Did Your Retirement Nest Egg Shrink Last Year? 5 Things to Do Now

Last year was terrible for stocks, with the Dow, S&P and tech-heavy Nasdaq all posting double-digit losses. And that showed up in retirement accounts.

According to Fidelity, In the third quarter of 2022, 401(k) balances were 23 percent lower than the year before.

That’s a lot of loss.

This makes for stressful savers, especially those nearing retirement. So, what’s an investor to do?

Let’s find out.

In this week’s podcast, host Stacy Johnson is joined by financial journalist Miranda Marquit. Listening in and sometimes contributing is producer Aaron Freeman. This week, we’re joined by Robert Gilliland, the managing director and senior wealth advisor with Concenture Wealth Management. He’s going to help us navigate our retirement accounts during a bear market.

https://www.concenturewealth.com/our_team

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