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If you belive that the economy will recover at some point, this is actually a great time to be buying into your 401k. You have to think long term for you 401k. Until you’re close to retirement or are retired. At which point you should be more heavily invested in bonds and less effected by shifts in the market.
The people fearmongering and whatabouting the markets right now either pulled out and are hoping for it to go down or they keep playing the short game and really don’t understand long term trends.
People said similar things in Japan in the 90s, and then had three decades without growth. When an asset bubble pops it’s not guaranteed the bubble will blow back up. This is a good strategy of course, but there’s no law of nature that the line always goes up. With the instability and debasement of the US economy it’s the most vulnerable they’ve been in many decades. I hope you’re right, but there’s a terrifying possibility things get even worse.
And also unauthorized.
Here’s hoping those tarrifs all get 401’d
They already were, but that doesn’t mean they’re getting paid back.
I guess I’ll have to keep working then…
Was there ever an option?
