5 Things to Do Immediately if Your Retirement Account Drops Like a Stone
Maybe it's the old photos of people standing in soup lines during the Great Depression, or perhaps we're still dealing with what it was like to see bare grocery-store shelves early in the COVID-19 pandemic. Whatever the reason, a lot of Americans are nervous about their finances -- specifically, what will happen to their retirement accounts.The truth is this: The markets will surge, and they will fall. It's part of the economic cycle. Here, let's focus on what you should do when the market appears to be in free fall and the balance of your retirement account drops like a stone.Image source: Getty Images.Continue reading
Maybe it's the old photos of people standing in soup lines during the Great Depression, or perhaps we're still dealing with what it was like to see bare grocery-store shelves early in the COVID-19 pandemic. Whatever the reason, a lot of Americans are nervous about their finances -- specifically, what will happen to their retirement accounts.
The truth is this: The markets will surge, and they will fall. It's part of the economic cycle. Here, let's focus on what you should do when the market appears to be in free fall and the balance of your retirement account drops like a stone.
Image source: Getty Images.
