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Stockmarket and your 401k
6 months ago
It took me almost 30yrs to learn what I am about to tell you. If you are between the ages of 18 & 60, don't look at your 401k right now. It will only cause you stress. History proves the markets will recover before you retire. If you are over 60yrs old and have more than 5% to 10% of your 401k invested in stocks then you need to fire your investment advisor or hire one because someone doesn't know what their doing. By 50, at least 50% of your 401k should be moved into less risky funds, and by 60, almost every 💵 should be in a money market account or t-bonds. #Stock #financialfreedom
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