-NoLongerValid- t1_iy4cgkz wrote on November 28, 2022 at 5:36 PM

Reply to comment by Lobster_osity in Started saving for retirement this year-- my "historical returns" YTD say -8.97%, why am I putting this money here instead of a high yield savings account? by Lobster_osity

> What if when I retire the market is shit? > >

With any luck you'll have 15-30+ years after your retirement date to recover some of those losses. And, it will probably be wise to lower your exposure to the stock market as you get close to your target retirement date.

Lobster_osity OP t1_iy4cxpq wrote on November 28, 2022 at 5:39 PM

Right, that makes sense. I guess I didn't really think about the fact that you don't cash it out all at once when you retire. Thank you for the perspective!