Multiple times, I've heard people describe how they regret contributing so much to their 401k because they were "screwed over" and lost lots of money in 2008 when the market tanked.
I wasn't close enough with said people to press them for details, however, I'm curious whether this is actually a real problem or just a misunderstanding on their part?
Yes, your 401k would have lost value when the market crashed, but theoretically aren't you only "screwed over" if you withdrew from the account when it was at its lowest, or sold all your holdings, or something?
Submitted July 16, 2018 at 03:24PM by Skeletubbies https://ift.tt/2NTdpIp
