And, if you’re going to make a big purchase in the next couple years, like financing your child’s college education or putting a down payment on a house, consider moving your funds to more conservative investments. “If you’re going to need the money and [do] not have time to recover from a market downturn,” says Brown, “it will keep that money more readily available.”
Catch more of Farnoosh’s advice on Real Simple. Real Life. on TLC, Friday nights at 8 p.m.
