What are the economic impacts on 401K plans?

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CHARLOTTE (QUEEN CITY NEWS) — The stock market continues to be a roller coaster ride, with investors quickly reacting to the latest tariff announcements.

Now, workers with 401(k) plans may be wondering how much the disturbance could affect their retirement savings.

While economic analysts say it’s no time to panic, it might be a good time to take a closer look at your investing portfolio.

“We’ve been through difficult periods, uncertain periods in the past, including the great financial crisis, the downturn associated with COVID, and investors lived to invest another day and I think that we will get through this period and think about the market in other terms once we get past whatever it is that we are experiencing right now,” Bankrate Senior Economic Analyst Mark Hamrick said.

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