Review the latest Weekly Headings by CIO Larry Adam.
Happy National 401(k) Day! Did you even know there was a day dedicated to celebrating saving for retirement? Well now you do! And that’s a good thing because it is a very important topic – one that needs to stay top of mind for everyone. When you step back and think about it, it is hard to believe that this hugely important retirement benefit has only been around for just over 40 years. More important, the legislation that created tax-deferred retirement plans (and some stellar market returns) has allowed U.S. households to accumulate significant retirement nest eggs. In fact, at the end of 2022, employer-sponsored retirement plans had amassed nearly $9 trillion in assets according to the Investment Company Institute’s Fact Book. That surely is something worth celebrating! And while market volatility over the last few years may have shaken some participants’ confidence, there are four important investing concepts to remember when it comes to planning for your future.
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