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News@lemmy.world · 2 months ago

Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s

www.nbcnews.com

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Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s

www.nbcnews.com

return2ozma@lemmy.world to

News@lemmy.world · 2 months ago

Some are changing their spending habits while others are worried about their future quality of life.

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2 months ago
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?

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