Reply to My issue with stock market bubble fears

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]A lot of people don't have the time to ride out a stock market correction or crash, but they also need to stay invested in the market so their investments grow enough to cover a longer than expected retirement.

The problem is mostly for the retirees who are now living off their 401ks. Someone who has to withdraw funds for living expenses during a downturn is forced to sell assets at a low point. They've got to lock in the loss and they don't get to benefit from the eventual recovery.

I'm GenX, so I didn't care much in 2000, 2008, etc. because I had plenty of time before I needed that money. But now I'm getting closer to retiring and hoping that when we have a correction (or a crash), I'll still have time for the market to recover before I need to use that money.

Ageism in the job market is very real. If I lose my job in the next couple of years, I fully understand that I'll be getting a job at a much lower salary, if I get one at all. So that 401k money becomes even more important to me.

That's the problem. At least it is for me.  I mean, just take a look at the average and median 401k amounts for people in their 50s and 60s, and you'll see why they fear a crash. [/quote]

This.[/quote]

But if you’re Gen X don’t you still have time?   And haven’t you been benefiting from the strong bull market in recent years?[/quote]

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