How to protect your 401(k) during the Coronavirus-driven market crash

The video provides guidance on protecting 401K and retirement savings during market downturns. It emphasizes not panicking and maintaining regular contributions, as well as the importance of asset allocation and diversification. Viewers are advised to keep cash reserves for emergencies and consider short-term investments if nearing retirement. Strategies for those close to or in retirement include working longer or part-time to preserve assets.

How much cash do financial planners recommend keeping for emergencies?

What is a potential strategy for those nearing retirement to avoid depleting their assets?