Panic in the markets can cause a lot of emotional turmoil. Some investors can become tempted to halt 401(k) contributions when the market is going down. If you are prone to this line of thinking, you will want to consider these five reasons that halting your 401(k) contributions would be a mistake.
Michael Bird, AIF® is the Director of Valentine 401(k), an advisory division of Valentine Ventures, LLC in Bend, Oregon. A financial educator, Michael provides helpful guidance for both 401(k) participants and plan sponsors.
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