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'I'll retire when I'm dead': My 401(k) lost $50,000 in the market turmoil. I'm in my early 40s. What should I do now?


Published on 2025-03-17 12:21:30 - MarketWatch
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  • I have not been attentive to the stock market until now, but I see that it's fallen a lot. I lost $50,000 in my 401(k). I'm in my early 40s, so there is time. I have no clue how the funds in my 401(k) are invested,

The article discusses the financial predicament of a 44-year-old individual whose 401(k) lost $50,000 due to recent market volatility. The person expresses a resigned attitude towards retirement, stating they'll "retire when they're dead," reflecting a deep concern about their financial future. Financial experts suggest several strategies to mitigate the impact: rebalancing the investment portfolio to reduce risk, increasing contributions to the 401(k) if possible, and considering other investment vehicles like IRAs or annuities. They also recommend not to panic sell, as markets can recover, and to possibly consult with a financial advisor to tailor a recovery plan. The article emphasizes the importance of a long-term perspective on retirement savings, highlighting that despite the current loss, there's still time to rebuild the retirement fund before reaching traditional retirement age.

Read the Full MarketWatch Article at:
[ https://www.msn.com/en-us/money/retirement/i-ll-retire-when-i-m-dead-my-401-k-lost-50-000-in-the-market-turmoil-i-m-in-my-early-40s-what-should-i-do-now/ar-AA1B4hOJ ]