Yes. It will rebound. But if you were 65 in 2008, and your account is now back to where it was in 2006, you had to work an additional 11 years while waiting to sit back and relax. Oh, but I mean real work, not being a pilot sitting on your throne.
All hail the mighty 401k. (Sarcasm)
Originally Posted by
JesuitValen
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.
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.