The recent rollercoaster across markets around the globe have affected many older Americans investments and retirement funds. In fact, an article published on October 8th, 2008 in the Washington Post asserts that in the “2 trillion U.S. Dollars have been wiped out in last 15 months” because of the dire stock market situation. Americans who have ardously worked an entire adult worklife contributing to their 401(k)’s or other pension programs have witnessed 20% of their assets disappear before their very eyes.
Original text: Mazatlan - An Alternative to the High Cost of Living in the United States