The report from the Center for Retirement Research at Boston College sums up the trouble:
The sharp decline in the stock market in 2008 placed the retirement security of many Americans at risk. Although the market has rebounded sharply since its trough in March 2009, as of mid-October 2009 the Standard and Poor’s 500 Index (S&P 500) remained 29.8 percent below its peak level two years earlier.
Are you in the half that’s doing OK, or the half that’s underwater? So far, so good for me. Although I don’t have anywhere near the requisite $1 million they say you need, I feel like I’m doing OK. Am I delusional? Maybe. Meanwhile, I’m working on developing a taste for Fancy Feast.