I know. These folks have no more lost their retirement due to the financial downturn than I have lost an aircraft carrier full of Swedish supermodels and propelled by unicorns.
An inspection of my back pocket will not reveal that aircraft carrier, but that doesn't mean I lost it.
Clearly if you've got $25k in your retirement account close to retirement, whether it declines to $15k or explodes to $100k is immaterial to your prospects of retiring: you're going to be almost wholly dependent on other sources of income either way. (Social security, pensions, income from working, familial support, etc.)
> These folks have no more lost their retirement due to the financial downturn than I have lost an aircraft carrier full of Swedish supermodels and propelled by unicorns.
I LOL'ed. I think you are just taking what I said too literally. I get what you mean, though.
I know. These folks have no more lost their retirement due to the financial downturn than I have lost an aircraft carrier full of Swedish supermodels and propelled by unicorns.
An inspection of my back pocket will not reveal that aircraft carrier, but that doesn't mean I lost it.
Clearly if you've got $25k in your retirement account close to retirement, whether it declines to $15k or explodes to $100k is immaterial to your prospects of retiring: you're going to be almost wholly dependent on other sources of income either way. (Social security, pensions, income from working, familial support, etc.)