What to do with your retirement savings in a market selloff

To prove it, stocks plummeted on Monday following worse-than-expected July jobs report, and a rise in the unemployment rate, spinning fears that the US economy is edging toward a recession—whether that’s the case or not.operated by Charles Schwab, Fidelity and Vanguard experienced service interruptions around the same time, according to users who had trouble logging on and“I remind clients that chaos is normal,” she said.

You’re constantly investing in your retirement accounts when the market is soaring and when it’s fallen, and that means the return on your investments evens out over the long run, especially when you have decades of runway ahead. Her advice: Pre-retirees and retirees should hold five to 10 years’ worth of anticipated portfolio withdrawals in a combination of cash and high-quality bonds.

“If this decline has you feeling your investments are too aggressive, it's a good time to revisit your portfolio allocation, Haiss said. “However, you may want to hold off on making any changes until the market recovers.”

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