How To Keep Your Money Safe During Economic Uncertainty

TL;DR

Financial advisors recommend shifting toward lower-risk assets and maintaining liquid cash reserves to weather market volatility.

Key Points

• 1.Review your timeline and equity exposure in retirement/brokerage accounts, reducing unnecessary stock risk based on when you'll actually need the money.
• 2.Invest some cash in short-term U.S. Treasury bills or ETFs — they offer a safe haven and are exempt from state and local taxes.
• 3.Keep any money needed within two years out of stocks entirely, and park it in a high-yield savings account for quick, penalty-free access.