Workers Give Up Billions In Retirement Gains By Rolling Over Into Cash Holdings
Portfolio Pulse from Michael Juliano
Workers often miss out on billions in retirement gains by rolling over their 401(k) balances into cash holdings instead of new investments. A significant portion of these funds remains in cash for years, leading to substantial forfeited gains. The article highlights the impact on various financial companies and ETFs.
July 25, 2024 | 1:12 pm
News sentiment analysis
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POSITIVE IMPACT
Automatic Data Processing, Inc. (NASDAQ: ADP) saw a slight increase of 0.12% to $248.28 amid the news of workers missing out on retirement gains by holding cash.
ADP's slight increase suggests a positive market reaction to the news, possibly due to its role as a 401(k) plan administrator benefiting from increased awareness.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Fidelity Investments (NASDAQ: FFIDX) gained 1.54% to $91.05, reflecting a positive market response to the news about retirement savings.
Fidelity's significant gain indicates a strong positive reaction, likely due to its prominent role in managing retirement accounts and benefiting from increased investor awareness.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 50
POSITIVE IMPACT
T. Rowe Price, Inc. (NASDAQ: TROW) moved up 1.22% to $117.39, showing a positive market reaction to the news.
T. Rowe Price's increase suggests a favorable market response, likely due to its involvement in retirement plan management and potential benefits from increased investor awareness.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 50
POSITIVE IMPACT
WBI BullBear Quality 3000 ETF (NYSE: WBIL) picked up 0.48%, indicating a slight positive impact from the news.
WBIL's slight gain suggests a minor positive impact, possibly due to increased investor interest in quality ETFs amid the news.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
Madison Dividend Value ETF (NYSE: DIVL) declined 0.09%, showing a slight negative market reaction.
DIVL's slight decline suggests a minor negative impact, possibly due to concerns about dividend-focused investments in the context of the news.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
WBI BullBear Value 3000 ETF (NYSE: WBIF) slid 0.10%, indicating a slight negative impact from the news.
WBIF's slight decline suggests a minor negative impact, possibly due to concerns about value-focused investments in the context of the news.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30
NEGATIVE IMPACT
WBI BullBear Yield 3000 ETF (NYSE: WBIG) slipped 0.37%, reflecting a negative market reaction.
WBIG's decline suggests a negative market reaction, possibly due to concerns about yield-focused investments in the context of the news.
CONFIDENCE 70
IMPORTANCE 50
RELEVANCE 30