I’m not sure I’d advise conspicuous and willful short-term ignorance of the status of your retirement accounts, but I think the core of her advice is advising people not to panic about the short-term gyrations of long-term investments, and in this respect she’s absolutely correct. My IRA is pegged to an index fund and it’s lost double-digit value in the last month; on the other hand I don’t plan on retiring for another three decades at least. So what am I going to do with the IRA right now? Not a damn thing. As long as you’re not planning to retire before the end of the year, I suggest you don’t panic about your retirement funds either. If you were planning to retire before the end of the year, may I suggest a second job.
Just Don’t Look
October 7, 2008 By 26 Comments