How to manage your 401(k) as the coronavirus upends the markets investinyou (In partnership with acorns.)
When it comes to your 401, there's one piece of advice that most financial experts agree on in market routs like this: Stay the course.
However, many investors are not taking that advice, according to the latest data from the Alight Solutions 401 Index, which tracks daily activity at 401 plans provided by large employers.Meanwhile, trading activity on the previous day, Thursday, Feb. 27, was 11.37 times average. Only two other dates have exceeded the 11 times average. Those were Jan. 22, 2008 and Feb. 5, 2018.
If you're like a lot of people, you're also looking for reassurance that your nest egg will still be OK. The key to that is to revisit your plan. "No one can time if the market is going to go up or down," he added. "But we do have control over what our plan is."When making decisions as to what actions fit you best, your age is a key factor to keep in mind.
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