8 Rules for Managing Your 401(k) in a Recession
Regency Wealth Management partner, Mark Andraos, was recently featured in a U.S. News & World Report article titled “8 Rules for Managing Your 401(k) in a Recession.”
In the article, Andraos emphasized the importance of maintaining a long-term mindset, especially during periods of market volatility. “If your day-to-day cash flow allows for it, consider increasing your contribution percentage and work towards maximizing it each year,” he said. “If you have a long-term time horizon and the markets have sold off, why not consider adding more dollars each pay period and buy at a discount?”
His remarks reflect a steady, forward-looking approach to investing. Even in uncertain times, thoughtful contribution strategies can help investors stay on course toward their retirement goals.
Read the full article and see all that Mark had to say!
This article and the quotation included is not intended as investment advice, nor should it be construed as a recommendation to buy or sell any securities by Regency Wealth Management or its employees. The author does not guarantee the accuracy or completeness of the information presented and strongly advises investors to conduct their own research and consult with a qualified financial advisor before making any investment decisions. Investing in stocks involves risks, including the potential loss of principal.
Regency Wealth Management is a SEC Registered Investment Advisor managing over $500 million for families and small institutional investors. Regency was founded in 2004, is headquartered in New Jersey, and serves clients across the country.