1.) Check your liquid reserves.
Setting one to two years of living expenses aside in true cash instruments allows you more confidence in letting your long-term portfolio do what it’s going to do.
2.) Look at your allocation plan.
Look at how your portfolio is allocated across cash and bonds and stocks. Being well diversified will be the main determinant of how your portfolio behaves.
3.) Consider your withdrawal strategy.
A turbulent market is a good time to consider your withdrawal strategy and what you are spending money on. There could be areas to pull back your spending during tough markets.
4.) Mind the small stuff.
Take a look at all of your investment related expenses, mind your transaction costs, and if you’re paying commissions to trade, don’t trade more than you need to.
Learn more at: http://bit.ly/4RetireeToDos (Source Morningstar.com)