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Karen Farney
As a retiree, Karen Farney no longer has to worry about job security, but financial security is never a sure thing for someone living off the investments they made in a 401k.
Bryan Dean, Staff Writer
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Published: October 3, 2008
Oklahoman
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As a retiree, Karen Farney no longer has to worry about job security, but financial security is never a sure thing for someone living off the investments they made in a 401k.
RETIRE, RETIREMENT: This is a mug photo of Oklahoma City spokeswoman Karen Farney, who is retiring this week. The photo is courtesy of the city and we have permission to use it.
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Farney of Oklahoma City retired two years ago after a career with city government. She said the economic downturn makes her nervous, but she’s discovered she can’t spend her retirement worrying.
“It is a little scary when you see the news about the stock market and you are living on your investments,” Farney said. “I’ve learned to live in the present because you just don’t know what the next day is going to bring.”
Farney and her husband, Paul, are both retired. He has a pension through the military. They also have a “nest egg” as Karen Farney calls it — a little savings set aside that could be used in emergencies but which they would rather leave as an inheritance for their children.
Farney said she’s not sure there is ever a right time to retire from a financial standpoint, but she and her husband have made a decision to enjoy what they have while they have it.
“You have to decide whether you want to make sacrifices when you’re 35 or when you’re 65,” Farney said.
Bryan Dean: 475-3206, bdean@oklahoman.com
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