My portfolio is down 40% since January. I’m just glad I took most of it out before it got too bad so I’ve only lost about $1,000. I was about to open a retirement account too but decided against it when things started tanking and I’m glad that I didn’t.
My portfolio is down 40% since January. I’m just glad I took most of it out before it got too bad so I’ve only lost about $1,000. I was about to open a retirement account too but decided against it when things started tanking and I’m glad that I didn’t.
Tbf now is a good time to open a retirement account.
Is it? You assume things will recover
If things don’t recover by the time I retire I have bigger things to worry about than retirement.
It will. Eventually.
But it has a pretty long way to fall.
And a LOT that can happen before a “recovery”.
Now it is, but 3 months ago when I got the paperwork to do it was not. My procrastination saved me some money.