The stock market experienced a notable decline, with the S&P 500 falling 4.8% after President Trump’s tariff announcement, raising concerns for retirement investors. Financial experts advise against panic selling and stress the importance of maintaining a long-term investment strategy, especially for younger investors who should continue contributing to their retirement accounts. They recommend dollar-cost averaging to handle market volatility, noting that market corrections typically recover in about four months while bear markets may take around two years. Near-retirement individuals should adopt conservative investments, reassess budgets, and avoid impulsive decisions. Retirees are advised to keep 6-12 months of expenses in cash to prevent selling at a loss. Overall, experts encourage measured responses to short-term market fluctuations.
