Financial markets around the world are reeling following President Donald Trump’s latest and most severe volley of tariffs, and the U.S. stock market may be taking the worst of it.
It disappeared now. When COVID hit I upped my contribution just to max out when the market was at a low.
The only way for the 401k to disappear entirely is if the entire economy is royally, never before seen fucked and completely collapses. At that point retirement if probably not a possibility anyways.
Any other situation you’re essentially ‘buying the dip’ and will see the returns years from now. Although if you’re looking to retire anytime in the near future it will likely be a huge hit on what you can take out.
It disappeared now. When COVID hit I upped my contribution just to max out when the market was at a low.
The only way for the 401k to disappear entirely is if the entire economy is royally, never before seen fucked and completely collapses. At that point retirement if probably not a possibility anyways.
Any other situation you’re essentially ‘buying the dip’ and will see the returns years from now. Although if you’re looking to retire anytime in the near future it will likely be a huge hit on what you can take out.