"In the richest country in the history of the world, a secure and dignified retirement should be available to every American, not just the extremely wealthy."
What were you invested in? An index fund? I’m doubting, but explain. Did your investments go poorly? Which investments? We’ve had a bull run for the past 20 years (when you look at general markets and not particular markets). Sucks if you invested in one company, but that’s why they say diversify…
Your retirement, still, IMO shouldn’t be predicated on you knowing how to invest. Just because you might have made bad investments, doesn’t mean you should be destitute. But I’m trying to make sense of your story.
What were you invested in? An index fund? I’m doubting, but explain. Did your investments go poorly? Which investments? We’ve had a bull run for the past 20 years (when you look at general markets and not particular markets). Sucks if you invested in one company, but that’s why they say diversify…
Your retirement, still, IMO shouldn’t be predicated on you knowing how to invest. Just because you might have made bad investments, doesn’t mean you should be destitute. But I’m trying to make sense of your story.
A lot of people don’t even know they need to invest the 401k funds. So they throw money into a bucket and it only grows as much as they put in.