Your Money: Now Is Not the Time to Stop Saving for Retirement

Ceasing contributions might not give you as much extra cash as you are expecting anyway, because it increases your tax bill.

What we can do is look back at what happened during the recession in 2008-2009 and track how people fared based on their behavior. wavebreakmedia/Shutterstock

NEW YORK—When you see soda on sale at the supermarket, do you run screaming into the parking lot in a panic? Or do you buy six?

This is the analogy Peter Palion, a certified financial planner in New York, uses to calm worried clients about volatility in the stock market and keep them on their slow and steady retirement savings path.