A Little Hedging Can Go a Long Way to Protect Your Retirement Savings

"Don't worry, the market always comes back."

If you haven't heard this comment yet -- from a well-meaning friend or co-worker, or maybe a concerned financial professional -- you almost surely will. We're all hoping for the best but bracing for the worst as the market continues to react to political and economic uncertainty.

Your friends and colleagues aren't wrong. Historically, the stock market always has come back, and investing in stocks has been a good way to grow retirement savings over the long term.

Of course, historical data doesn't offer much comfort when the loss is personal, especially for investors who are in or approaching retirement and don't have a lot of time to recover from