3 Ways to Recession-Proof Your Retirement Savings
The coronavirus pandemic has taken a toll on the U.S. economy, with the Dow experiencing its worst first quarter in history by dropping more than 23%. You've likely watched your own retirement savings plummet as well, which can be worrisome whether you're nearing retirement age or still have decades left of your career.
The stock market can be unpredictable, and there's no way to predict exactly when a recession will strike or how long it will last. There are, however, a few ways to prepare for it. While there's never a guarantee you won't face financial challenges in retirement due to a recession, there are a few things you can do to protect your savings as much as possible.
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Source Fool.com