Target-date funds, a popular retirement-savings option, are more heavily invested in stocks than investors might think
Selloffs continued to batter major U.S. stock indexes, with the S&P 500 entering bear-market territory Friday for the first time in more than two years. WSJ’s Caitlin McCabe looks at some of the key causes behind the market volatility. Photo: John Minchillo/Associated PressMillions of workers and retirees are more exposed to the stock-market slide than they might expect.
401(k)s have become 201 (k)s😭😭😭
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‘What are the chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?What are the chances? I retire and the stock market crashes. All my plans are upside down. What do I do with my 401(k) now? The Moneyist answers: 😂😂boomers rekt Go back to work then, you all voted for this this collapse because Rachel Maddow convinced you a lie was true. She probably got richer shorting the market with Soros. In 1987 the Dow went from 2,700 to 776. The 2008 recession had a drop from 14,000 to 6,500 over 18 months. So far the Dow has gone from mid 30k to low 30k or about 4% loss. It’s not good news but hardly reason to panic or make radical changes to life plans.
Source: MarketWatch - 🏆 3. / 97 Read more »
‘What are the chances? I retire and the stock market crashes. All my plans are upside down.’ I want to draw on my 401(k) to renovate my new home. What options do I have?What are the chances? I retire and the stock market crashes. All my plans are upside down. What do I do with my 401(k) now? The Moneyist answers: 😂😂boomers rekt Go back to work then, you all voted for this this collapse because Rachel Maddow convinced you a lie was true. She probably got richer shorting the market with Soros. In 1987 the Dow went from 2,700 to 776. The 2008 recession had a drop from 14,000 to 6,500 over 18 months. So far the Dow has gone from mid 30k to low 30k or about 4% loss. It’s not good news but hardly reason to panic or make radical changes to life plans.
Source: MarketWatch - 🏆 3. / 97 Read more »
What Selling Sunset’s Christine Quinn Can’t Live Without“I’m embarrassed to say how much I paid for this toaster, but it’s no joke. I use it every day”
Source: NYMag - 🏆 111. / 63 Read more »
Asia stocks weighed by inflation concerns, China tech sellingAsian stocks came under pressure on Monday as persistent worries about inflation and rising interest rates dogged the global economic outlook and fresh selling in technology stocks weighed on Chinese markets.
Source: Reuters - 🏆 2. / 97 Read more »
New Republican bill would protect crypto investments in retirement accountsFidelity announced last month that it planned to offer bitcoin as an investment option in its 401(k) plans by the middle of the year, eliciting alarm from many Democratic lawmakers. Praise God We need regulations like yesturday. 'Let them in' Lol…..told ya they were going to pull the crypto plug…🥸👀☠️👁
Source: FoxBusiness - 🏆 458. / 53 Read more »
How To Understand Stock Market AlarmismTech Stocks Are Still Doing Better The S&P 500 “This is what we want you to see so you don’t think we are to blame”. -MSM When your tech stock shares have dropped 30, 40, or 50% you don't give a shit about the what's happening with the S&P.
Source: Forbes - 🏆 394. / 53 Read more »