While peak inflation appears to be in the rearview mirror, questions still linger for many investors. This uncertainty has some individuals considering reducing the amount of money they contribute to their retirement savings, particularly their 401(k).
According to Craig Reid, president and national practice leader of retirement and wealth at Marsh McLennan Agency, now is not the time to cut back on retirement savings. In his latest Forbes Councils column, he outlines the five reasons why.
“As a savvy retirement saver, remember it’s about time in the market rather than timing the market; contributing to your 401(k) in a down market is buying at a discount. Take advantage of the compound snowball and let inertia work for you by being a body in motion. Taking the long-term, marathon approach will better your outcome,” writes Craig.
