Investment Losses in Your Retirement Account? How to Reset and Move Forward
Your 401(k) was supposed to be your ticket to a nice retirement. And it sure seemed like you were heading in the right direction, right up until 2020 happened. Now, your account balance is down and you're wondering where you went wrong. Did you pick the wrong funds? Should you have kept your savings in cash instead?
For the vast majority of people, saving enough for a decent retirement requires regular savings contributions over a long period of time. That, unfortunately, is the only thing that's straightforward about retirement saving. The rest of it -- picking funds, evaluating performance, deciding whether to hold or sell -- can feel like guesswork. And then when your portfolio balance goes down instead of up, you're even more uncertain.
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Source Fool.com
