This week's market exercise most likely wasn't the shot of confidence you had been hoping for in the event you're retired or planning to retire quickly.

And your first intuition might be to guard your retirement revenue.

But consultants warning that the worst approach to try this is to take dramatic actions along with your investments.

"Clearly, you do not wish to promote in a low market," mentioned Steve Parrish, co-director of the New York Life Heart for Retirement Earnings on the American School of Monetary Companies.

You additionally wish to keep away from making massive, daring selections earlier than you absolutely suppose them via.

"I wish to warning individuals, do not make rash selections when there are dangerous issues occurring available in the market," mentioned Carolyn McClanahan, director of monetary planning at Life Planning Companions in Jacksonville, Florida.

As an alternative, look to different methods outdoors your funding portfolio that may assist lengthen how lengthy your belongings final in your golden years.

"Should you're near retirement,...