Your Money: How Retirement Savers Can Glide Through Market Turmoil

If you are managing your own allocations, with or without an adviser, the key to surviving market turmoil is to have a long-term plan and stick with it.

Traders work on the floor at the New York Stock Exchange (NYSE) in New York on Feb. 28, 2020. REUTERS/Brendan McDermid/File Photo

NEW YORK—If you are close to retirement in the United States, chances are you do not have to worry about cashing out of the market as it gyrates wildly on coronavirus fears.

Many retirement savers own target-date funds, which are professionally managed to glide over time from stocks to bonds and other fixed income, starting about 20 years out from the projected date you will stop working.