💨 Abstract

In an uncertain economy, reviewing lessons from the Great Recession can aid retirement planning. Key strategies include protecting 401(k)s, diversifying investments, saving consistently, investing with a long-term mindset, choosing the right level of risk, and purchasing a house within means. Continue contributing to your 401(k) during a recession, use dollar-cost averaging, and diversify your investments across asset classes to mitigate risk.

Courtesy: wtop.com

Summarized by Einstein Beta 🤖