Ask Terry Questions Imminent Bear Market

Imminent Bear Market

By Terry Savage on December 08, 2018 | Investments

I am retiring in a year and my husband and I have our retirement savings invests in an IRA, and 401K. How can I protect our money in a Bear Market? What can we do to protect our money?

Terry Says

When your money is inside a company 40l(k) plan you have very few options. But each plan should have either a money market or “stable value” fund or a short-term bond fund.  That’s where to “hide” from the bear.

In your IRA, you can move a significant portion of your money to a money market mutual fund.  You won’t earn much — but you won’t lose ANY!!   It’s not a long run growth strategy, but it will let you sleep at night!

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