Originally Posted by
HighFlight
Imagine for a moment it's 2008, and you are about to retire. Except... your 401K that you are talking about is cut in half, or more. That "retirement income" you saved up for all those years, wiped out by an economic downturn.
What now? Just keep working?
Yup. The supreme court decided that pensions under plan A can be robbed from you at any time and 401k is a silver metal. Work an extra few years (at walmart if you have to) because the 401k will supposedly eventually rebound the 50% you lost, like today, and your retirement is restored. The market recovered from the great recession by 2013 or that timeframe?
Or you can buy gold.
I bought some florida properties so i can do the slum lord thing long into my retirement and the market be damned.