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“Many Vertiv Holdings employees approaching retirement have lived through multiple market cycles, and those experiences can provide valuable perspective when evaluating future financial decisions and retirement goals,” — Michael Corgiat, a representative of The Retirement Group, a division of Wealth Enhancement.

“Vertiv Holdings employees who have experienced events like Black Monday, the dot-com bubble, and the global financial crisis often bring valuable perspective to retirement conversations, using those experiences to think more thoughtfully about long-term financial decisions and life after their careers,” — Brent Wolf, a representative of The Retirement Group, a division of Wealth Enhancement.

In this article, we will discuss:

How major market events such as Black Monday, the dot-com bubble, and the global financial crisis shaped the financial experiences of professionals now approaching retirement.
Why decades of living through economic cycles can influence how Vertiv Holdings professionals think about financial decisions and long-term planning.
How reflecting on past market experiences may help frame retirement planning conversations and future financial choices.

By Kevin Won, CFP® | Wealth Enhancement

“In the business world, unfortunately, the rear-view mirror is always clearer than the windshield.” — Warren Buffett ¹

Many professionals preparing for retirement have spent decades building careers, raising families, and accumulating wealth. For many long-tenured professionals working at Vertiv Holdings, those decades also include witnessing major economic shifts that influenced their financial decisions.

People over 50 have gone through multiple periods of economic instability and market volatility. Among these events is 'Black Monday' (October 19, 1987), when the Dow Jones Industrial Average declined 22.6% in a single trading day, the largest one-day percentage drop in the index’s history. ²

Many professionals also lived through the dot-com bubble of the late 1990s and early 2000s, when technology stock valuations surged and later declined dramatically. Between March 2000 and October 2002, the Nasdaq Composite Index fell nearly 78% from its peak, ³ illustrating the volatility that can occur during periods of rapid technological change.

Another defining event was the global financial crisis, which followed the collapse of the U.S. housing market and created financial instability worldwide. During this period, the S&P 500 declined approximately 57% from October 2007 to March 2009, ⁴ one of the most significant market declines since the Great Depression.

Investors more recently experienced pandemic-era market volatility beginning in 2020, when the spread of COVID-19 triggered sharp swings across financial markets. In March 2020, the S&P 500 entered a bear market after falling more than 30% from its February peak during the early stages of the pandemic. ⁵

For many Vertiv Holdings professionals, experiencing several major market cycles over the course of a long career can contribute to a broader understanding of how markets evolve and how economic conditions change over time. Living through multiple disruptions often leads individuals to develop a longer-term perspective when making financial decisions.

As retirement approaches, many Vertiv Holdings professionals begin reviewing the financial choices they made throughout their careers. Looking back at how previous economic events influenced investment decisions, career moves, and savings strategies can become part of broader conversations about lifestyle goals and retirement timing.

For those nearing retirement from Vertiv Holdings, understanding how previous economic cycles unfolded may provide context when evaluating future financial decisions. Reflecting on past experiences can be one way individuals frame their thinking about the years ahead.

If you have questions about retirement preparation or would like to discuss your retirement planning approach, The Retirement Group may be able to help. Professionals working at Vertiv Holdings companies can learn more by attending one of our upcoming webinars or seminars or by contacting a representative at (800) 900-5867 .

At Wealth Enhancement , retirement planning discussions often include reviewing prior financial experiences while considering the tools and strategies currently available.

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Sources:

1. Warren Buffett, Berkshire Hathaway: Letter to Shareholders (1991) . Feb. 28, 1992.

2. Bernhardt, Donald, and Marshall Eckblad. “Stock Market Crash of 1987.” Federal Reserve History , Federal Reserve Bank of St. Louis, Oct. 1987, https://www.federalreservehistory.org/essays/stock-market-crash-of-1987 .

3. Hayes, Adam. “Dot-Com Bubble.” Investopedia , Dotdash Meredith, 10 Aug. 2025, https://www.investopedia.com/terms/d/dotcom-bubble.asp .

4. Duignan, Brian. “Great Recession.” Britannica Money , Encyclopaedia Britannica, https://www.britannica.com/money/great-recession .

5. Mikolajczak, Chuck, and Noel Randewich. “U.S. Stocks in 2020: A Year for the History Books.” Reuters , 31 Dec. 2020, https://www.reuters.com/business/graphic-us-stocks-2020-year-history-books-charts-2020-12-31/ .

What type of retirement savings plan does Vertiv Holdings offer to its employees?

Vertiv Holdings offers a 401(k) retirement savings plan to help employees save for their future.

Does Vertiv Holdings match employee contributions to the 401(k) plan?

Yes, Vertiv Holdings provides a matching contribution to the 401(k) plan, which helps employees maximize their retirement savings.

What is the eligibility criteria for participating in the 401(k) plan at Vertiv Holdings?

Employees of Vertiv Holdings are generally eligible to participate in the 401(k) plan after completing a specific period of service, typically within the first year of employment.

How can employees at Vertiv Holdings enroll in the 401(k) plan?

Employees can enroll in the 401(k) plan at Vertiv Holdings through the company’s benefits portal or by contacting the HR department for assistance.

What investment options are available in the Vertiv Holdings 401(k) plan?

The Vertiv Holdings 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Can employees at Vertiv Holdings take loans against their 401(k) savings?

Yes, Vertiv Holdings allows employees to take loans against their 401(k) savings, subject to the plan’s terms and conditions.

What happens to my 401(k) savings if I leave Vertiv Holdings?

If you leave Vertiv Holdings, you can choose to roll over your 401(k) savings into another retirement account, leave it in the Vertiv Holdings plan, or cash it out, subject to taxes and penalties.

Is there a vesting schedule for the matching contributions at Vertiv Holdings?

Yes, Vertiv Holdings has a vesting schedule for matching contributions, which means that employees must work for a certain period before they fully own the employer contributions.

How often can employees change their contribution amounts to the Vertiv Holdings 401(k) plan?

Employees at Vertiv Holdings can typically change their contribution amounts on a quarterly basis or as specified in the plan documents.

Are there any fees associated with the Vertiv Holdings 401(k) plan?

Yes, there may be administrative fees and investment-related fees associated with the Vertiv Holdings 401(k) plan, which are disclosed in the plan documents.