return2ozma@lemmy.world to News@lemmy.world · 28 days agoRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comexternal-linkmessage-square221fedilinkarrow-up1815arrow-down17cross-posted to: economics@lemmy.worldaboringdystopia@lemmy.world
arrow-up1808arrow-down1external-linkRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comreturn2ozma@lemmy.world to News@lemmy.world · 28 days agomessage-square221fedilinkcross-posted to: economics@lemmy.worldaboringdystopia@lemmy.world
minus-squarehark@lemmy.worldlinkfedilinkarrow-up18arrow-down2·27 days agoPeople at or near retirement age should have a 401k invested in more safe funds with a higher mix of bonds. Why would they have such a high proportion of stocks that a drop in the stock market would impact their spending habits?
minus-squareAdamBomblinkfedilinkEnglisharrow-up5·27 days agoYeah, exactly my thoughts. At retirement age, most or all your investments should be low risk.
minus-squareTheMachineStops@discuss.tchncs.delinkfedilinkarrow-up2·edit-227 days agoThey saw stocks rise over 1000% over 5 years (AI stocks) like everyone else and started dumping everything in it.
People at or near retirement age should have a 401k invested in more safe funds with a higher mix of bonds. Why would they have such a high proportion of stocks that a drop in the stock market would impact their spending habits?
Yeah, exactly my thoughts. At retirement age, most or all your investments should be low risk.
They saw stocks rise over 1000% over 5 years (AI stocks) like everyone else and started dumping everything in it.