Here's why your next 401(k) statement may shock you

by | Jul 30, 2022 | 401k | 20 comments




Even if you’re anticipating a slide in your 401(k) balance, you may not be ready for a new calculation on your expected monthly income on your nest egg. CNBC’s Sharon Epperson joins ‘Squawk Box’ with the details. For access to live and exclusive video from CNBC subscribe to CNBC PRO:

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20 Comments

  1. R McElhaney

    401Ks are totally messed up now when the stock market rises and you lose $1000 in just 30 days, like what just happened to me.

  2. VK RGFAN

    People lost more than 20% once Joe took office.

  3. VK RGFAN

    Hopefully, Burisma Joe will be taken out of the office next election.

  4. Garry Munyack

    3 trillion dollars worth of retirement savings wiped out since January 2021. Absolute carnage that'll be felt for a decade. Only a few years of economic optimism since 2008. Unsustainable by any measure.

  5. Florida Gator

    Those who bought at the peak will break even in 10 years

  6. lrma Bogan

    Am continuing to add to my portfolio. As warren Buffett said "be brave when everyone else is fearful". The stock market always recover, so hold for long term and have the stomach for the ride..

  7. Noah C

    Exactly what Trump said would happen smh

  8. John Smith

    I lost 28 %. 🙁
    401k is a scam.

  9. Charles W R

    Isn't the 3% rule good enough?
    This 3% rule will guarantee my next 33 years of income.

  10. Gail Eickhoff

    I am new to the stock market. Every stock that I bought so far, I was out of luck because I bought them when they were expensive. I feel I missed on all the stock opportunities so far for the tech stocks.I believe having 75K yearly income would be a good investment so I want to plug all my savings into the stock market. I know this sounds a bit dull but I would like to know if I should learn investing or let somebody else (more capable like a FA) do it for me? Please share your thoughts. I am kind of tired of searching for a good stock to buy and loosing all the good opportunities 🙁

  11. Thomas Boughnou

    Funny stuff. If they really wanted to cause depression they would adjust those annuity payments to reflect today's dollars estimates at the trailing 2 to 5 year inflation numbers. The current number would cause unrest. Lol

  12. D B

    Screw it. Just going to spend it all now.

  13. R Montrose

    Can the media best honest for once?? Joe Biden is a train wreck and people are hurting!

  14. Small Fry

    We all deserve it, that’s what happens when you voted for Biden everybody. Sorry #Reality

  15. Frank Mannarino

    How to make a million in the stock market? Start with 2 million.

  16. sarah zhang

    Good to see you bankrupted, congrats to all who support Biden , well, you are deserved, you all foolish

  17. Deep Lying Playmaker

    We've gone from "S&P to over 5000" to "Best not look at your retirement accounts" pretty quick!

  18. brian91145

    lol what a bunch of total clowns

  19. Nick Robledo

    401ks are done !!!

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