How to protect 401k from recession

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As we move through the later part of the economic cycle, with many people anticipating a recession soon, we can expect stock markets to be more volatile. Fidelity has reported that the average 401(k) balance in the retirement plans it works with fell 10% during the fourth quarter of 2018. Your 401(k) account may have suffered a similar loss.

How do I protect my 401k in a recession? – Professional …

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Rules for managing your 401(k) in a recession: Pay attention to asset allocation. Maintain the pace on contributions. Don’t jump the gun on withdrawals. Look at the big picture. Gauge cash needs wisely. Avoid taking a loan from your plan. Actively …

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