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#Bidenflation

Retirees Take Haircut With #Bidinflation, 401k Accounts Down 23%

View Source | March 8, 2023 7:59 am

  • Retirement 401(k) account balances lost nearly one-quarter of their value in 2022, but there is still the potential for a comeback this year, one expert says.
  • Odds are that “a rebalance, like a regular haircut, is needed,” according to Winnie Sun, a member of CNBC’s Advisor Council.
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