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I don't know the sizes of the [bank accounts of the] people you typically see. But if you have a $100K account and lose half, it doesn't matter.

It doesn't? Why's that?

Because $100K isn't enough to fund a retirement. If you don't have enough to retire on, then half of that is also not enough to retire on. So there is no difference--either way, it's not enough to retire on. That seems to be self-evident.

Another way to put it: Using the standard rule of withdrawing 4% of your portfolio per year in retirement, 4% of $100K is $4000/yr.
Half that is $2000/yr.

Unless somebody is living in a refrigerator box and eating from dumpsters, an extra $2000 a year is not going to make any difference in their life-style.
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