GOBankingRates works with many financial advertisers to showcase their products and services to our audiences.
These brands compensate us to advertise their products in ads across our site.
This compensation may impact how and where products appear on this site.
Commitment to Our Readers
GOBankingRates' editorial team is committed to bringing you unbiased reviews and information.
you’re able to read more about oureditorial guidelinesand our products and servicesreview methodology.
One possibility thats gained renewed attention: privatization.
Sowhat would that mean for your retirement?
For people who want greater control over their funds, privatization could offer that and more.
It may also increase transparency, control and ownership over retirement assets.
Con: Volatility
The biggest risk to privatization is volatility, Stroup said.
Privatization could erode the safety net for retirees who dont have substantial savings or investment experience.
Thats a dangerous bet for many Americans.
The past couple weeks of market volatility have demonstrated that that could equal significant losses.
This could increase both opportunity and uncertainty.
He warned this could lead to less stability and greater vulnerability in retirement.
This could also add financial stress around managing their investments and making informed decisions regarding their retirement savings.
More From GOBankingRates
Share This Article:
