Quote:
Originally Posted by packs
This crash is only damning for a small percentage of people: people who were looking to cash out their 401K's or other retirement accounts this year or the next. I have almost 30 more years to go before I'm retiring.
The crash won't affect my purchasing power. Everyone is always very sunny when it comes to discussing the future of the hobby. Only those nearing the end of their financial planning are really doomed. Let's see what happens.
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If you had a significant amount on money in the 401K and nearing retirement you should not have been in an aggressive mode. Now those with 30 or so years to go should be fine.