A coworker in panic mode.

[mudwhistle]

SO your nest is getting sloshed by inflation.

It has been for the last 4 years

 

[yidnar]

I miss the Dow that Biden left us

well ya don't have to miss the sky high prices he left us ..

 

[yidnar]

SO your nest is getting sloshed by inflation.

thanks Joe Biden ..

 

[Zincwarrior]

thanks Joe Biden ..

Fuck you. This is all Trump.

 

[yidnar]

Fuck you. This is all Trump.

so you're saying that the high prices at the grocery store , insurance , rent , mortgage rates ECT .. happened in the last 90 days and none of this happened during the 4 yrs Biden was in office eh ..

 

[Admiral Rockwell Tory]

Stocks are your nest egg. Your argument is essentially stay alive until the market recovers from Trump's insanity. OK...

You can do a partial withdrawal from your 401K. You don't have to take it all.

 

[Zincwarrior]

so you're saying that the high prices at the grocery store , insurance , rent , mortgage rates ECT .. happened in the last 90 days and none of this happened during the 4 yrs Biden was in office eh ..

ANd inflation was declining. Its the opposite now. Thats your bro.

 

[yidnar]

ANd inflation was declining. Its the opposite now. Thats your bro.

 

[The Duke]

I ran into an old coworker in the supermarket and he is in full-on panic mode over his 401k. I know he voted for Trump but now he is skittish about the market. I told him not to panic but he is panicking. I hope this works itself out.

Don't panic, don't sell.

 

[jwoodie]

I ran into an old coworker in the supermarket and he is in full-on panic mode over his 401k. I know he voted for Trump but now he is skittish about the market. I told him not to panic but he is panicking. I hope this works itself out.

The only people who are hurt by stock market dips are panicky know-nothings who take early distributions from their 401K Plans and pay the associated taxes and penalties. (If they really need the money they can borrow up to $50,000 and pay it back over five years.) Required Minimum Distributions after retirement age are actually quite small (~4%) and will be made up when the market rebounds.