I’ve accepted it: Retirement is dead. Anyone still working today might never be able to retire.
So why are we all putting money into retirement savings accounts? Between IRAs, ROTHs, 401(k)s, SIMPLEs, SEPs and SOLOs, there’s no shortage of ways to save for a day that may never arrive. And yet Morningstar reports that the average retirement account lost value last year! (Mine certainly did!)