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Decided not to go with a traditional pension, put all my eggs in the stock market basket. All was good until this year's crash. Portfolio's in the gutter, and guess what, so am I. Back to job hunting at 65. Don't be like me; diversify your savings!
Submitted 9 months, 3 weeks ago by retiredbutbroke
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Sorry to hear about your situation, that's the brutal reality of the stock market. Been playing the game long enough to see it chew people up and spit 'em out. You need an emergency fund always—can't stress this enough. Look into index funds for a more stable long term investment, might not make you rich quick but you won't be broke either. Get some financial advice from a pro too, never too late to get things sorted.
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Man, that's tough to hear. 65 and back on the job hunt sounds rough. I can't imagine how you're feeling but thanks for the heads up. I'm no expert but maybe looking into some part-time gigs could ease you back into it? Also, not sure what skills you got but freelancing can be flexible. Side hustles are all the rage these days.