Re(1): Dow Futures Drop More Than 700 Points Due to the Coronavirus

Welcome to the 54Net FORUM

The FORUM is provided for Classmates and their families to present information of interest to the Class.

Re(1): Dow Futures Drop More Than 700 Points Due to the Coronavirus
Posted on 2/25/2020 at 20:54:27 by Bill Crawford, (14)

Wondering about the effect that a big market drop would have on 401k's, I checked on the internet to determine how many 401k's are heavily involved in the stock market.
According to the below-linked artilce, two thirds of 401k's are heavily based on stock market equities.
However, the article went on to say that a temporary downturn in the market shouldn't be a worry to most folks with 401k's; this , because the market would likely rebound before they are directly affected.
The article even went on to say that a market downturn could even be considered a "stock sale".
However, the article didn't address the effect of a 1929-type market crash.
It also didn't address those retirees who are already drawing down on their 401k's.

The Number of 401k's That are Heavily Involved in the Stock Market

Replies:

Re(1): Dow Futures Drop More Than 700 Points Due to the Coronavirus - By Les Ostrom - 2/24/2020 at 23:30:21
- Re(2): Dow Futures Drop More Than 700 Points Due to the Coronavirus - By Les Ostrom - 2/25/2020 at 03:31:07
  - Re(3): Dow Futures Drop More Than 700 Points Due to the Coronavirus - By Les Ostrom - 3/6/2020 at 17:29:58

Post a reply: