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
Connect with Benjamin Brandt
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- Work with Benjamin: https://retirementstartstoday.com/start
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