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here. Straight talk from the money editor Correction. That's the word on the lips of investors now, in the wake of the failure to repeal and replace the Affordable Care Act. The Dow just had an 8-day slide, the longest since 2011, as the Street weighs the likelihood of tax reform and the president's promise of major infrastructure expenditures. So what does that mean for your portfolio, especially for those approaching or already in retirement? Basically, if you have a plan, stick with it. Corrections are a normal part of the market. "The market has been a series of panic attacks followed by relief rallies," Ed Yardeni, president of Yardeni Research, told CNBC. You need to find a strategy that won't cause you sleepless nights in the event of a major decline and consider rebalancing when your portfolio has drifted too far off its target allocations. For more cool stuff, follow me on Twitter @jimpavia. | | If you're a worried about a market correction, do this Market declines of 10 percent or more are a regular part of investing in stocks. Here what you should know before you make a move. | BlackRock and Vanguard call for delay to fiduciary rule President Trump's review of the controversial law has prompted calls for a postponement, The Financial Times reports. | Feds may enlist advisors in money laundering battle Proposed regulation would help investment advisors sniff out suspicious financial activity, although its fate is uncertain. | Retirees: Missing this April 1 tax deadline will cost you First-timers to required minimum distributions have until April Fool's Day to take their withdrawal, or face a 50 percent tax penalty. | Stock gains equal big tax bills If you sold some long-held stocks last year, you may be on the hook for a larger-than-expected bill from Uncle Sam. | Snowbirding on the high seas Retirees may find living aboard a cruise ship makes financial sense when compared to other retirement living options, especially in expensive cities. | 6 secrets to a better credit score Your credit score is comprised of five major factors, although some are weighted more heavily than others, such as payment history. Here's the breakdown. | Are you spoiling your kids? Here's how to tell Three signs you're overindulging your kids and how to break the habit. | Puff, puff, pass. Don't get burned by marijuana investments More stocks and funds benefit from the rise in legal marijuana just as federal officials reconsider how to regulate these businesses. | Investors underperforming their own investments "If a financial advisor could just ... help ... capture more of the returns that ... investments offer, then he or she has done something extremely worthy ..." | | Sharon Epperson | | | Josh Brown | | Feedback We value your input—use our simple form to let us know what you think. Click here for Real-Time data and top stories on your desktop or mobile device. |
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