Managing Retirement Funds

How were retirement balances impacted by the market volatility and crash earlier this year

August 25, 2020
Managing Retirement Funds

Photo Illustration by Justin Sullivan / Getty Images

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By Steven John

Keeping track of retirement balances and financial plans remains a top priority, even as the market rebounds during the pandemic.

How were those retirement balances impacted by the market volatility and crash earlier this year due to fears around the pandemic?

According to new data from digital-first registered investment adviser, Personal Capital, the average retirement balance for those in California decreased by 12%.

Michelle Brownstein, VP of Private Client Services at Personal Capital came on the program to discuss what investment priorities should be during this time and how to protect retirement income.

Listen to the interview in this segment of Eye on the Community.