• Alene Bouranova

    Writer/Editor Twitter Profile

    Photo of Allie Bouranova, a light skinned woman with blonde and brown curly hair. She smiles and wears glasses and a dark blue blazer with a light square pattern on it.

    Alene Bouranova is a Pacific Northwest native and a BU alum (COM’16). After earning a BS in journalism, she spent four years at Boston magazine writing, copyediting, and managing production for all publications. These days, she covers campus happenings, current events, and more for BU Today. Fun fact: she’s still using her Terrier card from 2013. When she’s not writing about campus, she’s trying to lose her Terrier card so BU will give her a new one. She lives in Cambridge with her plants. Profile

    Alene Bouranova can be reached at abour@bu.edu

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There is 1 comment on As Markets Turn Volatile, What Should You Do with Your 401(k)?

  1. I have been retired for more than a decade. I’m not worried about my next meal. Here is my anodyne financial advice that has worked well for me. Beware, I know next to nothing about finance or investing.

    If you are young and retirement is far away, start saving now. The younger the better, using tax advantaged plans like 401(k) if possible. Bet on America using low cost index funds. Don’t worry about market fluctuations. The value of your retirement account doesn’t matter until you need to spend it. Resist the urge to time the market. Most people who think they can predict the market end up selling low and buying high.

    If you are approaching retirement or are retired, create a cash (money market, not bonds) cushion. Take money off the investment table when the market is performing above average. Use your cash for retirement expenses when the market is underperforming. The S&P has typically returned 5% after inflation. Down markets typically don’t last longer than five years, but some recoveries have taken over a decade. Try not to retire into the teeth of a bear market.

    Bonds provide a steady interest income source, but bond valuation can vary at least as much as stocks. Decades ago, bond prices reliably went up when stocks went down. For some reason I cannot explain, for the last twenty years stock and bond prices have often, but not always, moved more or less in unison.

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