In the Media: Brian Seay Discusses "Protecting Your 401k During a Recession" with Newsmax
Brian discussed a wide range of topics in his recent interview with Lee Barney of Newsmax. Here are a few excerpts. If you would like to read the full article, check out the link and subscribe to Newsmax for more financial coverage.
“If there’s a recession in 2023, the stock market will rally before it ends, as history shows the market is a leading indicator. Now is the time to start investing back into stocks and bonds. You cannot wait until the market turns.”
“Seay notes that now is also the opportune time to consider value versus growth stocks, as growth stocks do not perform well in a rising interest rate environment. Value and emerging market stocks, however, offer “attractive valuations relative to historic prices. They can stay at low valuations for long periods of time until a catalyst, such as, potentially, a normalization of the U.S. dollar to a weaker position, boosts their value.”
“Seay also believes older 401(k) investors should take advantage of provisions in the new Secure Act 2.0 law that increase the amount they can put into qualified accounts. The act also delays when required minimum distributions must be taken. The more you can save for retirement – and the longer you do it – the better, he says.”