Your two options are either to reduce the amount required for the goal and secure it now in a stable return investment or you can extend the time for achieving the goal.
Lisa Pallavi BarboraLisa Pallavi Barbora has worked in the domain of personal finance for 15 years and now operates her own venture. She also writes on personal finance.
Risk shows up infrequently, but it is high impact. This is why one must always be aware. In the current set of events, it’s the risk attached to bond investing which has had a greater impact than equity investing. Understanding both the risk of bond investing i.e., credit risk and the risk in equity investing i.e., risk of quality, are important.