- Exhale: Step back and take a breath. Don’t make decisions based on emotions.
- Keep saving, both in your 401(k) Plan and in an emergency fund.
- Pay off your debts, using the snowball technique.
- Realize the upside of a down market: funds are at a discount making it a great time to invest.
- Rebalance your portfolio (we take care of that for you).
- Revisit your idea of risk tolerance; if too aggressive, either transfer to a more conservative portfolio or for now, deposit future contributions into a more conservative portfolio.
- Be discerning; the media sensationalizes only the bad news.
- Avoid get-rich-quick schemes: be disciplined and stick to your plan.