Worried a Stock Market Crash Will Upend Your Retirement? This Could Be Your Best Defense.
One simple move could spare you a world of stress.
Overview
If you've spent the better part of your life saving for retirement, you may be gearing up to embrace that next stage of life. And hopefully, you're doing so with a solid nest egg to fall back on and the right investment mix.
It's a common thing to reduce stock exposure in retirement. But you don't want to dump stocks in your portfolio completely. If you do, you may find that your savings can't keep up with inflation.
Details
At the same time, it's natural to worry about a stock market crash wrecking your retirement and putting your savings at risk. It's one thing to ride out a downturn in your 40s or 50s when you have another decade or two before you're tapping your IRA or 401(k). But once you're using your savings, the idea of a market decline can be terrifying.
Source
Originally published at www.fool.com.