IRA Balances Are Down, but Here's Why You Shouldn't Worry
Saving for retirement is essential. Without savings, you might struggle to cover your living expenses once your career comes to an end and you're limited to a monthly benefit from Social Security.
But sometimes, even the most diligent of retirement savers can experience a temporary setback. And a lot of people are in that boat this year.
The stock market has been rocky since the start of 2022. And not surprisingly, Fidelity reports that IRA balances are down across the board.
Source Fool.com