At Women Financial Power, we offer safe retirement planning. Here's why, there are always ups and downs in the market that we can't control. Here's what it amounts to, as an investor, you put up 100% of the money and you take 100% of the risk. You're the one whose principal is on the line. This is fine if it is money you can stand to lose, but this is not the only way to invest or save for retirement. Women Financial Power builds a solid foundation for our clients that protects their principal.
We came across this article from Bloomberg and decided to share it here so that you can see exactly what happened in the first half of 2022. Some people feel stuck to their 401k, well we've got news for you, there are alternate solutions for retirement planning that are safe.
Take the time to read this article Bloomberg posted that will help with understanding 401k & pension rollovers:
"The number of people with at least $1 million in their Fidelity 401(k) accounts plunged 29% in the second quarter to 294,000, data from the company shows. The S&P 500 posted its lowest closing price so far this year on June 16, when the index was down about 24% from its peak on Jan. 3. The population of IRA millionaires took a sharp tumble as well, down 17% from a year earlier to 284,900, according to figures from Fidelity that cover the more than 35 million 401(k), IRA and 403(b) retirement accounts at the company. "