So what happens to all the money that you people put in over the last 5 years ? Is it all gone and fugazi?

Trying to still convince myself that 401ks are worth it and not just a storage bin to fool poor people to aggressively gove their entire paychecks only to be cleared out every 10 to 12 years.

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Posting as :
works at
You are currently posting as works at

Not even close… are you aware of the tax advantages? Might help to also look at the S&P500 chart over the last 12 years to check the statement of “clearing out every 10 to 12 years”

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Invest religiously and rebalance at least annually. Even with the crap that has gone on recently, I have significant enough 401k balances that I could live nicely in retirement - and I'm old enough to have lived through prior crashes and recessions. Unless you need the money in the next few years, it's not an issue. You have the luxury of time.

helpful

Dude, if you measure since 2017, stock still up huge. What you talking about?

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With this approach you should probably forego investing entirely. Stick to CDs and 1% savings accounts.

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Money saved now when young is WAY more important than adding later. Get saving, and fully utilize 401k matching. Don’t worry about market ups and downs.

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