One thing workers should do is keep up their contributions to retirement and health savings accounts. According to the report, new contributions are particularly important during a downturn because equities tend to be “on sale,” meaning they're less expensive than they would be if the market were rising.(Photo: Shutterstock)
People close to retirement are watching the current market gyrations with anxiety, lest they end up with insufficient funds in their retirement accounts to follow through on a previously planned retirement schedule.
But according to a Marketwatch report, they should be viewing the downturn as an opportunity rather than a disaster.
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Marlene Satter
Marlene Y. Satter has worked in and written about the financial industry for decades.
