The market's gyrations last week serve as a good reminder that it's never too early to get your investments in order. If the stock market's stumble caught you napping, now is the time to take a close look at your investments, especially if you are on the verge of retirement or already retired.
Younger investors have time on their side.
When they retire, the 2000-01 bear market most likely will be a distant memory. Over the next few decades, they should have plenty of opportunity to rebuild their savings. But older investors do not have the same luxury. To minimize further damage to their battered portfolios, those who do not already have an investment plan need to get one. When Nasdaq stocks were on their way up, he said, it was easy for investors to ignore advisers preaching the virtues of diversification.