Imminent Bear Market
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!