How to Recession-Proof Your Retirement Savings
2. MAKE SURE YOU’RE REBALANCING
Through your life, you’ll want a mix of riskier assets for growth and safer assets for stability. “The closer you get to retirement, the less risky you usually want to be,”
But in addition to setting your asset allocation (your mix of risky and safe assets) and changing it as you get closer to retirement, you should also rebalance regularly. That’s because a long run of stock market returns can actually leave you taking more risk than you should.
4. DIVERSIFY, DIVERSIFY, DIVERSIFY
“Without proper diversification, the market risk to your portfolio is a lot higher,”