Oh, I'm sorry! I forgot that the bailout giveaway was for YOU, 'murka!!!!
"'Golden years' losing luster amid deep investment losses; Many retirees fear lengthy downturn" by Todd Wallack, Globe Staff | October 18, 2008
Like other older investors, Maxine Yarbrough, 76, a former public school teacher in Sudbury. is finding it hard to heed the advice many financial planners are dispensing these days: Stay calm, think long-term. That's easier for people whose careers have decades to go. But for retirees, and those who plan to leave the workforce soon, fears of a prolonged economic downturn are intense - they might need to tap into savings for everyday expenses and can't wait years for a recovery.
Frankly, I'm tired of the lying looters of Wall Street wanting to keep my $$$. Of course, I forgot that they did all this ON PURPOSE to advance their globalist agenda!!!
Remember, readers, they are doing this ALL FOR YOUR OWN GOOD -- like the LYING US INTO IRAQ was GOOD FOR US!!!!
A Suffolk University/Boston Globe poll taken in September, before this month's steep stock market decline, found that for Massachusetts workers on the verge of retirement, anticipation of a less stressful lifestyle has been replaced by deep concern. Fifty-six percent of residents age 55 to 64 were "very concerned" about the safety of their investments, more than any other age group. The Congressional Budget Office recently estimated that the market wiped out $2 trillion in retirement savings over the past 15 months.
Translation; WE DON'T TRUST LYING LOOTERS and their SOCK-PUPPET POLITICAL MOUTHPIECES!! I say HANG 'EM!!!!!!!!!!!!!
And an AARP nationwide poll conducted last month indicated that one-third of workers 45 and older are so alarmed by the economy that they have considered putting off retirement, and one-fifth have stopped adding money to retirement accounts.
Good! The less they can play with, the better off we all are!!!!
"They are very concerned," said Brenda Wenning, principal of Wenning Investments LLC in Newton, which helps manage investments for many older workers and retirees. To help protect her clients, Wenning moved much of their money out of the stock market in June, sparing them from some of the most brutal losses over the past few months.
What, did they get a tip or something?
Older workers and retirees wonder whether their remaining savings, even in conservative investments, are safe, and those who rely on dividends and interest to pay bills are watching their income shrink as companies slash dividends and US Treasury bills offer meager interest rates. In addition, many have watched the value of their homes steadily decline. The worries about making ends meet are compounded by the high costs of food and fuel.
Funny how none of those things are happening to the elite class, huh?
But that's just me. I keep forgetting that Paulson, Bush, et al, are LOOKING OUT FOR YOU and YOURS!!!!!!!!!!! Yeah, keep chewing that shit, Americans!!!
"What we're going through is hurting workers of all ages, but it's more difficult for older workers because they have less time to recover and replace those losses they are suffering now," said Deborah Banda, AARP of Massachusetts director. Banda said the problem is exacerbated by the fact that a growing number of companies are scrapping guaranteed pensions in favor of 401(k) savings plans, spurring many employees to rely more on the stock market for retirement savings. --more--"
And just by coincidence, the whole thing goes PFFFFFFFFFTTTTTT!!!!
Yeah, but the COMPANY and GOVERNMENT CARE ABOUT YOU!!!!
That's why they rammed through this WALL STREET GIVEAWAY-- for YOU, shit-eating Amurkn!!!!
