@[email protected] to [email protected] • 3 months agoRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comexternal-linkmessage-square214fedilinkarrow-up1731cross-posted to: [email protected]
arrow-up1731external-linkRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.com@[email protected] to [email protected] • 3 months agomessage-square214fedilinkcross-posted to: [email protected]
minus-squareLka1988linkfedilinkEnglish12•3 months agoRetirees? I’m not even 40 yet and my 401k dropped several thousand the last couple days.
minus-square@[email protected]linkfedilinkEnglish15•3 months ago401k are supposed to be the long game, ride out the ups and downs. That being said, it’s best to have other investments too.
minus-square@[email protected]linkfedilink14•3 months ago 401k are supposed to be the long game The older you get, the shorter the game is. You need to gradually reduce the volatility of your investments, even at the cost of rate of return.
minus-squareLka1988linkfedilinkEnglish3•3 months agoYeah, I try to forget it exists and only check it every few months.
Retirees? I’m not even 40 yet and my 401k dropped several thousand the last couple days.
401k are supposed to be the long game, ride out the ups and downs. That being said, it’s best to have other investments too.
Good news, those are plummeting as well
The older you get, the shorter the game is. You need to gradually reduce the volatility of your investments, even at the cost of rate of return.
Yeah, I try to forget it exists and only check it every few months.