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shadow_chance t1_iy5at7b wrote

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

As you get closer to retirement, you shift your asset allocation away (not completely) from stocks and more towards bonds/fixed income/etc. You also don't withdraw your whole account at once. Most of your money stays invested.

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