22. Average 401(k) Balances Dropped 20% in 2022

2022 was a terrible, horrible, no good, very bad year for stock and bond markets. It seemed like everything went down in value, everything except inflation and mortgage rates which reached 40-year highs and 20-year highs, respectively. In short, 2022 was an emotionally draining year for many retirement investors and that means most panicked and yanked money out of their 401(k)s, right? No so fast. Today we're discussing what folks have been up to with their employer retirement accounts. I hope you enjoy this episode of The Atomic Retirement podcast!   

Resources Mentioned

• Average 401(k) Balances Dropped 20% in 2022 - But Few Investors Flinched, Vanguard Research Shows
• From Vanguard: Positive Signs In a Challenging Market
• From NYU: S&P Historical Data Since 1960 

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