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Concerned about tariff impacts on your 401(k)? Philadelphia-based financial adviser has these tips

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  Rob Wilson said, tariffs or not, the markets will always fluctuate, and he recommends not making any sudden moves.

The article from MSN Money discusses the potential impacts of tariffs on 401(k) investments, offering advice from a Philadelphia-based financial adviser. It highlights how tariffs can affect various sectors of the economy, potentially leading to increased costs for businesses, which might reduce corporate profits and, consequently, stock prices. This could negatively impact the value of 401(k) portfolios, especially those heavily invested in sectors like manufacturing or technology that are directly affected by trade policies. The adviser suggests several strategies to mitigate these risks: diversifying investments across different sectors and asset classes, focusing on companies with strong fundamentals that can weather economic fluctuations, and considering international investments to hedge against domestic market volatility. Additionally, the article recommends staying informed about trade policy developments and possibly consulting with a financial advisor to adjust investment strategies proactively.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/money/savingandinvesting/concerned-about-tariff-impacts-on-your-401-k-philadelphia-based-financial-adviser-has-these-tips/ar-AA1AfN4F ]