I just did a couple of trades in my IRA, which I have been unable to add money to since 1999 (deductibility rules) and 2006 (lack of earned income).In passing, I noticed that it currently stands at the highest value it has ever had -- INCLUDING the peak right before before the 2008-2009 bear market. This particular account lost 25% down from the peak.Today it's about 30% up from that peak, so the pothole of the bear is long gone.Just an example of how long-term returns shrug off short-term losses.Never taken a withdrawal from that account -- and never been forced to, since anyone rational has funds set aside for emergencies. The first withdrawal will be the year I turn 70 1/2 when RMD kicks in.
In passing, I noticed that it currently stands at the highest value it has ever had -- INCLUDING the peak right before before the 2008-2009 bear market.I sure hope it stays that way for you, Ray, but I'm not optimistic.
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