Americans saving for retirement weren’t panicking last quarter even as markets crashed and their 401(k) nest eggs deflated. Only 5.6% of people enrolled in a 401(k) plan changed their portfolio allocations in the first three months of 2020, according to a Morningstar Inc. analysis of more than 635,000 participants.
Read full Bloomberg article here: https://www.bloomberg.com/news/articles/2020-04-16/u-s-retirement-savers-stayed-calm-while-stock-markets-plunged
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Your Guide to Financial Independence
Rick Epple, CFP(r), CeFT (r)