At a time of heightened uncertainty — about health, the economy and personal financial status — retirement savers didn’t falter, at least according to first-quarter data Fidelity Investments released on Friday.
“It was encouraging to see that many investors stayed the course and did not make drastic changes to their asset allocations,” Kevin Barry, president of Workplace Investing at Fidelity Investments, said in a statement.The coronavirus crisis has jolted economies and individuals, leaving people around the world worried about their health and wealth.
Some retirement savers may hear the sound of a bear market and try to move some of their portfolios away from equities, which hold more risk than conservative funds like bonds. But most Fidelity investors did not waver. About 7.3% of 401 account holders made a change to the asset allocation of their 401 plans, which is still an increase from 5.2% in the fourth quarter of 2019. A majority — 60% — of the people who made a change only did so once in the first quarter.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Lady Gaga's New Album 'Chromatica' Will Feature Collaborations With Ariana Grande, BLACKPINK, And Elton JohnGood things come to those who wait, right? pq vcs botaram logo essa foto porra Telephone (Zoom) Pt. 2 ft. Destiny’s Child missing, clearly. GAGAPINK WORLD DOMINATION
Source: BuzzFeed - 🏆 730. / 51 Read more »
401(k) balances sink 19% due to coronavirus, Fidelity saysAfter hitting record highs last year, retirement account balances sank in the first quarter, according to Fidelity Investments, the largest 401(k) provider in the U.S. Not a normal bear market. With 26M unemployed, oil into the negatives, loan mortgage have decline by 14% in March. Companies closed n possible bankrupt if not already. The infinite of the dollar being printed. But do you CEO’s are stepping down... History is repeating just like 2008. PlanB Bitcoin BITCOIN
Source: CNBC - 🏆 12. / 72 Read more »
Maren Morris hits back at Instagram critic who told the country singer to 'stop with the Botox'Maren Morris Hits Back At Instagram Critic Who Told The Country Singer To 'Stop With The Botox' (via Fox411) Fox411 The Instagram comment was right Fox411 by clapping back she has let us all know she needs botox Fox411 They ain't wrong tho
Source: TMZ - 🏆 379. / 59 Read more »
Financial planners share top advice to clients during the pandemic - Business InsiderOver a third of financial planners surveyed by the CFP Board advised clients to 'sit tight' and avoid making major financial decisions right now.
Source: BusinessInsider - 🏆 729. / 51 Read more »
ThirdLove is Having a Secret Sale on Its Most Popular Bras Right NowSuddenly, I want to wear one again.
Source: Cosmopolitan - 🏆 725. / 51 Read more »
Madison and Peter From ‘The Bachelor’ Are Having the Most Petty Beef Right NowMadison and Peter From 'The Bachelor' Are Having the Most Petty Beef Right Now
Source: glamour_fashion - 🏆 119. / 63 Read more »