How To Protect Your 401(k) from a Stock Market Crash

Is your 401(k) prepared for a market crash? With market volatility on the rise, many investors are wondering how to protect their portfolios. 

In this episode, I share an article from Go Banking Rates on how to safeguard your retirement savings during turbulent times. I’ll highlight key takeaways from the article, share my own insights on where I agree or disagree, and explain why certain strategies may be more effective than others.

After that, I answer a listener’s question about long-term care (LTC) insurance. We’ll explore different types of LTC policies, discuss the ideal time to purchase coverage (such as around age 50), and consider whether self-funding might be a smarter financial strategy.

Key takeaways:

• Diversify, Diversify, Diversify
• Shift Toward Conservative Investments as You Near Retirement
• Rebalance Regularly—Not Just After a Crash
• Consider a 401(k) Rollover for More Flexibility
• Stay the Course—Don't Panic Sell

Resources:

Go Banking Rates article: How To Protect Your 401(k) from a Stock Market Crash

 

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