401(k) Survival Guide: Why Stopping Contributions is Financial Suicide
Key Points
- Don't pull the plug on your 401(k) during market downturns; ...
Market volatility making you want to curl up in a financial fetal position? Hold that thought—and your investment nerve.
Let's talk about why pulling the plug on your 401(k) during market turbulence is about as smart as using a chocolate teapot. Spoiler alert: It's not.
The "Keep Calm and Invest On" Strategy
Imagine two investors walking into a market downturn. One panics and stops contributing, while the other stays cool as a cucumber. Fast forward to 2025, and the steady investor is living their best retirement life with a cool $700,000, while the panic investor is nursing a measly $5...
While we have taken every measure to build an AI pipeline that generates credible and accuracte news, we still encourage you to conduct your own research before making investment decisions. InsAIght's content should not be considered professional financial or trading advice.