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.
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Keywords: investment strategy, personal finance, business news, life, markets, individual retirement accounts, fidelity national information services inc, 401(k) plans, winnie sun, personal saving, economic events, inflation, retirement planning, kevin barry,
Source: https://www.cnbc.com/2023/03/07/how-retirement-savers-can-recover-after-2022-losses.html