defered compensation
0

i have about 8% of my salary going into my defered comp , which is at a aggresive action...anyway my question is should i stop my defered comp while this country is going thru it economical crisis...?

asked by Anonymous on Monday, November 17, 2008 - 23:12 | PROVIDE UPDATE

new adviceadd answer [2] Q up this good question!good question! email advice columnemail subscribe to advice columnsubscribe


Answers

0
1

marinemj:

depends on a lot of factors, like your age and plans for retirement. but i think no. what else are you going to do with that money? spend it on crap?? if you can do without it, invest in your retirement. you will be glad you did.

you may want to spend a couple of hours with a financial planner who can help you make investment decisions you are comfortable with.

2008-11-18 12:21
0
2

Marlena:

I read a book written in 1948 by Claude Bristol called "The Magic of believing", in the book it talks about the depression and that the businesses that failed were the businesses that gave in to a negative mental attitude. From the book, "We were all succumbing to the mass fear thoughts; we feared that the depression was weakening our spirits and sweeping everything downhill to financial disaster, and with our own thoughts of ruin we were attracting the diaster to ourselves."
What I am trying to say is don't let the mass fear of economic crisis slow down the progress of you planning for your future.

2008-11-18 12:38