Should you file your taxes now or wait? - NBCNewsBETTER
A: It’s scary to look at retirement account statements right now. Don’t let fear encourage you to make rash decisions. The average investor underperforms the market over time by making emotional decisions, such as moving to cash when they panic.
Staying the course, even in a bear market, is part of being a long-term investor, Frankel said. That’s why he advises people who are still employed to continue making contributions to their 401 accounts. “Hopefully, this will be a temporary glitch and the interest that you might accrue because you make that minimum payment won't be too debilitating,” said Matt Schulz, chief credit analyst at, an online loan marketplace in Charlotte, North Carolina. “So, if it gives you peace of mind, it's okay to consider just making that minimum payment right now.”
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