Retirement coming to an end?
Anybody out there think about retirement and if it is even possible for the new generation workforce?
I look at the housing market, tons of forclosures and overpriced worthless property, consumers are scared to make big commitments. Stocks are declining which is doing heavy damage to 401k's and people are literally losing tens of thousands every month.
people are now looking at cashing in thier 401k's to eliminate debts because of a general lack of belief that thier 401k will ever actually be worth anything. Its a sad state of affairs honestly.
One3 of my goals for this year is to eliminate all debt aside from my mortgage. The scary thing is i know what my house would appraise for, but i doubt i could sell the house for anything more than 30k below appraisal.
Anyone have any thoughts on this?
sometimes i feel that it doesent matter what i do, that i will be working pretty much untill i die of old age.
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