"Just wait...it will come back..." Uh...okay...
If you have your retirement plan with a broker or adviser right now (Ed Jones, Merrill, etc), you may have heard the following over the recent days:
"Just hang in there...the market will come back". Also known as: "Please don't leave me...I really like the fees you are paying me so I can GUESS with your retirement money."
Sad, but it is true. But let's say you stay and decide to run the risk. Has anyone ever shown you the actual math on what it will take to recover your losses? We can and we will.
Here's a hint: It is MORE than you actually lost. Numbers do not lie - but some people do. WATCH THIS VIDEO to learn more about RISK vs REWARD.