So what can you do? Plenty!
First, a little perspective
When news outlets trumpet that stocks have dropped by ½ or 1 or 2 percent, that doesn’t necessarily mean your own account value has dropped the same amount. You would have to own the exact same securities, and in the same proportions, that make up the index that the news is quoting. Chances are, your portfolio contains at least some cash and bonds, which typically do not move like stocks.
Also, recognize that volatility is a natural part of the stock market, just as storms are a natural part of the weather, and shouldn’t be a big surprise.
Employer retirement account contributions
Contributing to your employer-sponsored plan offers tax advantages, and possibly a matching contribution from your employer.
Learning about saving, investing, retirement, long-term trends, financial services and your choices helps you become more confident about making important financial decisions.
Having a financial plan can offer confidence when markets start feeling shaky. Meet with your Corebridge financial professional to learn more.