Nothing is constant in this world except change. Even if you are free from financial chaos today, you may not know if it’s the same case tomorrow. Ensuring the financial and the family’s long term plan will allow you to manage crisis and unfortunate events in the future.
Preserve your future assets
Whenever possible, you should try to preserve the assets and resources you’ve set aside for retirement; although you’re allowed to make withdrawals from these funds whenever you need to, early (i.e. before age 59½ for IRAs and similar plans) and frequent withdrawals will often bring costly taxes and penalties.
Since you can’t recoup the time you’ve invested , you’ll need to ensure that you can quickly replenish the lost funds; otherwise you may find yourself with fewer available assets when the market rebounds.
Read more tips here: http://www.newyorklife.com/learn-and-plan/5-planning-principles-protect-family