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‘Every month I express my concerns to my adviser, but he says not to worry.’ My 401(k) has lost over 20% and I can’t afford to lose that kind of money. Is it time to find a new adviser?

Have a question about dealing with your financial planner or looking to hire a new one? Answer: In general, a 20% loss for someone retiring in a year suggests the account may be invested too aggressively, says certified financial planner Daniel P. Forbes of Forbes Financial Planning, Inc. That said, certified financial planner Grace Yung of Midtown Financial points out that this is a midterm election year and historically, midterm election years are volatile due to uncertainty. The first thing would be to have a serious conversation with your current adviser because it seems your investment portfolio may be too aggressive for your willingness to ride out the market’s ups and downs.
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