When Do You Stop the Bleeding?

When your retirement accounts lose money, you are told- yes, it's inevitable; yes, you will make up your losses- eventually 😫

But here's the thing: *whenever* you lose, you have to "pay off your losses" before you start paying yourself again 😳

Account down 10% for the year? Your account has to grow over 11% before you're back to even. In other words, that 11% will just float off into the ether... *then* you will be making money again 😫

Lost 20%? You have to make up 25%. You have to pay off your losses by making 25% more in your account, *then* you will be growing your wealth again. And the numbers just keep getting bigger... 🤔

Have you lost 40% in your accounts? You need to grow by 67%... just to get back to even 😱

So when do you stop the bleeding? When do you decide that "I'll make it up... eventually" isn't worth the loss? 😢

IMO, the answer is "right away" 😊

There is no reason to gamble with your hard-earned savings when there are perfectly good accounts that will protect you from loss, and allow you to grow your wealth 😁

You never have to lose another dollar. I mean it! This is the retirement plan that works for me and my family 📈

Now That's Smart Money 🧐