May 20, 2020
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The stock market suffered a massive blow this year, and millions of Americans’ retirement portfolios have been affected.
The typical wisdom during an economic downturn is to ride out the rough patch until the market improves, but for anyone planning to retire soon that may not be an option.
If you’re nearing retirement and have seen a drop in the balance of your 401(k), don’t panic – there are still things you can do to ensure you’ll be financially secure during your golden years.
Here are some tips to help protect your savings during an economic crisis.
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Shane is a reporter for Moneywise. He holds a bachelor’s degree in English Language & Literature from Western University and is a graduate of the Algonquin College Scriptwriting program.
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