5 Tips for Retirees Worried about Today's Market Volatility

Market volatility has been all over the headlines. What started with uncertainty around the U.S. presidential elections has escalated as coronavirus spreads. Markets have retreated, and we have officially entered a bear market. It's important for retirees, or soon-to-be retirees, to have a plan and stick with it, especially during a time like this. Your retirement plan is even more important when the markets are being driven by unpredictable and likely short-term events.

Whether you are a few years out or in the early days of retirement, here are five tips for navigating turbulent waters that won't require you watching stock prices all day long.

1. Understand how much guaranteed income you have

It's rare that all of your retirement savings are linked to the markets. In fact, most retirees have a combination of Social Security, annuity and sometimes pension income that