I feel bad for the persons with 401ks that are at retirement now, especially if they haven’t moved into other things.
The rest of us will be fine. Our dollars will buy shares are lower prices, then recover. And yes, I know inflation means our dollars are worth less. The only way out of this is to get rid of the Dim majority.
All I have is a 401k and a meager one at that.
I generally ignore it and only look at the quarterly statement.
I started actually looking closer at it and watched it lose 5 grand in the course of two weeks.
I just transferred it all into gauranteed interest.
It’s only just over 1% but I see it as better than giving my money away.
Will rethink on it later if/when things come back around.