I’m 31, making $70K and worried about a recession. Should I be doing anything differently with my 401(k) now?

From Yahoo Finance: 2025-04-19 07:14:00

The U.S. economy faces uncertainty due to Trump’s tariff plans, causing a stock market plunge. 61% of Americans fear a recession within 12 months. Despite concerns, a recession isn’t guaranteed this year. In 2020, the shortest recession on record lasted only two months. A recession can impact 401(k) accounts through stock market declines and job loss.

To safeguard your 401(k), diversify assets and adjust allocation for your age. Boost your emergency fund to avoid early withdrawals during tough times. Avoid rash decisions during a recession and stick to a long-term investing strategy. Remember, market recoveries are common after volatile periods. Advice is given without warranty.



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