Quote:
Originally Posted by Rich Klein
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.
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I don't know what an aggressive 401K looks like. If you owned anything you took a huge hit. But it only matters if you don't have time to recover. Anyone looking to retire this year is probably rethinking that. Anyone who planned to cash out their accounts won't have enough time to recover before they need the money.