Dow Jones plunges for 2nd straight day on coronavirus fears

[Joe Nation]

24. You have to understand

I didn't invest in gold until Trump got elected. I made up a lot of the losses from 2008 and then switched over to gold. I didn't sell after the 2008 crash either. In fact, I think it wasn't until Trump's second year in office that i actually switched.

Our 401K funds are by no means our only nest egg. In all likelihood, our kids will get to inherit the money in the 401K's. At 70 and a half, we will be forced to draw down some of the 401K savings but we will most likely use that money to pay the taxes in advance so the kids don't have to.

We both have defined benefit retirement plans that will give us income for life. If I die, my wife gets a portion of mine and if she dies, I get a portion of hers. The portion is either 50%, 75%, or 100% depending on what you designate at the time of retirement. The 401K's were just a back-up and we still have more than 10 years to contribute to them.

Honestly, I never expected to make this much money in my 401K's but my kids will likely see hundreds of thousands when we both pass because the money has decades to grow still.