401K lost money
Hello Terry!
As everyone has, I lost huge in my 401K.
Over $11000.00! so far! I’m soon to be 66 next month, and being I only had 52000. in there before all this started, I got scared, and moved my money to “conservative” I was somewhat aggressive before.
I think I made a mistake! Should I put it back and let It ride out the storm?
I keep hearing all kinds of should , should have,??
Thank you for any insight you can provide me!
Terry Says
Hindsight is always 20/20! I had been warning about this possibility for months — but sadly many people sold right at the bottom. No one knows if this is “over’ yet. And you’re not getting any younger. In general, I’d suggest sticking with the most conservative option now and in the future. You won’t lose any more. And that’s the only thing for sure.
