43% of Retirement Savers Check Their Account Balances More Than 3 Times a Week. Here's Why That's a Huge Mistake
The past 12 months have hardly been kind to retirement savers. Since the start of 2022, many people have seen their IRA or 401(k) balances drop.
In fact, Fidelity reports that the average 401(k) plan balance is down almost 23% from a year ago, while the average IRA balance is down almost 25%. And a big reason has to do with recent stock market volatility.
Meanwhile, data from Nationwide reveals that many investors are terrified about their financial future in light of this year's stock market events. And 43% of savers say they've been checking their retirement plan balances more than three times a week to keep tabs on how they're faring.
Source Fool.com
