I think a recession is coming and want to convert 90% of 401(k) into cash - is this a bad idea?

The article discusses skepticism regarding the S&P 500's capability to achieve another impressive return year, specifically in 2025, with predictions leaning towards a target of 6,600. It highlights concerns from individuals considering drastic financial moves, like converting their 401(k) to cash out of fear of an impending recession. Such decisions, driven by fear and speculation, are cautioned against, and the piece emphasizes the importance of consulting financial advisors instead of reacting impulsively to market uncertainties.

Selling based on a hunch or timing the market is often the bad way to go.

If you need the cash in a hurry to be ready for retirement, a financial advisor should be consulted before making any rash decisions.

Read at 24/7 Wall St.