The stock market has taken us for an emotional ride during the past couple of months, and with the uncertainty in Ukraine rattling investors, it doesn’t look like the feeling will end anytime soon. Whether it’s geopolitics or concerns over Federal Reserve policy, I can understand why some retirement investors are left feeling uncertain, or even a little afraid. After all, our retirement nest eggs are tremendously important to each of us.
Nevertheless, succumbing to that fear and uncertainty is neither necessary nor helpful. Those emotions bring out our deeply held fight-or-flight instincts. But here’s the deal: You don’t need to fight and you don’t need to flee. One of the best things retirement investors can do when the market gets rough is stay the course and resist the urge to make emotionally charged investing decisions.
Before you log in to your account or talk with your human resources representative to make changes to your 401(k) account, ask yourself these questions: