Originally Posted by
HighFlight
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)
What's your alternative? The extra wages dumped into a CD or savings? What about every United guy who lost their whole pension in 2003? Those guys dont even get half. They get nada. They can't even kick it at Burgerking until the market rebounds.
401k is the best of a bad situation and works for the majority of Americans