From Yahoo Finance: 2025-04-03 13:49:00

U.S. stocks plummeted Thursday after President Trump’s tariffs rip through global markets. Financial footing feels shakier than ever.

Social Security Administration warned of missing payments to seniors due to staffing cuts planned by the Trump administration.

Gas prices rise, economists warn of a recession, uncertainty looms for millions of workers.

Financial advisors stress importance of staying invested, making strategic adjustments, and having a cash cushion account.

Retirees advised to anticipate tariff-related price increases and have disciplined wealth management strategies in place.

Close to retirement? Shift to less risky portfolios, diversify into fixed income holdings.

Rebalancing portfolios and reviewing asset allocation are key to navigating uncertain times.

Stay flexible, look ahead, and keep a steady pace in managing finances during market volatility.



Read more at Yahoo Finance: How to protect your money during economic turmoil, stock market volatility