Retirement Plan Balance Down? Here's What to Do.
It's important to contribute steadily to a retirement savings plan throughout your career. That way, you'll have money to tap in addition to the monthly benefits you're able to collect from Social Security.
Now you'll generally hear that it's wise to invest your retirement savings rather than leave your IRA or 401(k) plan sitting in cash. You need your savings to grow to outpace inflation and score yourself an adequate amount of buying power down the line.
But what if your IRA or 401(k) plan is down this year? If that's the case, you're in good company. The stock market has had an extremely volatile run, and we don't even know what the last two months of 2022 have in store. And so if you're seeing losses in your retirement plan, here's what to do.
Source Fool.com
