Well, Biden has already cost me 30% of my retirement money.
30% of my retirement money disappeared around the 2008 crash. It slowly recovered over the next 12 years and went higher than it was before the 2008 crash.
Then Biden happened. Hang in there until we get rid of that idiot, there is hope (gonna take a few years or more).
if you are close to retirement you’re not supposed to be invested in volatile instruments. you are supposed to be invested in things like bonds that don’t change all that much. The idea is that you buy bonds that have a guaranteed return in a timeframe. Then your money(value) very slowing increases over that timeframe without the risk of loss. Higher risk investment vehicles are used early in your career so that their volatility can work in your favor and any\or losses you incur can be made up before you need that money to survive. If you or your financial advisor have not steered your retirement funds in this direction then the fault lies with you or the advisor, not the retards we have running the government.