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Thread: 401k reports

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  1. 02-09-2009, 10:46 AM #1
    GMichael
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    Class of the clown GMichael's Avatar
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    It's a good thing we aren't retiring any time soon.
    WARNING! - The Surgeon General has determined that, time spent listening to music is not deducted from one's lifespan.
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  2. 02-09-2009, 10:57 AM #2
    ForeverAutumn
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    Quote Originally Posted by GMichael
    It's a good thing we aren't retiring any time soon.
    Ooops. Sorry, I changed my post so your comment doesn't seem relevant (what else is new?).

    But you're right. It's a very good thing that I'm not retiring any time soon. My pension is down only 15%, but my RRSP is down about 50%. To add to the pain, about 1.5 years ago I borrowed money to invest (the interest payment on an investment loan is tax deductible in Canada). Because of the drop in value on the investment, I now owe twice what the investment is worth. It seemed like a good strategy at the time, but it quickly came back to bite me in the ass.
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