Margot Kidder Quotes

Anyone with a pension or retirement is an investor in the stock market.

I had a pension that I was paying into for 27 years... It's now worth less than a Herman Cain endorsement.

Throughout the Great Recession of 2008, the average 401(k) balance lost anywhere from 25 to 40 percent of value. Nobody was more harmed than baby boomers or recent retirees, who, unlike younger workers, didn't have the time for the market to rebound or were no longer contributing and therefore unable to invest when stocks were cheap.

We're getting hurt, but I'm a long-term investor.

Let's say I go completely broke, I'm about to star in the next '30 for 30: Broke.'

The basic idea of retirement income is, to me, to get a check, two checks every month, one from your fixed income and one from equity account. And you want them to grow over time.

It really depends upon how much money you have in your account. Having a monthly paycheck come in for the rest of your life is extremely important. So it would probably be smart to put some of your money into an annuity, which is a way of buying a monthly pension check.

Our seniors' retirement should never rely on the bull of political promises or the bear of the market.

By March '87 we're down to seven thousand, by the end of the year we're down to twelve hundred. The whole bottom just fell out of the market. It was bad for me because I was in Australia at the time.

You can imagine, if somebody's approaching retirement, and all of a sudden the funds that he or she is depending on is depleted by 50% or however many, it gives them a sinking feeling in the pit of their stomach.

I look back on it, yeah, I'm in a much worse financial position than I was eight years ago. I'm going to have to go out at age 62 and kind of readdress some of that.

They say the people most affected by the credit crunch are pensioners - well, let go of the handbag then, Nanna.

Since Social Security faces a large gap between what it promises younger workers and what it can afford to pay them, private savings will likely need to play a larger role in retirement planning for younger workers.

When I graduated from high school, it was during the Depression and we had no money.

We really haven't had very much experience with people funding their retirement out of the stock market, and we don't know, frankly, how it would work under every scenario.

I was a stock broker once. I think there is an absolute place for market investments. But they should never be the basis of one's retirement. They should be an additional piece on top of a basic, secure, guaranteed retirement benefit.

The current institutionally provided retirement plans will not cover people's needs upon retirement.

Do I want to see people take their Social Security payments and put them into private accounts, open up an eTrade account and go into the stock market? Absolutely not.

The do-it-yourself version of pensions is a flop, as many Americans have painfully learned.

Americans are not saving enough for retirement.

The problem with not saving is it can often mean you're - a crisis away from, as we've seen in some cases, living in your car or losing your home or - having your lights shut off.

During the financial crisis and bailouts of 2008, it probably occurred to very few average people that we were entering a period of hardship for billionaires.

I was gonna go broke if I didn't get things turned around real fast.

Americans have always been able to handle austerity and even adversity. Prosperity is what is doing us in.

Under Reagan came the idea of putting your pension plan in the stock market, which wasn't a guaranteed pension.