It only bankrupts idiots like those on /r/wallstreetbets or those who put all their money into one stock. Yes the market may go down, and it may go down a lot, but that’s not going to make you bankrupt unless you make extremely dumb choices.
Luckily most retirement plans come with a target date fund, which is an easy way to diversify and get basically guaranteed gains.
Also, it’s the only retirement the middle class has, so you can’t destroy it.
It has also bankrupted shitloads of people, so this crap about it being a retirement plan is fucking bullshit and you KNOW it is.
It only bankrupts idiots like those on /r/wallstreetbets or those who put all their money into one stock. Yes the market may go down, and it may go down a lot, but that’s not going to make you bankrupt unless you make extremely dumb choices.
Luckily most retirement plans come with a target date fund, which is an easy way to diversify and get basically guaranteed gains.
Also, it’s the only retirement the middle class has, so you can’t destroy it.