Tom: So what should we be doing?
Mellody: The biggest piece of advice I have for you is to continue to make contributions to your retirement accounts! If you keep investing, particularly in times like we are experiencing now, your money is buying more that it was just a few months ago, and that is a good thing.
Remember that slow and steady wins the race when it comes to your retirement. Just keep putting money into your account! The other thing you can do is check in with your financial advisor or the people who oversee your 401(k) program and ask them about your investments, making sure they are allocated for your age, and for the current climate. They should help you calibrate the risk and diversity of your investments.
Tom: Always to have your insight, Mellody! Thanks for joining us!
Mellody: You are very welcome, Tom!