My retirement fund that I just started was worth $15k in December of 2021. Then, May of 2022, our area was hit really hard. My retirement plan went down to $7k. Today, it’s worth $11k. I lost $4k on my retirement plan. It’s invested in total market funds, some tech, some big cap companies, and healthcare. But every sector has been ravaged by the stock market changes.
Because you aren’t invested right. You probably clicked that option to allow them to invest it for you and so it picks all the funds with high expense ratios. Mine jumps 20-30% every year.
Yeah, I was going to say. Not pension, but I put money into two different blended portfolios (I didn’t choose the contents, just the two choices from a list). I started it in Feb 2021 and the overall gain has been over 35%. I have no idea what the pension fund put their money into there, but it seems like some bad choices.
OP should check the options they have.