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Kiplinger
Kiplinger
Business
Andrew Rosen, CFP®, CEP

Before the Next Time Markets Sink, Do Your Lifeboat Drills

A piggy bank in a sinking boat.

Let’s talk about something no one likes to think about: market crashes. They happen. Maybe one will happen in 2025, or maybe it’ll be 2030, but history tells us that market downturns come around every few years. We don’t know when, by how much or for how long — but they’re inevitable. So, what do we do about it?

That’s where the “lifeboat drill” comes in — a simple yet powerful exercise to help you prepare for the ups and downs of investing.

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