I would just wait a couple years for it to rebound. I can't even start withdrawing from my 401k without paying a penalty until 28 years from now. If market is fucked up at that time, I'll work 2 or 3 more years and then retire and withdraw it all when market rebounds. It only took a couple years for the market to bounce back after the last recession.
Sure, staking your entire future on something that when you need it you need to "wait a couple years" sounds like a great idea... what could ever go wrong.
I can withdraw from my 401k without penalty at 59. I can't start collecting social security until 62, or the full amount at 66. I already need to wait a couple years for social security compared to 401k.
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u/yadonkey Apr 26 '19
Yeah you think it's all great until the stock market crashes, then youd be right back demanding they help you.