HORAN Capital Advisors

Planning Your Retirement in a Turbulent Market

It’s clear that the last several days have likely done more, rather than less to amplify the anxiety and uncertainty among you and your employees with respect to their retirement savings. With the needs of your employees and their families in mind, please find below some information to share that may offer perspective in this unique time.

Here's What Happens When You Panic and Sell Your 401(k) Investments

More importantly, taking an unscheduled distribution from a retirement plan in the form of a loan or a hardship withdrawal may be unavoidable in some circumstances but is truly a last-resort option for you or your employees. At the time of writing, The general market has declined more than 35% off of its high point. Any immediate borrowing in today’s turbulent market is likely to adversely and irreparably affect one’s future retirement assets. If you would value some insights regarding loans or hardship withdrawals to share with your employee population please contact the HORAN team. 

Today as ever, we remain resolutely focused on the future and on the needs of our valued partners. Please do not hesitate to let us know how we can continue to be of service.