So, How’s Your Nest Egg Looking Now?

The stock market is headed South.  Congress has voted to prop up corporate America at the expense of the tax payers.  Home values are on the decline and continue to plummet.  And now, mutual funds are warning investors not to expect much of a return on their investments.  I don’t know about you, but my nest egg has turned into a scrambled egg.  It’s value has dropped by over 20% in the past few weeks and continues to decrease with every breath I take.  My financial adviser who oversees my retirement account says, “Don’t worry, it will turn around,” but I’m not feeling his confidence.  I watch the Nightly Business Report and know  that quickly slipping from view are my retirement visions of travel and pampering and enjoying a comfortable, peaceful second half of life.  Hmmm!  What are the options out there to salvage this?  Not just for me, but for all the others too, who have conscientiously put money aside every payday in anticipation of the big R-day.  Can we count on the government to give us a handout like they did corporate America?  If it comes in the form of tax relief, I doubt it will be enough to replace our current losses and it probably won’t take into account that we have to pay back $700 billion first.  Will I live long  enough  to get my money back?  I just don’t see the government solving this problem soon; the market is going to have to run it’s course before it will recover and that is going to take time (years).  Read more »