Recession and 401K
December 28th, 2007 at 02:47 pmI read in the Kiplinger magazine that there is a 25% chance of recession for 2008. I just increased my 401K to 12% from 6%. Does that mean trouble? What kind of funds should one be looking at during the time of recession? Also I plan to be very careful in my spendings and increase my EF.
What do you guys plan to do in the probability that there will be a recession?