Dont quit your job
Further proof that it’s nice to be in a plan that covers members of Congress too. The TSP continued to give investors a matching government contribution of up to 5%. But there were no recession-triggered layoffs. Federal workers did without pay raises for two years. And some companies - including several well-known investment management giants - stopped giving their own employees matching 401(k) contributions, so they could stay afloat. Many private sector employees were also forced to take pay cuts ranging from 5-25% in order to protect their jobs.
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But they missed out on the stock market rebound.
![dont quit your job dont quit your job](https://pics.esmemes.com/one-million-dollars-binary-options-quit-my-job-meme-most-51391379.png)
Many moved their TSP and 401(k) into “safer” bonds or treasury securities to protect them from losses. Especially if they are close to retirement, and even more so if already retired on a fixed pension. Especially if they are close to retirement, and.ĭuring that early 2000s super Bear Market, millions of investors lost billions of retirement nest egg dollars. Because stuff happens!ĭuring that early 2000s super Bear Market, millions of investors lost billions of retirement nest egg dollars. Worried about how you will survive the next recession? Concerned that it will be worse than the 2007-09 downturn? While you’re at it, maybe you should worry about the recession-after-next.