Here’s How Greece Could Affect Your Retirement Savings

Reaction As Greece Imposes Capital Control

Your 401(k) or IRA will probably be fine

Greek leaders are scrambling to nail down a new bailout dealbefore July 20, when the country would otherwise default on a €3.5 billion bond repayment to European creditors and might be forced to abandon the Euro currency altogether.

As recent stock performance in the U.S. suggests, fears of what a so-called “Grexit” could do to Europe’s economy has spread to American shores. Indeed, U.S. markets may very well be choppy for at least the next several weeks until there’s more certainty about the future.

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