These moves money will help you thrive in a recession

If you still have income coming in, don’t forget to put aside money for your future retirement needs.

“I wouldn’t overdo it right now. I think the key thing is to be slow and steady,” Sun said. “Think about ways you can consistently save.”

One way to do that is to increase your 401(k) contributions. Even small increases can add up big over time.

In addition, you may want to consider investing your post-tax money in a Roth individual retirement account. That way, you can withdraw your contributions if an emergency crops up without having to pay taxes or penalties, Sun said.

But beware: If you withdraw the earnings on your investments, you will face penalties.

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