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Tags: economy | recession | 401k | inflation | retirement

How to Protect Your 401(k) During Recessions

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on June 14. (Spencer Platt/Getty Images)

By    |   Tuesday, 10 January 2023 07:19 AM EST

Experts predict the U.S. economy will suffer a shallow recession in 2023 amid the persistence of elevated inflation, painting a dire financial picture for Americans – particularly ones nearing retirement.

The good news, economists and wealth managers say, is that retirees and those saving toward the milestone with 401(k) plans can seek shelter in a variety of time-tested stocks and bonds.

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Experts predict the U.S. economy will suffer a shallow recession in 2023 amid the persistence of elevated inflation, painting a dire financial picture for Americans - particularly ones nearing retirement.
economy, recession, 401k, inflation, retirement
1138
2023-19-10
Tuesday, 10 January 2023 07:19 AM
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