Retirees 'stunned' as market turmoil over tariffs shrinks their 401(k)s
(4/15/2025)
Americans nearing retirement and recent retirees said they were anxious and frustrated following a second day of market turmoil that hit their 401(k)s after President Donald Trump’s escalation of tariffs.
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As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home.
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Some said they are pausing big-ticket purchases and reconsidering home renovations, while others said they fear their quality of life will be adversely affected by all the turmoil.
“I’m just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover,” said Paula, 68, a former occupational health professional in New Jersey who retired three years ago.
Paula, who spoke on the condition of anonymity because she feared retaliation for speaking out against Trump administration policies, said she was worried about what lies ahead.
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“What we’ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,” Paula said Friday. “I have no confidence here.”
Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States’ largest trading partners, in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon, the broad-based S&P 500 closed down 6%, the tech-heavy Nasdaq dropped 5.8%, and the Dow Jones Industrial Average fell more than 2,200 points, or about 5.5%.
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As the impending tariffs shook the global economy Friday, people who were planning on their retirement accounts to carry them through their golden years said the economic chaos was hitting too close to home.
[url=https://kr15at.com]kra15[/url]
Some said they are pausing big-ticket purchases and reconsidering home renovations, while others said they fear their quality of life will be adversely affected by all the turmoil.
“I’m just kind of stunned, and with so much money in the market, we just sort of have to hope we have enough time to recover,” said Paula, 68, a former occupational health professional in New Jersey who retired three years ago.
Paula, who spoke on the condition of anonymity because she feared retaliation for speaking out against Trump administration policies, said she was worried about what lies ahead.
https://kra10.net
“What we’ve been doing is trying to enjoy the time that we have, but you want to be able to make it last,” Paula said Friday. “I have no confidence here.”
Trump fulfilled his campaign promise this week to unleash sweeping tariffs, including on the United States’ largest trading partners, in a move that has sparked fears of a global trade war. The decision sent the stock market spinning. On Friday afternoon, the broad-based S&P 500 closed down 6%, the tech-heavy Nasdaq dropped 5.8%, and the Dow Jones Industrial Average fell more than 2,200 points, or about 5.5%.
simpleswap
(4/15/2025)
Siham Haleem, a private tour guide for 15 years, says that Doha now has many world-class, modern museums — the National Museum of Qatar being a firm personal favorite. And yet he says that visiting Sheikh Faisal’s museum should still be on everybody’s to-do list.
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“For those eager to learn about Qatar’s — and the region’s — heritage and beyond, the museum is an ideal destination,” he says. “Personally, I’m captivated by the car collection, the fossils, and especially the Syrian house, painstakingly transported and reassembled piece by piece.”
Stephanie Y. Martinez, a Mexican-American student mobility manager at Texas A&M University in Qatar likes the museum so much she includes it on all of her itineraries for students visiting from the main campus in Texas.
“The guided tours are very detailed, and the collections found at the museum have great variety and so many stories to unfold,” she says. “Truly, the museum has something to pique everyone’s interest. My favorites are the cars and the furniture exhibits showcasing wood and mother-of-pearl details. Definitely one of my favorite museums in Qatar, every time I visit I learn something new.”
Raynor Abreu, from India, also had praise for the unusual and immense collection.
“Each item has its own story, making the visit even more interesting,” he says. “It’s also impressive to know that Sheikh Faisal started collecting these unique pieces when he was very young. Knowing this makes the museum even more special, as it reflects his lifelong passion for history and culture.”
It takes time and dedication to truly examine the many collections within the museum — especially since most of them are simply on display without explanation.
Eclectic it may be, but it’s hard to fault the determination of Sheikh Faisal, who has brought together items that tell the story of Qatar and the Middle East.
Sarah Bayley, from the UK, says she visited the museum recently with her family, including 16 and 19-year-old teenagers, and was won over by its sheer eccentricity.
“Amazing. Loved it. It is a crazy place.”
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“For those eager to learn about Qatar’s — and the region’s — heritage and beyond, the museum is an ideal destination,” he says. “Personally, I’m captivated by the car collection, the fossils, and especially the Syrian house, painstakingly transported and reassembled piece by piece.”
Stephanie Y. Martinez, a Mexican-American student mobility manager at Texas A&M University in Qatar likes the museum so much she includes it on all of her itineraries for students visiting from the main campus in Texas.
“The guided tours are very detailed, and the collections found at the museum have great variety and so many stories to unfold,” she says. “Truly, the museum has something to pique everyone’s interest. My favorites are the cars and the furniture exhibits showcasing wood and mother-of-pearl details. Definitely one of my favorite museums in Qatar, every time I visit I learn something new.”
Raynor Abreu, from India, also had praise for the unusual and immense collection.
“Each item has its own story, making the visit even more interesting,” he says. “It’s also impressive to know that Sheikh Faisal started collecting these unique pieces when he was very young. Knowing this makes the museum even more special, as it reflects his lifelong passion for history and culture.”
It takes time and dedication to truly examine the many collections within the museum — especially since most of them are simply on display without explanation.
Eclectic it may be, but it’s hard to fault the determination of Sheikh Faisal, who has brought together items that tell the story of Qatar and the Middle East.
Sarah Bayley, from the UK, says she visited the museum recently with her family, including 16 and 19-year-old teenagers, and was won over by its sheer eccentricity.
“Amazing. Loved it. It is a crazy place.”
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