It comes with the territory.
That territory being approaching the witching hour that takes place in your mid-60s.
In other words, it has not been a good few days to be checking your 401k.
Fears of the coronavirus have Wall Street in panic mode, with the Dow entering correction mode, with a couple of 1,000-point plunges.
A lot of Americans - or at least those not employed as teachers - no longer have the luxury of a fully funded pension. Instead they are exposed to the vagaries of Wall Street in 401ks.
And this week they are learning something sky-watchers learned centuries ago: What goes up must come down.
With a thud!
It looks like it is shaping up as another day of High Anxiety.
My brother, the lifetime union member, firmly believes the end of the line for thriving middle class in this country came when courts allowed corporations to slither out from under their pension obligations.
This week I am guessing there are a lot of nervous 401k holders who agree with him.
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