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As Wall Street Spasmed with Fear, 401(k) Savers Held Steady
St. Louis Post-Dispatch
Feb. 1, 2019
"While professional traders on Wall Street scrambled to sell stocks amid a fear-fueled, nearly 20 percent drop for the S&P 500 late last year, most people at home remained relatively calm when it came to their own retirement savings.... Investors held the steadfast approach even as the average 401(k) balance dropped to $95,600 by the end of the year, down 10 percent from three months earlier."
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