My retirement fund that I just started was worth $15k in December of 2021. Then, May of 2022, our area was hit really hard. My retirement plan went down to $7k. Today, it’s worth $11k. I lost $4k on my retirement plan. It’s invested in total market funds, some tech, some big cap companies, and healthcare. But every sector has been ravaged by the stock market changes.
I don’t see what’s so difficult to understand. If you can’t retire at 60, try again at 90. At 120, you really should consider an alternative. If you have to wait until 150, retirement will likely be a lower-priority issue. \s