In This Issue
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Saving for Your Dream Retirement: See What Your Coworkers Have to Say! |
Saving for your dream retirement is not necessarily an area of financial strength for many of us. Too often, meeting today's financial demands means delaying or diminishing the savings we want for tomorrow. Remember, as we age, saving for retirement becomes even more important. The amount of time we have to save, known as our "time horizon," is constantly shrinking.
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It would be great if we could buy stocks or other types of investments when the market is low and sell when the market is high. Unfortunately, efforts to "time the market" often backfire, and many of us could end up buying and selling at the wrong time.
When stocks go down, people may get fearful and sell. Then, when the market goes back up, they might miss out on potential gains.
Dollar-cost averaging can help take the emotion out of investing. It compels you to continue investing the same (or roughly the same) dollar amount regardless of market fluctuations. When you dollar-cost average, you buy more shares of an investment when the share price is low and fewer shares when the share price is high. This can result in paying a lower average price per share over time. Click here to learn more.
Past performance is no guarantee of future results.
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Many participants may be influenced by the recent performance of the broad stock market. Although day-to-day market swings over the long term are relatively insignificant, it can bring about an emotional response rather than a rational one. Discipline and perspective can help. When investing for retirement, it is important to remain committed to a long-term investment program through periods of market uncertainty. Click here to learn more.
Learning about where you are invested in your account can help replace uncertainty with understanding and perspective. We encourage you to review your asset mix and the investment options you have selected making up that mix. Read the prospectuses and look at the
characteristics of each fund. In addition, please take advantage of our investing material found on
DCRetire.com.
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