How to react to the talk of a possible recession

in finance/Local Roundup

LEHI, Utah (ABC4 News) How will the current economic concern and the talk of a recession impact your investments? Your retirement? And what about your 401K?

ABC4’s Don Hudson asked Boss Retirement Solutions CEO Tyson Thacker those questions. “Everybody wants to know – how much am I down? But the reality is if you panic and try to sell everything right now then you could be making a bigger mistake.” That’s what Thacker said Thursday when I asked about the stock market volatility that has a lot of investors nervous. “First off. Don’t Panic.” His advice. Get some advice – from a professional. “There are a lot of folks who have their 401Ks and IRAs – they set it up 10 years ago and they’ve had this bull market for the last ten years and all of a sudden they are taking more risk than they thought they were taking.”

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