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Such a shift in government policies with a global impact can createfinancialuncertainty.
For individuals, watching their 401(k) portfolios fluctuate drastically can be quite unsettling.
Here are four reasons why you shouldnt check your401(k) balances as the Trump tariffs take effect.
They can only be levied on products, not services.
This uncertainty can create volatility in the short term but will eventually resolve itself.
Checking the stock market consistently only contributes to the underlying anxiety.
They are purchasing additional investments consistently to build wealth over time.
This strategy does not change based on current market conditions.
You Have Limited Access to Funds
Saving for retirement is a long-term goal.
While it may be natural for someone nearing retirement to be concerned, also consider this reality.
Their fiduciary obligation is to their shareholders who made financial investments into the company.
Market uncertainty can be quite scary.
Taking a moment to critically assess how the current market conditions can impact your future is important.
It will help you to better understand that this too shall pass.
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