Retirement accounts have lost $2 trillion so far

[SuzeQuze]

Originally Posted by SteveMacD

See, this is why I never bothered getting into the whole IRA thing. I've just been putting money in a regular savings account...BADLY at that. My goal is to party while I'm young and live off the dole when I retire. Subsidized housing + Social Security + Medicare + Medicaid + meals on wheels = good to go.

Word. I'm currently living in my 401k which I liquidated to buy my condo. I saw this coming although it came faster than I expected. I don't know what it will do to the value of this place though. I bought it on foreclosure so it was well under market in April. Time will tell.