Is Your 401(k) Recession-Proof? | Phil Town



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Even though it may not be the best way to grow your money, many Americans have 401(k)s. If a recession hits, what should someone do with that money? Let’s talk about how you can recession-proof your 401(k) so you don’t have to worry about losing those savings in the event of a recession. http://bit.ly/2MY3O4A

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Is your current age group in the range of 40s and 50s and are you making any contribution to some retirement package of your employer? Indulging in a premature cashing of your retirement contributions is surely the dumbest idea which any responsible person who is absolutely serious about saving for his retirement years would ever dream of entertaining irrespective of others people views or suggestions.

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Most people think that as an employee participating in their company’s 401k plan, that there are no costs to them for their account. Some of the costs are paid by the employer, but some are also paid by the employee, they just don’t ‘see the costs’ deducted from their account!

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