How to Prep Your Retirement Portfolio for a Second Wave
You've seen the news. COVID-19 is still taking its toll, to the extent that several states are closing up bars and restaurants, once again. You're right to worry about how a second wave might affect your retirement savings and what steps you should take to protect your assets.
Your next move mostly depends on when you're targeting retirement. The old rule of thumb is not to invest funds you need within the next five years. Between 2010 and 2019, you might have kicked yourself for following that rule and leaving investment earnings on the table. But today's uncertain economic outlook warrants a conservative approach.
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Source Fool.com
