Michelle Singletary

Then that means there'll be less left to grow even when the market returns. When you are retired and drawing on that, that is the fear that you'll have less. And you'll have less at a time when you need more, like for healthcare.

Well, it's understandable that you're concerned about your parents and also lots of parents. You know, you don't necessarily want to reveal everything, especially if you're feeling bad that you don't have enough money. But I think this is a good opportunity to have open conversations.

Well, it's understandable that you're concerned about your parents and also lots of parents. You know, you don't necessarily want to reveal everything, especially if you're feeling bad that you don't have enough money. But I think this is a good opportunity to have open conversations.

Well, it's understandable that you're concerned about your parents and also lots of parents. You know, you don't necessarily want to reveal everything, especially if you're feeling bad that you don't have enough money. But I think this is a good opportunity to have open conversations.

Just, you know, like the next time you say, hey, you know, I'd love to talk to you about this because I'm a little worried. You know, I'm saving for retirement and this is what's concerning me. And then you say, how about you? What you don't want to do is like, do you have any money? What's going on? You don't want to come at them in a more adversarial way.

Just, you know, like the next time you say, hey, you know, I'd love to talk to you about this because I'm a little worried. You know, I'm saving for retirement and this is what's concerning me. And then you say, how about you? What you don't want to do is like, do you have any money? What's going on? You don't want to come at them in a more adversarial way.

Just, you know, like the next time you say, hey, you know, I'd love to talk to you about this because I'm a little worried. You know, I'm saving for retirement and this is what's concerning me. And then you say, how about you? What you don't want to do is like, do you have any money? What's going on? You don't want to come at them in a more adversarial way.

Or as I said, you don't want to come out like you're now the parent. You should see each other as companions and accountability partners and come at them saying, I want to help you if you're concerned because I'm concerned. And so you make it more like you're going to be working at this together.

Or as I said, you don't want to come out like you're now the parent. You should see each other as companions and accountability partners and come at them saying, I want to help you if you're concerned because I'm concerned. And so you make it more like you're going to be working at this together.

Or as I said, you don't want to come out like you're now the parent. You should see each other as companions and accountability partners and come at them saying, I want to help you if you're concerned because I'm concerned. And so you make it more like you're going to be working at this together.

Because if you find it that they are or they were not ready, that you have to be sure that you have secured your finances so that if you have to step up to help, there are some resources there to help them.

Because if you find it that they are or they were not ready, that you have to be sure that you have secured your finances so that if you have to step up to help, there are some resources there to help them.

Because if you find it that they are or they were not ready, that you have to be sure that you have secured your finances so that if you have to step up to help, there are some resources there to help them.

I think right now in this moment, cash is king. I would be stockpiling cash in a high-yield savings account In case you lose your job, in case the economy really does go into a recession, if it gets worse than it is now. I don't want to panic people, although it's perfectly fine if you're scared because that's just human nature. But I will say the prudent thing right now is to say, don't panic.

I think right now in this moment, cash is king. I would be stockpiling cash in a high-yield savings account In case you lose your job, in case the economy really does go into a recession, if it gets worse than it is now. I don't want to panic people, although it's perfectly fine if you're scared because that's just human nature. But I will say the prudent thing right now is to say, don't panic.

I think right now in this moment, cash is king. I would be stockpiling cash in a high-yield savings account In case you lose your job, in case the economy really does go into a recession, if it gets worse than it is now. I don't want to panic people, although it's perfectly fine if you're scared because that's just human nature. But I will say the prudent thing right now is to say, don't panic.

go into any kind of debt or use a lot of cash that you might need if you lose your job. Now, my husband and I are not in that situation, but we did pull back on a major home improvement project that we were going to do just to see how things shake out. That's the kind of conversation you should be having with yourself. But if you're not on a budget right now, you need to get on a budget yesterday.

go into any kind of debt or use a lot of cash that you might need if you lose your job. Now, my husband and I are not in that situation, but we did pull back on a major home improvement project that we were going to do just to see how things shake out. That's the kind of conversation you should be having with yourself. But if you're not on a budget right now, you need to get on a budget yesterday.

go into any kind of debt or use a lot of cash that you might need if you lose your job. Now, my husband and I are not in that situation, but we did pull back on a major home improvement project that we were going to do just to see how things shake out. That's the kind of conversation you should be having with yourself. But if you're not on a budget right now, you need to get on a budget yesterday.

Yeah, the first thing I would say is don't beat yourself up. You know, you are where you are and accept that, but do something about it. So if you are getting close to retirement, are you about that or a time where you think, then you've got to make some hard decisions. Are you ready to retire? You might say, I wanted to retire at 62. I'm going to retire no matter what.