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Decline of 401(k) account balances | quick update edition

  • Writer: Claire Carpenter
    Claire Carpenter
  • 2 hours ago
  • 1 min read


A traditional 401(k) account is an employer-sponsored retirement account with tax benefits. Each one is a little different, but the money in these accounts generally are diverse portfolios, with money often invested in mutual funds, ETFs, money market funds, individual stocks and bonds, etc. These accounts are designed to maximize employee retirement savings through structured allocation. 


After a surprisingly rough monthly jobs report, war in the Middle East, and surging gas prices, the markets have surely seen better days. This market volatility has caused 401(k) accounts nationwide to show decreasing earnings and reduced return rates. The best thing to do in this scenario is to stick to your plan: sitting back and letting drama unfold often yields better results than an impulse selloff.



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