How will 401ks be affected?

[initforme]

Any experts here offer any insights into this?

 

[Dekster]

Any experts here offer any insights into this?

Don't consider myself an expert. but it will largely depend on which stocks a fund holds. Eventually the market will adapt. I have always kept a big chunk of mine in international funds as hedge against American political schizophrenia.

 

[1srelluc]

WTF are you talking about OP?

 

[initforme]

WTF are you talking about OP?

How will 401ks be affected by tariffs? I'm unsure. Looking for forecasts.

 

[JGalt]

How will 401ks be affected by tariffs? I'm unsure. Looking for forecasts.

Is there a problem?

 

[Anathema]

It won’t affect me… I don’t put anything in a 401K

 

[initforme]

It won’t affect me… I don’t put anything in a 401K

Lots of people do because that's what their employers give them. This is not the time for any pain

 

[1srelluc]

How will 401ks be affected by tariffs? I'm unsure. Looking for forecasts.

Unless you are a couple years out from retirement don't worry about it.

If you are you should have already moved your money into safer investments instead of looking for someone to blame for your own indecision.

 

[Blaster]

I'm doing just fine.

 

[odanny]

You should have the option of selling some of your holdings and letting them sit in cash, you run the risk of your former holdings going up in value and losing money getting back in.

I have no idea what the tariffs will do to my holdings, I"m guessing they won't affect share prices very much, unless an increase in cost of whatever it is they make has a negative impact on sales.

 

[initforme]

Unless you are a couple years out from retirement don't worry about it.

If you are you should have already moved your money into safer investments instead of looking for someone to blame for your own indecision.

So screw those that are close to retirement at a time when we are in dire need of people retiring to help the economy?

 

[1srelluc]

So screw those that are close to retirement at a time when we are in dire need of people retiring to help the economy?

A lot of people screw themselves by not keeping track of their investments.

 

[JGalt]

It won’t affect me… I don’t put anything in a 401K

Same here. I cashed mine out 25 years ago.

 

[WorldWatcher]

WTF are you talking about OP?

401K's invest mostly in the stock market.

When the market tanks because of tariffs that is going to be a major hit on 401K's and reduced income for retirees that rely on 401K's to pay for food, energy, and housing. Each will be more expensive as prices rise, coupled with lower income.

Glad to help.

WW

 

[1srelluc]

I guess the OP thinks that the Good 401K Fairy is gonna manage his/her 401K investments.

 

[Anathema]

Lots of people do because that's what their employers give them. This is not the time for any pain

I have the option of one through my employer. I just don’t put anything in it. I have a pension, but since I don’t really ever plan to retire thsts pretty much a waste as well.

 

[WorldWatcher]

Any experts here offer any insights into this?

Yes...

..... ..... ..... Go to Walgreens and buy some KY.

..... ..... ..... ..... ..... ..... You are about to get boinked.


WW

 

[odanny]

U.S. stocks slumped Monday after the Trump administration moved to impose sweeping tariffs on the nation’s three largest trading partners in an escalating trade war.

Over the weekend, President Donald Trump imposed levies on imports from Canada, Mexico and China. The tariffs set to take effect early Tuesday elicited a swift response from Canada, which targeted hundreds of U.S. imports from oranges to motorcycles with tariffs of its own. Mexico is preparing to roll out countermeasures Monday.


The Dow Jones Industrial Average fell roughly 600 points, nearly 1.4 percent, in midmorning trading while the broader S&P 500 and tech-heavy Nasdaq also dropped sharply. Crude oil jumped 2.1 percent.

Analysts said the stock market jitters reflect uncertainty about disruption of long-established trade relationships and what the new import duties might mean for inflation. Although tariffs are meant to protect U.S. companies from global competition, the new duties could also disrupt global supply chains and increase costs for businesses and consumers alike. The tariffs will mean a loss of $1,200 in annual purchasing power for the typical U.S. household, according to an estimate from the Budget Lab at Yale University.

 

[Andrew_Jackson_FTW]

Any experts here offer any insights into this?

Get ready for the golden age of prosperity!!!!

 

[Andrew_Jackson_FTW]

401K's invest mostly in the stock market.

When the market tanks because of tariffs that is going to be a major hit on 401K's and reduced income for retirees that rely on 401K's to pay for food, energy, and housing. Each will be more expensive as prices rise, coupled with lower income.

Glad to help.

WW

Yay they’re usually tied to things like the S&P 500 or the NASDAQ. Which in the last 70 years or so has a historical average return of 10% profit per year.