As markets experience significant declines, many individuals nearing retirement are concerned about the impact on their savings. Experts recommend staying calm and avoiding impulsive decisions. Historical data suggests that markets tend to recover over time, so maintaining a long-term perspective is crucial. To safeguard retirement funds, consider diversifying your portfolio, reducing exposure to high-risk assets, and ensuring you have an adequate cash reserve. Avoiding excessive trading and sticking to a well-thought-out financial plan can help mitigate losses during volatile periods.
— new from The New York Times