From Yahoo Finance: 2025-05-17 13:08:00

Taylor Nissi, a senior VP and wealth advisor at Farther, shared top tips for navigating market volatility amid tariffs. He advises having three buckets: emergency fund, growth strategy, and retirement plan. A financial plan is crucial during economic uncertainty to guide decision-making. Clients must prioritize building an emergency fund to prepare for market and life risks. Money for expenses within 24 months should be added to the fund, held in safe, easily accessible accounts. The second bucket is a taxable growth strategy, with investments to help money grow, even in accounts with taxes. Clients should adjust their portfolio based on risk tolerance and market conditions, but emotional decisions can impact long-term goals. Timing market reentry is crucial, as the best days may follow the worst. For retirement savings, younger individuals should own mostly stocks for growth potential, while those nearing retirement should consider stability over growth. Preparing for retirement includes being conscious of “sequence of returns” risk and having an emergency fund for expenses.



Read more at Yahoo Finance: I’m a wealth advisor. These are my top tips for navigating market uncertainty, including how to manage your retirement savings.