{"id":281251,"date":"2026-04-23T01:40:27","date_gmt":"2026-04-23T01:40:27","guid":{"rendered":"https:\/\/www.newsbeep.com\/us-ca\/281251\/"},"modified":"2026-04-23T01:40:27","modified_gmt":"2026-04-23T01:40:27","slug":"market-swings-rattle-retirement-plans-advisor-says-dont-panic","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/us-ca\/281251\/","title":{"rendered":"Market swings rattle retirement plans, advisor says don\u2019t panic"},"content":{"rendered":"

As market volatility rises due to the conflict in Iran, Joseph Eschleman of Towerpoint Wealth advises against panic.<\/p>\n

SACRAMENTO, Calif. \u2014 Many people are rethinking their retirement plans as the war in Iran drives up oil prices, increases market volatility and raises costs.<\/p>\n

But Joseph Eschleman, CIMA, president of Towerpoint Wealth, said markets don’t move in straight lines and what people are seeing now is a reset, not a collapse.<\/p>\n

\u201cMarket pullbacks, typically, are temporary,\u201d Eschleman said.<\/p>\n

Eschleman said downturns can actually create opportunities for people who are still contributing to their retirement accounts.<\/p>\n

\u201cThis is the best time to be adding to a retirement account or a 401k plan,\u201d Eschleman said. \u201cMay not feel like it, but when we’re seeing a decline in the market, that means prices are cheaper.\u201d<\/p>\n

Eschleman said when markets dip, retirement accounts usually dip too. While those losses can be painful, he said they remain on paper unless someone withdraws money.<\/p>\n

For retirees already relying on 401(k) money, the situation can be more difficult.<\/p>\n

\u201cIf we’re already retired, and we’re not adding any more to the 401k account or to the retirement plan account, this can be a lot more painful for those who are using the money inside the 401k plans,\u201d Eschleman said.<\/p>\n

He said withdrawals during a downturn can lock in losses and increase fears about running out of money.<\/p>\n

\u201cIf I’m taking a withdrawal during a downturn, that could be locking in a loss during that downturn, and it does trigger that fear of ‘Am I going to run out of money?’\u201d Eschleman said.<\/p>\n

Eschleman said retirees do not need to panic, but they do need to plan.<\/p>\n

He recommended maintaining a cash buffer worth 12 to 24 months of withdrawals.<\/p>\n

\u201cWhat that does is it allows those individuals to continue to take their monthly withdrawals, but they’re not forced to sell stocks during a temporary downturn,” Eschleman said.<\/p>\n

Eschleman also said some people may want to revisit their asset allocation and consider a more conservative mix if market swings are becoming too stressful.<\/p>\n

\u201cIf you’re losing sleep and just at your wits end, it may pay to take a more conservative approach that has less exposure in your 401k account to the stock market,\u201d Eschleman said.<\/p>\n

For people who are still contributing to a 401(k), Eschleman said it is important to stay disciplined and avoid trying to time the market.<\/p>\n

He said people should consider increasing contributions, taking advantage of employer matches when possible and focusing on long-term goals over the next five to 10 years.<\/p>\n

Email your money questions to ABC10 anchor Lora Painter at LPainter@abc10.com.<\/p>\n

Market swings raise retirement concerns<\/a><\/p>\n

ABC10: Watch, Download, Read<\/p>\n


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