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3 Reasons Stock Market Volatility in 2021 Won't Destroy Your 401(k)


Channel3000.com
January 16, 2021 9:13 AM
[email protected] (Catherine Brock)
Posted:
Updated:
January 18, 2021 10:25 AM
Even after a long stretch of smooth sailing, a stint of choppy waters can leave you on edge about what happens next. That’s how many 401(k) savers are feeling after the coronavirus-fueled market crash last March. According to a recent survey from investment manager and insurance provider Principal, 29% of workers are very concerned about future stock market volatility and how it will affect their wealth.
That concern is understandable. It’s both frustrating and scary to realize your retirement depends on the stock market, but you can’t predict or control its behavior. The thing is, a rough patch in the market doesn’t automatically mean the end of your 401(k) or your chances for a comfortable retirement. Here are three reasons why. ....

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