Households lost trillions in wealth in the last three months of 2018, most recent data from the Federal Reserve show. .
Many people save for retirement with mutual funds and retirement savings accounts which are fraught with pitfalls. People need to make a variety of consequential decisions, often without having the necessary information and resources. They then end up with too much risk, as a rather large drop in household wealth at the end of 2018 highlighted.
The above excerpt was originally published in Forbes.
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