Stock markets these days are seeing a lot of negative returns. Every day, it seems another stock in my portfolio has had a downturn. I’m not in a panic because I see stocks at a discount as a buying opportunity.
If you have a retirement plan sponsor who feels overwhelmed with what’s going on in the stock market, this isn’t the time for investment advice by you. It’s time to reach out to your plan’s financial advisor and determine whether fund lineup menu changes are warranted and whether communication should be made to participants during this volatility.