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The market correction that occurred during the fourth quarter of 2018 weighed on retirement plan participants who have a self-directed brokerage account, according to Charles Schwab’s SDBA Indicators Report.

“The fourth quarter of 2018 brought a sharp downturn for many markets on the concerns about slowing global growth,the effects of Fed interest rate increases, trade disputes, and a partial government shutdown,” the report states. “… As a result, the average account balance for all participants in [Schwab’s self-directed brokerage account] was down.”

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