The 401(k) I started in the late 1990s, before I went to business school, is worth less than the money I put into it. And even when I look at the last decade, I don’t see 8 percent growth; after inflation, it’s more like 2 to 3 percent. Most of the money in my retirement accounts is the money I put in. Nor am I alone.Potentially snarky comments about investment strategies aside, this is a lot like what I have been seeing lately as well. Yield is extremely low these days. While it is always possible it will spike up again, the wave of retirements suggests that there will continue to be some exit from the market (as retired adults dip into saving to finance their retirement) which should put some downward pressure on prices.
Private market retirement is a tricky beast indeed.
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