401k Losses? You May Have a Claim for Financial Fraud

As an employee who is saving for retirement, you are told to expect variations in the value of your 401k over time. The market fluctuates. Unanticipated events impact the value of blue chip stocks. But, in the end, if you save enough for a long enough period of time, you should ultimately have the funds you need to live comfortably in retirement. But, what if you don’t? What if you review your monthly statement or log into your online account and see that the value of your portfolio has dropped significantly? What if you were on the path to retire at 66 or 67 (or retire early at 62), and now you are facing the prospect of working well into your golden years? The Realities of 401k Fraud Unfortunately, 401k fraud is a very real issue for many retirement investors. From stock market fraud that diminishes the value of a company’s shares to improper management of investor funds and charging of excessive fees, there are numerous issues that can lead to substantial losses,…

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