Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
www.nbcnews.com Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
Some are changing their spending habits while others are worried about their future quality of life.
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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.
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