Retired? These 3 Steps Ensure a Market Crash Won't Derail Your Plans
Once you've left the workforce, chances are good you'll rely on your investment accounts as an important source of retirement income. And when you need the money in your 401(k) or IRA to cover your basic living expenses, a stock market crash can feel like a major financial disaster rather than just a natural part of market cycles.
The good news is that when the market inevitably crashes it doesn't have to take your retirement dreams down with it. If you follow these three steps, you'll ensure that a downturn doesn't derail your future financial security.
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Source Fool.com
