Warnings About 401k Balances

The headlines have been warning about the drop in 401k balances. Here is what you should be aware of!

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Mike Bernard, CFP® offers advisory services through KFG Wealth Management, LLC dba Korhorn Financial Group. This information is for general financial education and is not intended to provide specific investment advice or recommendations. All investing and investment strategies involve risk, including the potential loss of principal. Asset allocation & diversification do not ensure a profit or prevent a loss in a declining market. Past performance is not a guarantee of future results.

[oahuguy]

This message is geared towards people accumulating with dollar cost averaging, but didn’t address people in retirement, withdrawing from 401k type accounts.

[laurenodonnell]

I will forever be indebted to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Bonnie Antelo

[Csmonk]

More people moved jobs and started new 401k accounts?

[eddieslittlestack]

This is dumb.
Here’s why
If you have say that $140, 000 401k, then say you leave your job and get a different job and open a new 401k. BOOM!! the **AVERAGE** 401k went down. Then say you rolled that old 401 in an ira. That too brings down the ***AVERAGE*** 401k.
Not every body’s investable assets went down.

[davidcanning]

Apart from the Gemstones haircut, this dude is a zero in the information department. - dollar cost averaging is the summation, except dude doesn’t mention it.