Generation Z, the babies born between 1997 and 2012, aren’t too young to start thinking about retirement, the latest Fidelity data show.
Meanwhile, other retirement savers stayed the course, even when the market fluctuated, the research found. IRA balances ticked slightly upward while the average account balance for 401 and 403 plans declined moderately from the quarter before. Still, these investments are meant for the long-term, which means investors with decades to go before retirement should avoid panic-selling when the market moves.
What’s more, fewer people made changes to the investments within their 401 plans — something financial planners typically advise against in volatile markets when investors may be overcome with stress or emotion as balances dip.
It's because they know Fidelity is about to offer low fee BTC and ETH ETFs.