Trump’s tariffs: What it means for 401(k) retirement plans
While financial experts acknowledge the panic many Americans are feeling about their 401(k)s since the stock market plummeted, most agree they are a solid long-term investment because most have a '60/40 account’ – 60% stocks and 40% stable investments, like bonds.
By Lynn Cavanaugh |
April 07, 2025 at 09:01 AM
X
Thank you for sharing!
Your article was successfully shared with the contacts you provided.
US President Donald Trump speaks during a tariff announcement at the White House in on Wednesday, April 2, 2025. Trump plans to roll out tariffs on global trading partners, the centerpiece of his effort to bring back manufacturing to the US and reshape a world trade system he has long decried as unfair. Photographer: Kent Nishimura/Bloomberg
Even before President Trump announced his new tariff policy, designed to implement reciprocal tariffs on global trading partners, last Wednesday, volatility on Wall Street made for high trading activity in retirement plans in the first quarter of 2025, according to the Alight Solutions 401(k) Index. In addition, March was the most active month for retirement plan trading since 2020, but now roughly $2.4 trillion was erased from the S&P 500 Index on Thursday’s selloff on Wall Street, according to Reuters.
As Americans are watching their retirement savings plummet, how specifically is it affecting 401(k)s and what, if anything, should employers and employees do differently with their retirement plans? Treasury Secretary Scott Bessent talked about the current economic landscape on NBC’s Meet the Press on Sunday.
Inaccurate provider data can lead to frustrated clients and stress on your business relationships. These are the top do’s and don’ts to ensure the data you rely on as a benefits advisor is as accurate and helpful as possible.
Employers are revamping their benefits strategies--but are they offering what employees truly want? Discover the seven key elements shaping workplace benefits in 2025 to help your clients enhance satisfaction, retention, and enrollment.
In 2025, you are uniquely positioned to make a real difference for your clients--both financially and in the wellness of their employees. Full of tips ranging from goal setting to relationship building, this is your guide to being a better partner this year, and beyond.