Assess retirement savings strategies during stock market decline

Recent stock market declines have raised concerns about retirement savings, especially for those nearing retirement. Experts advise against panic and suggest focusing on key investment questions before making changes to retirement accounts. Investors should assess their risk tolerance and consider their actual investment time horizon. Many may underestimate how long their money needs to last, as retirement can span decades beyond their working years. Diversifying investment portfolios is also recommended during market downturns. Experts suggest rebalancing assets and ensuring adequate emergency savings to avoid relying on retirement funds in times of financial stress.