BTW,
Financial calm, not wealth accumulation, now key for retirees
http://ifawebnews.com/2011/07/13/financial-calm-not-wealth-accumulation-now-key-to-retirees/
From Article:
Financial peace of mind is now six times more important than accumulating wealth, according to a new survey of Americans age 55 and up.
For 82% of those polled in April, financial peace of mind was their key financial goal.
The failed economy and global recession has caused Americans to adopt new expectations for their retirement, according to the SunAmerica Retirement Re-Set Study, performed by Harris Interactive.
Just one-in-five Americans at least 55 years old remains hopeful for the future, according to Jay S. Wintrob, president and CEO of SunAmerica Financial Group.
“Americans are emerging from the experience with new knowledge, new discipline and have re-set their vision of an ideal retirement,” Wintrob said in a statement.
“I am not so much concerned with the return on capital as I am with the return of capital.”
Will Rogers, 1930’s.
Got a nasty gram from a retirement account manager about round tripping recently. I tipped toed back into a mutual fund and the darn thing went up 10% in a week. Got trigger happy and sold.