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Your 401K is getting destroyed
Posted on 6/13/22 at 2:35 pm
Posted on 6/13/22 at 2:35 pm
Along with the gas prices and food prices and all the other prices. I’m only 40, so it doesn’t matter as much, but I feel for these people who were only a year or so away from retiring.
70
Posted on 6/13/22 at 2:35 pm to Allthatfades
If they were only a year from retirement. They probably weren't holding 100% stocks in their portfolio
Posted on 6/13/22 at 2:36 pm to Allthatfades
I wouldn’t have known. Thanks for the heads up.
Posted on 6/13/22 at 2:36 pm to Allthatfades
Most people a year away from retirement aren't holding more than half of their assets in stocks.
Posted on 6/13/22 at 2:37 pm to Allthatfades
Posted on 6/13/22 at 2:39 pm to Allthatfades
I am 59 and diversified but I have still lost a lot. Just buying low again I guess. Man I miss the Trump economy.
Posted on 6/13/22 at 2:42 pm to Allthatfades
Boomers getting screwed darn it
Posted on 6/13/22 at 2:42 pm to Allthatfades
Time to surrender you guns!
Posted on 6/13/22 at 2:42 pm to Allthatfades
And here comes the end of day selloff.
Bring on the pain.
Bring on the pain.
This post was edited on 6/14/22 at 5:39 am
Posted on 6/13/22 at 2:44 pm to Allthatfades
My plan is to work 10 years after I am dead. Its a solid strategy.
Posted on 6/13/22 at 2:44 pm to UltimaParadox
quote:
If they were only a year from retirement. They probably weren't holding 100% stocks in their portfolio
Everything is getting destroyed, though. frick Joe Biden and frick anyone who voted for him.
Posted on 6/13/22 at 2:45 pm to Allthatfades
dollar cost averaging, baw
Posted on 6/13/22 at 2:45 pm to Allthatfades
Posted on 6/13/22 at 2:46 pm to Odysseus32
quote:
Most people a year away from retirement aren't holding more than half of their assets in stocks.
They are if they want it to last more than 20 or 30 years. Not to mention even cash is getting eaten away by inflation and bond funds are losing value. I retire next month sitting at 95% equities but preparing for 40+ year retirement.
Posted on 6/13/22 at 2:47 pm to Allthatfades
Jokes on you. I don’t have a 401K.
Posted on 6/13/22 at 2:47 pm to Allthatfades
Hopefully post like this, as if bear markets aren’t normal, mean we are close to the bottom.
Posted on 6/13/22 at 2:48 pm to Allthatfades
Yea and my son’s 529 college savings plan.
Posted on 6/13/22 at 2:48 pm to Allthatfades
Stocks are on sale baws 
Posted on 6/13/22 at 2:48 pm to Allthatfades
quote:
Your 401K is getting destroyed
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