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The Crossroads of Special Operations

Thursday, August 5, 2021

You might be tempted to move to safer 401(k) assets amid coronavirus market swings. What to know before you shift your money | CNBC

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401(k) investors have been looking to place their money elsewhere as the market swings due to uncertainty from the coronavirus. Put your thoughts on pause for a minute though before you start switching money around. Kelly O’Donnell, executive vice president at Edelman Financial Engines, and financial experts, are warning people to keep their money where it is. “The balance is going to go up and down, that’s just part of the market,” commented O’Donnell. Consider talking to a financial advisor who understands the market trends and can help you make the safest decision.

Source: https://www.cnbc.com/2020/03/05/investors-move-to-safer-401k-assets-amid-coronavirus-market-swings.html

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