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Are you retiring tomorrow? If not, it doesn't really matter does it.

Well, or potentially in the next couple years depending on how things go. But the principle still applies.

Some people are. And I will one day, so not sure why you think it doesn't matter. Will it return? Sure. But that still leaves 1-2 years with no growth.

Your portfolio should already be no more than 60% equities if you’re near retirement.

If you’re not ready to retire, you have much time for the value of your portfolio to recover and continue to grow.

“Time in the market” is the primary consideration, but also proper diversification (less growth, but also less risk) as you get closer to retirement.

If you're younger and able to keep your job, think of it instead like stocks are now on sale. You can buy them cheaply and make good profits(for the market as a whole. Individual stocks are relatively risky as some companies will crash)

No.

You need to have available funds to do this though - for those fully invested, they will have to wait for their paychecks/contributions, which could be peanuts compared to their current exposure

Aren’t we talking about where things were at in 2017 then?

No. I had more in 2017 because my money was just sitting in cash.