Human resources sent out an email to the whole company today telling us to go to the Vanguard website if we have concerns about our retirement plans. Here is a little Vanguard video to reassure us that everything is going to be ok.
Basically it says we should all do nothing. That is easy for us folks that have plenty of time before retirement. If I was one of the many people who were going to retire in the next 5 years, I think I would be worried. I am one of the youngest people in our company. There are many that have been there 40+ years. Not to be pessimistic or anything but it seems to me that if you work in to your 70's and all you've ever done is sit behind a desk you might not have the health and longevity to make it to your 100's. Still, that would be a good 30 more years of retirement to have to pay for. I would hate to work until I was 70 just to use all of my savings on a nursing home.
Anyway, I will do what Vanguard says and do nothing except continue my monthly investments. I think my money is diversified enough so that I don't have to worry...let's see...401k mutual funds-not doing well, individual stocks-not doing well, real estate-not doing well, undeveloped land-not doing well, collectibles-not doing well, coin collection-um, hey, I think my coin collection hasn't gone down in value. Oh wait, the dollar has weakened. Hmmm, maybe I should go buy some gold bars. I still have a job. Those are becoming pretty scarce. Right now my job is my most valuable investment. Funny thing is, it's also the thing I want to get rid of the most.