return2ozma@lemmy.world to News@lemmy.world · 2 days agoRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comexternal-linkmessage-square181fedilinkarrow-up1735arrow-down16
arrow-up1729arrow-down1external-linkRetirees 'stunned' as market turmoil over tariffs shrinks their 401(k)swww.nbcnews.comreturn2ozma@lemmy.world to News@lemmy.world · 2 days agomessage-square181fedilink
minus-squarehark@lemmy.worldlinkfedilinkarrow-up18arrow-down2·1 day 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-squareTheMachineStops@discuss.tchncs.delinkfedilinkarrow-up2·edit-217 hours agoThey saw stocks rise over 1000% over 5 years (AI stocks) like everyone else and started dumping everything in it.
minus-squareAdamBomb@lemmy.sdf.orglinkfedilinkEnglisharrow-up5·1 day agoYeah, exactly my thoughts. At retirement age, most or all your investments should be low risk.
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?
They saw stocks rise over 1000% over 5 years (AI stocks) like everyone else and started dumping everything in it.
Yeah, exactly my thoughts. At retirement age, most or all your investments should be low risk.