Have you looked at your 401K today?

grapedrink

Duke status
May 21, 2011
20,785
10,055
113
A Beach
There is no good spin that can be put on losing 21% of your account balance.
You didn't "lose" your balance. You didn't go from having 1000 shares to having 800 shares. The shares contracted in value, and will likely come back over time. Plus, those were speculative values to begin with, not real value.
I'm 2 years away from the age when my father retired very well. I'd love to retire in 10 years but that is looking less likely all the time.
In 10 years it should bounce back. A big chunk of the value in your 401k is what you contributed during the down years of 2000-10 because those shares had far more room to grow.
 

Sharkbiscuit

Duke status
Aug 6, 2003
20,156
11,807
113
Jacksonville Beach
ding ding ding

I have ramped up my contributions to accelerate towards annual max contributions now as opposed to later

buy buy buy
You sure about this call? I am expecting unemployment to rise. Is this going to be a jobful recession?

I'm adding to my dry powder, but not looking to buy MOAR just yet.