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How To Protect Your 401(k) from a Stock Market Crash
Manage episode 475600935 series 1232333
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
- Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
- Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter
- Work with Benjamin: https://retirementstartstoday.com/start
Get the book - out now!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
Follow Retirement Starts Today inApple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart
381 episodes
Manage episode 475600935 series 1232333
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
- Get the Retire-Ready Toolkit: http://retirementstartstodayradio.com
- Subscribe to the newsletter: https://retirementstartstodayradio.com/newsletter
- Work with Benjamin: https://retirementstartstoday.com/start
Get the book - out now!Retirement Starts Today: Your Non-financial Guide to an Even Better Retirement
Follow Retirement Starts Today inApple Podcasts, Spotify, Overcast, Pocket Casts, Amazon Music, or iHeart
381 episodes
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