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Retirement savers can position for a ‘comeback’ after 2022 losses, says advisor. Here’s how - TL;DR CNBC

Retirement savers can position for a ‘comeback’ after 2022 losses, says advisor. Here’s how

Publishing timestamp: 2023-03-07 14:21:32


Summary

Retirement 401(k) account balances lost nearly one-quarter of their value in 2022, but there is potential for a comeback this year. It is important to review investment allocation and consult with a financial advisor to ensure it still meets your needs. Many older Americans are concerned about their retirement security, but it is important to not let short-term economic events derail long-term retirement savings efforts. Consider adding to investments during market dips and increasing 401(k) contribution percentage.


Sentiment: NEUTRAL

Tickers: FIS

Keywords: investment strategypersonal financebusiness newslifemarketsindividual retirement accountsfidelity national information services inc401(k) planswinnie sunpersonal savingeconomic eventsinflationretirement planningkevin barry

Source: https://www.cnbc.com/2023/03/07/how-retirement-savers-can-recover-after-2022-losses.html


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