The 10 steps that should help protect your retirement include:
- Avoid panic selling.
- When calm, review your asset allocation.
- Play tax arbitrage.
- Maintain — or increase — your 401k contributions.
- Fund a Roth IRA.
- Get smart about Social Security.
- Plan to work longer.
- Prepare for a “tax increase” in the form of higher Medicare premiums.
- Make your adult kids pay rent.
For the full article see: After the downgrade: Protect your retirement