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2022 Was a Tough Year for Retirement Savings - Yahoo! Finance

If you watched your retirement nest egg erode last year, you’re among the many who suffered. Indeed, the Standard & Poor 500 Index, which many retirement investments are tied to, lost about 20% in 2022, enough to cause even the most optimistic among us cringe. The good news is that 2023 seems to see a recovery happening, which the S&P index up 14% so far – a positive sign indeed. Nevertheless, staying the course and not panicking seems to be the right strategy at this time, as explained in this Yahoo! Finance article by Brian J. O’Conner.

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