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if the economy tanks like more and more economists are saying, then, just like in 2008, I’m going to lose. I don’t have any confidence in this economy.

If you are truly concerned, most 401k plans have guaranteed income or fixed income funds that can be chosen to protect you from cash losses. With interest rates so low, most are not very attractive except for defensive positions.

I doubt that any adviser could do much better than that--unless you expect one to keep your funds in equities and then switch at just the right moment to defensive investments. That could be a tall order.

I think most doomsday sayers overstate the case. But to each his own.
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