It’s normal for investors, especially those close to retirement age, to worry about fluctuations in the market and how it will affect their 401(k) plans.
And while there’s no way to avoid market volatility, there are a number of steps you can take before, during and immediately after a crash that will help you sustained minimal damage.
Additionally, having a diverse investment portfolio can ensure that any losses can be recouped over time.
In this article, we will go over how to create useful strategies that anticipate worst-case market scenarios, discuss the importance of risk management when it comes to investments, cover what to do during a crash, and list alternative investments that can serve as a buffer to any losses in your 401(k) plan.
