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No matter how far along I get in life, I'll always refer to myself as "That chick that grew up poor in the drug-filled streets of Port Arthur, Texas." Always a bad ass!

Right now, I'm going through a top-down transformation. I'm starting with my hair - taking it from processed to natural; and so far I'm loving it. Get updates on my process on newtonatural.com.

Monday, August 18, 2014

More than a third of American adults have no retirement savings: I'm One

When I clicked on the LA Times article link, there was my story, headlined on the web page in like 40 pixel font.

36% of adults lack retirement savings -- 14% of them 65 or over

No. I'm not 65 or older, but when I transitioned from Arkansas to Mississippi, I blew through my IRA. It was a really scary decision. But I think it was still a good one. But every day, as I work to re-build it, I spend a lot of time thinking about what's the right investment amount for me right now.

I'm almost 40. So I can pretty much HEAR the clock ticking down to when I retire . loudly.

And I was doing so well at one time. I didn't start until I was twenty-five, but I was able to save a really large lump sum. Then, I had a really terrible break up from my ex and had to cash out my IRA so I didn't lose my home and could purchase a new car to replace the car I lost in the break up.

After I got hit with the tax penalty, I told myself I would never again cash out my retirement savings prior to retirement. Thus the reason they recommend you never say never.

Another catastrophe to avert. Another cash out.

Well, it is what it is. And now, I'm re-building along with other regular people who are recovering from similar set backs. Here we go.

Read the LA Times article. It's interesting enough.
http://www.latimes.com/business/la-fi-retirement-savings-bankrate-20140818-story.html

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