U.S. News and World Report: 8 Rules for Managing Your 401(k) in a Recession

Author: Dylan Telerski / 30 Aug 2019

Worried about your retirement savings during a market downturn? You’re not alone!

Although history has shown time and again that the stock market increases over the long-term, it’s common to be concerned about your 401(k) when the market fluctuates wildly in the short-term.

Retirement experts, including Ubiquity Retirement + Savings founder and CEO Chad Parks, gave their insights in on ways to better manage your hard-earned 401(k) plan during a recession or period of market volatility:

• Pay attention to asset allocation.
•  Maintain the pace on contributions.
• Don’t jump the gun on withdrawals.
• Look at the big picture.
• Gauge cash needs wisely.
• Avoid taking a loan from your plan.
• Actively look for bargains.
• Keep risk capacity in sight