Dana Anspach adresses the inevitable: a recession. Her advice is don't guess, have a plan. A common goal for us at TSP talk is to maximize our returns to ensure financial freedom. But with the economy slowing and an aged bull market, a plan for the worst could do you a favor. Risk tolerance is a personal gauge. So sit down and gauge what you are willing to give up and still be okay while simultaneously reaching your goals. This is done with different allocations carrying a mix of the riskier yet rewarding funds (C,S,I) while having what necessary in the safer funds (G, F). The mix will be different depending on your risk tolerance and where you are in your career or retirement.

A Recession is Coming: How to Protect Your Retirement