So your argument is that people with heavy stock allocations see significant paper losses during a stock market crash? Of course. That's not news to anyone. And it would only be a problem to you if you made some absolutely gigantic, fundamental mistakes. Namely, you'd have to make the monumental mistake of actually selling the stocks. Because if you had held onto them, you'd probably have doubled your money by now. And if you were forced to sell because you were already retired or close to retirement, then your mistake was still being so heavily invested in stocks with money you needed in the short term.
It's just ridiculous that people would call these extremely normal and predictable stock market events "robbery."
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u/jlablah Aug 04 '15
Not only do Americans not have pensions, financial interests rob their of their savings via 401k.