During this coronavirus lockdown, it looks like I'll still have a job, at least for a while. The past few weeks have been spent thinking about how this affects me and my retirement plans as my LNW hit $2M the day before the market tanked. I'm now down over $300K, and the severity of it has made me stop thinking about myself and start thinking about others who have lost their jobs, have no savings, live paycheck to paycheck, etc. This will devastate them.
So I've decided that I will no longer try to save and contribute to my taxable accounts. Sure, I'll keep going with 401K and Roth, but for the rest of the year, any savings beyond that will go to someone else who needs it more -- not my own personal bank account. I feel as if I can delay a year to try to keep some other people/businesses from sinking into negative territory.
Anybody else with me?