What Did You Do To Secure Your Retirement In 2008

I was sitting around last night during a New Years eve party and couldn’t believe my ears when people started talking about the stock market.  I had never expected the current economy and discussions over retirements to be the hot topic of the night but it sure was.  Everyone was complaining about how bad their 401K had done in the past year.   I for one am of the mind set that financial planning is more of a personal issue and really didnt feel like discussing my portfolio with anyone, however the booze was taking over just a bit.  I’m not an old person by any means and have a good 20+ years to invest in my on financial security so this years downturn really doesnt bother me all that much as my financial planner has always pointed out that in a down market your getting more shares for your money.  This huge decline in the equities market is a huge buying opportunity for myself and others that have a long time until they retire and shouldn’t scare you away from the markets in my opinion.  I’m not a personal finance planner and dont claim to be so don’t take my word for it there are plenty others advice you should take way before mine.  I urge you to atleast take a look at your 401k and decide if your current financial planis inline with your long term investment goals.