Bumpy financial markets have you worried about 401(k)? Financial experts say slow down, don't do anything rash and remember long-term retirement goals.
What should investors do now?: It's a great time for investors to do a pulse check with their financial advisers…Make sure they continue to pay themselves first with retirement funding but feel comfortable with the market volatility…Stay the course when everything tends to be chaos around you.It's really hard to predict the stock market…I'd sit tight…But if you need money in the short run, you shouldn't invest in the stock market.
Those in their forties, fifties and sixties need to understand their long-term capital needs…They may need to adjust their investment allocations. However, if they can afford to max out their pre-tax savings, they should continue to do so.Saving for retirement is absolutely critical…Investors have the opportunity to fund their 401 accounts with pre-tax dollars. Do not live paycheck to paycheck because you have overcontributed on your 401.
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