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Have no idea the retirement account exists. 20 years from now a recession won't matter because the economy will have recovered.
by wbl 7y ago
Have no idea the retirement account exists. 20 years from now a recession won't matter because the economy will have recovered.
- seanmcdirmid 7y agoThere have been prolonged stagnations in the market. It took a couple of decades to recover from the Great Depression, and the if you invested in the 60s you might not be doing so hot by the 80s. The market isn’t a sure thing even in the long term, it’s just fairly reliable.
- wbl 7y agoThat's true but I'm assuming he continues to work and put in money.
- seanmcdirmid 7y agoThose events had long periods of stagnate market performance. So they might not lose as much as a full crash, but they might not beat inflation either. Anyways, nothing like that has happened in our lifetime, but it did happen in our parents’ and grand parents’.