return2ozma@lemmy.world to News@lemmy.world · 1 year agoRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comexternal-linkmessage-square219fedilinkarrow-up1814arrow-down17
arrow-up1807arrow-down1external-linkRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comreturn2ozma@lemmy.world to News@lemmy.world · 1 year agomessage-square219fedilink
minus-squareLka1988@sh.itjust.workslinkfedilinkEnglisharrow-up12·1 year agoRetirees? I’m not even 40 yet and my 401k dropped several thousand the last couple days.
minus-squareWhatSay@slrpnk.netlinkfedilinkEnglisharrow-up17·1 year 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-squarefutatorius@lemm.eelinkfedilinkarrow-up15·1 year 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-squareSpaceNoodle@lemmy.worldlinkfedilinkarrow-up7arrow-down1·1 year agoGood news, those are plummeting as well
minus-squareLka1988@sh.itjust.workslinkfedilinkEnglisharrow-up3·1 year 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.
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.
Good news, those are plummeting as well
Yeah, I try to forget it exists and only check it every few months.