When the markets plunge, so do your 401(k) funds.

In these times of financial uncertainty and market volatility for stocks, calls to retirement plan providers go up by over 50%. For a lot of people this is also an opportunity to reach out in order find reassurance that they will still have enough savings after all is said and done.

Stock traders are losing their minds after the Dow Jones Industrial Average plummeted more than 750 points on Monday, amid concerns of a trade war with China. The S&P 500 and Nasdaq Composite each entered into its sixth consecutive day of losses as well.

Financial advisors have one message for you: Don’t panic.
In the midst of a global stock market crash, many people are panicking and making irrational financial decisions out of fear that they might lose their money in this recessionary economy. But don’t worry! Financial advisors say not to let your emotions get the best of you because most investors should do what’s good for them regardless if there is an up or down turn in stocks prices on Wall Street.

Revisiting your plan

If you don’t know whether your investments match your goals, now is the perfect time to check in with a 401(k) provider. With so many investment options available today and an ever-changing market, it can be difficult for even experienced investors to keep up. That’s why most retirement plans have tools that will help you determine if what you’re investing in matches the future goal of where things are going!

Investors should be more proactive about buying stocks when they are on sale.

A big market drop may not seem like a positive thing, but it can actually provide investors with the opportunity to buy stock at lower prices than before. Instead of seeing this as negative, people need to see that there is an upside for them in such circumstances: It’s time for bargain shopping!

Identifying near-term goals

One key thing to remember as you’re evaluating your 401(k) and other investments during turbulent times is how soon do you need the money. When it comes time for retirement, keep in mind that most people spend less than they earn when living their everyday lives; this means building up savings will be essential if someone wants a comfortable lifestyle before working again!

If you have a nest egg of money for your kid’s college tuition or the down payment on a house, now is as good time to cash in.

For a short-term investment, it is wise to consider moving that money to one of the stable value or fixed income funds. Stable values are typically lower risk than stocks which can lose 20% – 30%.

Long-term plans

When making decisions as to what actions fit you best, your age is a key factor. If you’re 70 years old, keeping an eye on the stock market can be too much of a risk for your bank account. Instead look into investing in fixed income investments which are less volatile and often have higher interest rates than traditional accounts such as savings or checking.

For those who are nearing retirement, Cheng suggests a more conservative approach to investing. For short-term savings goals, invest in safe investment options such as stable value funds or short term bonds. This is because distribution of money from IRAs for required minimum distributions start once you turn 70½ years old and may require sudden selling at times when market values have fallen below the cost basis of your shares – which could result in significant losses on some investments that would be incurred by investors with limited time horizons like retirees.

Volatile markets provide an opportunity

It’s a time-tested strategy: buy stocks when they’re low and get them at the best price possible. When markets are down or volatile, it means there is an opportunity to invest in companies that will likely do better than others over time. If you want to put your money into retirement funds for example, then dollar cost averaging with a schedule would be one way of taking advantage of market conditions like these!