Brexit + Your 401(k)

After months of lead-up, we learned early Friday that Great Britain has voted to leave the European Union. In other words, Brexit is happening. While the long-term fallout from the decision is still unknown, one immediate result is clear: a global drop in markets, including a 30-year low for the pound.

 

Here in the U.S., that means a downturn in people’s 401(k) investments, which has predictably lead to panicked reactions across the web.

 

But Refinery29’s financial expert Priya Malani is here with some calming news: the best thing you can do is nothing.

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