Greetings, fellow Patriots! This subject has been on my mind for quite some time now, but I didn't want to post here for fear of a backlash. But here goes.
Many people say a serious crash in the stock market is part of The Plan. What about those of us who sacrificed and saved and skimped to pad our retirement funds/IRA'S/Nest eggs, etc?
My husband and I aren't rich, but we've planned for our retirement for the past 30 years and should be able to retire comfortably, which is only a few years down the road. What will happen to all of our hard work, and everyone else who has done the same?
Please don't bash and say I'm missing the bigger picture. We have worked hard for what we've built! I just don't see Trump allowing the average Joe's life savings go up in smoke!
Thoughts, please.
It’s incredible how no one actually answered your question
My observation is, depending upon your expected year of retirement. You’ll be fine. If a market crash does happen, it’ll be because of a recession. Which is natural
But if you are near retirement age, your investment risk tolerance should be adjusted for people nearing retirement. Meaning safe investments
So even if the market does crash, you are not as severely affected
I don’t think you have muhc cause to worry
The impending crash of the petrodollar has different ramifications on personal savings, investments and retirement funds than your typical recession, even if it’s a deep one. That seems to be the gist of the original inquiry, and yes, personal finance will turn to complete shit for most. Most walk around in a fog when it comes to this matter or the topic of being prepared to endure.