Rich Girl Roundup: When Your Retirement Accounts Haven't Grown

The Money with Katie Show

Money with Katie

Self-improvement, Education, Business, Investing, How To

4.8 • 1.3K Ratings

🗓️ 5 June 2023

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

One listener writes in that her retirement accounts haven't really grown over the past few years—so what's a Rich Girl to do? Katie and Henah chat through the last several years of returns and the economy, what to watch out for, and actions to consider for better results. Welcome back to #RichGirlRoundup, Money with Katie's weekly segment where Katie and MWK's Executive Producer Henah answer your burning money questions. Each month, we'll put out a call for questions on her Instagram (@moneywithkatie). New episodes every week. — Mentioned in the Episode: Portfolio Visualizer: https://www.portfoliovisualizer.com/ — Read Money with Katie: https://moneywithkatie.com/ Follow Money with Katie! Instagram - https://www.instagram.com/moneywithkatie Twitter - https://twitter.com/moneywithkatie TikTok - https://www.tiktok.com/@moneywithkatie Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Rich Girl Rounded Up!
0:03.5	Welcome back my rich family to the Rich Girl Rounded Up weekly discussion of the Money
0:11.1	with Katie Show.
0:12.1	I'm your host, Katie Addie Tossin, and as always, every Monday morning, Hannah and I
0:16.4	are going to dig into an unpack and interesting money discussion.
0:21.9	Before we do, here's a quick message from our sponsors.
0:26.7	All right, before we get into it, this week's upcoming main episode on Wednesday, it's
0:35.4	about something that made me feel very chronically online.
0:39.0	The antagonistic discourse between hustle, culture, and quiet quitting.
0:44.7	And honestly, why I think they both kind of suck, but for opposite reasons.
0:49.6	All right, Hannah, on to the Round Up.
0:52.0	Okay, so today's question is from Allison B.
0:56.2	He said, I've been maxing out my Roth IRA for at least five years, and then I've invested
1:01.0	it in a couple different target date mutual funds.
1:04.6	But my account balance is hardly budged.
1:06.5	In fact, it's gone down a bit.
1:08.2	So what gives?
1:09.5	Have I just chosen the wrong funds?
1:11.3	Is it just the nature of the market right now?
1:13.5	So I'm in the same boat where, I guess a couple weeks ago, I talked about how I've started
1:18.6	to max out some retirement accounts.
1:20.6	And I had some high gains for a little, but it feels like they're coming back down.
	...

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