My popular blog demonstrating how making contributions is more important than returns is re-written as an article.
You can’t grow anything until you plant the seeds. Many then assume the market through great returns are going to transform your seed into a great tree. Not so fast. First, you don’t control returns (even though many in the industry may lead you to believe so). Returns are the result of many factors discussed in the article. And, as we have been so well reminded since 2008, returns may be volatile and even negative. Lastly, contributions during the early years form the foundation upon which future growth may occur.
A prudent retirement plan should be developed that is not dependent on returns.