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Retirement plan down because of covid-19? Here’s why you still need stocks in your 401(k).

Retirement plan down because of covid-19? Here’s why you still need stocks in your 401(k).
Monday 13
13:50 2020

Sure, bank deposit interest rates are pitiful, but at least they are safe, right? One of the biggest threats to having enough to live on in retirement is inflation. Another threat is acting out of fear. Panic is as much an investor’s enemy as inflation. As The Washington Post’s New Rules of Retirement explored, the coronavirus economy is causing concern — but you have to fight the urge to flee the stock market. AD I asked Christine Benz, director of personal finance for Morningstar, to answer some of the most frequently asked questions from retirement plan investors. AD Q: When ...

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Read more from Washington Post : Retirement plan down because of covid-19? Here’s why you still ...
Washington Post : Retirement plan down because of covid-19? Here’s why you still need stocks in your 401(k).

Summary: One of the biggest threats to having enough to live on in retirement is inflation. Another threat is acting out of fear.

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