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Despite the increase in retirement account balances in the first half of the year, it might be hard to see those gains drop again because of market volatility. But this is when you have to calm yourself.Last fall, when stocks began to recover, many investors had themselves convinced that we’d be dealing with runaway inflation for a while or that the economy was headed for a recession, according to Christine Benz, director of personal finance and retirement planning for Morningstar.
If you want more personal finance advice that's timeless, order your copy of Michelle Singletary's Money Milestones. Inflation isn’t where the Federal Reserve wants it to be, but it’s been coming down. Prices rose 3.2 percent in July, the first year-over-year increase after 12 months of declines but far“If you wait until everything is lining up in favor of stocks, you’ve often missed the best part of the rally,” Benz said.
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