Welcome to the Jill on Money Podcast. This is a special bonus market episode. I know it's

been a rough week. I get it and you know over the long term this is all

going to seem like a blip but in the moment it can be scary so I just wanted to

respond to a few emails that are really emblematic of the types of

messages that I've been getting all week long. Here's one from Diane who said, I just retired.

What should I do?

Get out of stocks and go to Munis?

Oh gosh, Diane, I hope you haven't done anything yet.

Obviously, if you have just retired you hopefully have a balanced portfolio

one that has some stocks but also some bonds, some cash, maybe even a little real

estate. If you are really uptight about this, you probably

want to go back to the drawing board, revisit that allocation, but please try not to be

reactive. And here's a note from Bernard, who is 80 years old,

he and his wife hold 40% in stocks and 60% in bonds.

And he says, considering the economic climate,

should we reduce our stock fund holdings?

Well, again, I don't think you should be reactive.

I think a 40, 60 portfolio should be fine.

If you are losing sleep at night

because of the ups and downs,

then you probably have too much risk.

But honestly, is this really the time to make that assessment?

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