Recession-Proof Your 401k: Expert Tips for Pre-Retirees
Ben advises maintaining regular 401(k) contributions during downturns to benefit from lower prices. He suggests, "Diversify with stocks, bonds, and other assets," and shift towards conservative allocations. Maximize employer 401(k) matches, consider HSA contributions for tax efficiency, and review pension payout options. Despite past crises, markets have shown resilience, offering opportunities for disciplined investors.