How to Protect Your 401(k) From a Market Crash or Recession

You can’t control what happens in the stock market, but you can control what YOU do when there’s a downturn. To safeguard your savings, follow these investing golden rules.

A lighthouse sits in the distance against the backdrop of storm clouds while turbulent waves crash around it.
(Image credit: Getty Images)

You’ve saved all your life to build up your 401(k) plan, and now in this period of stock market turbulence, you’re worried about substantial losses. What can you do? Here are some suggestions for how to protect your 401(k) from a market crash or recession.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Mike Piershale, ChFC
President, Piershale Financial Group
Mike Piershale, ChFC, is president of Piershale Financial Group in Barrington, Illinois. He works directly with clients on retirement and estate planning, portfolio management and insurance needs.