Do this with your 401(k) as the market tanks

One key thing to consider as you're evaluating your 401 and other investments in turbulent times is how soon you will need the money.

If you have money tied up in stocks that's earmarked for your child's tuition next semester or for a down payment for a house, now is the time to sell, Hanson said. While the returns on those investments are lower, you also don't have the risk of losing 20% to 30% of your money, he said.When making decisions as to what actions fit you best, your age is a key factor to keep in mind.

Financial advisor Marguerita Cheng, CEO of Blue Ocean Global Wealth in Gaithersburg, Maryland, said she encourages investors to allocate their investments in buckets.

acorns Stay the course and don't let media click bait and psychological cues influence you. Market has not 'tanked' anyway, off 3.5% from euphoric all-time high.

acorns Sue Donny The Fuckstain Trump

acorns You should do nothing but stay the course. Period. And for goodness sake remove this awful quote about a 70yr old being 70% in bonds - that is HORRIFIC advice and assumes you barely live past 70. Not a single retirement planner worth a fee would recommend that

acorns Do nothing, keep buying

acorns Money market?

acorns Dreadful advice from Tim Jenkin. The investment horizon for a 70 yr old should remain 20-30 years for planning purposes. Moving a client to 70% fixed income is awful advice. cnbc maybe interview advisors who know what they’re talking about

acorns America’s most reliable Shopping Platform Shop Now⬇️

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The stock market just tanked. Here's what to do with your 401(k)The Dow Jones Industrial Average dropped by more than 700 points today. Financial advisers share advice to help you plot your next move.
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The stock market just tanked. Here's what to do with your 401(k)The Dow Jones Industrial Average dropped by more than 700 points today. Financial advisers share advice to help you plot your next move.
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