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[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]
100 %

I knew someone who had just retired around the 2008 crash, and he had to go back to work, though he never found anything that paid what he used to get paid.  Years later, he died of cancer.

I'm also gen x and want to retire next year.  If the market tanks, I won't be able to retire.  Not to mention the hit on my kids' college accounts just as the youngest is starting college.

The AI bubble is a big worry.  The tech stocks are a large % of the Nasdaq, and if they fall, it will hurt.

https://finance.yahoo.com/news/absolutely-a-market-bubble-wall-street-sounds-the-alarm-on-ai-driven-boom-as-investors-go-all-in-200449201.html[/quote]

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