DIYbanter - View Single Post

HeyBub[_3_]

wrote:

I bet if you were 63, and it was your 401K's value going down the
toilet, you would be first in line SCREAMING for the government to
step in and bail your ass out.

I bet not. People smart enough to set up a 401(k) are smart enough to know
there's ups and downs in the market, and that even when the market is down
it's still better than the government. After all, people could have been
buying T-bills instead of a 401(k) participation.