How to Protect Your Retirement Savings in This Volatile Market
Robert Powell, CFP®
A Retirement Daily subscriber wrote to us: "What is the best thing to do with a 401(k) if the market keeps crashing or we go into another recession when I only have a few more years to go before retiring? I need to minimize losses at this point."
This question is asked frequently, especially during stock market volatility the likes of which we've been seeing. And this concern is a common one. If fact, many investors, and especially those on retirement's doorstep, are anxious about the market right now.