Of all generational cohorts, older millennials are most likely to generate enough income to retire comfortably, according to the latest Vanguard Retirement Readiness report.
Specifically, millennials aged 37-41 have the greatest chance of landing a comfortable retirement.
My employers 401k plan was automatic. Let it sit for 3 years and came on hard times around 2021. I actually lost ~15% of the money I put in. Cashed it out, opted out of automatic contributions and haven’t looked back. I don’t need some investment firm to lose my money for me, I’m already good at that on my own lol
You don’t trust the pieces of shit my taxdollars bailed out in 2009? Why don’t you trust those peices of fucking shit?
You sold when it was 15% down? And outside of retirement?
For the love of god, don’t touch your retirement savings. Consider reading this series:
https://jlcollinsnh.com/stock-series/
I needed what little was in that account because my car shit the bed on me and the repairs were more than the car was worth. Had to take that and my stimulus check to buy another beater. I’m still paycheck to paycheck and couldn’t afford to start my savings back up if I wanted to
Let me guess, you are in USA? Only there you’d be so car-dependent.
I see. I’m sorry about your situation.
All good! I appreciate the advice, genuinely
Stay strong Barrel, I hope the situation turns around for You ( and for all ). I hope You manage to find strength somewhere and I hope luck comes by you soon.