Actions

Retirement savings check-up: How market volatility affects you

Posted at 10:35 PM, May 03, 2018
and last updated 2018-05-03 22:36:31-04

RICHMOND, Va. -- Corporate earnings reports are coming out for the first quarter of the year, and profits so far look fairly robust.

In addition, a big tax cut passed Congress last year.

So why is the market so volatile? With your retirement portfolio in the balance, what do you need to know or do?

Sandy Wiggins, from the Actuarial Consulting Group in Midlothian, stopped by the studio Thursday to provide some guidance.

Sandy explains how rising interest rates and the “flattening of the yield curve” is adding uncertainty to an otherwise strong economy with low unemployment.

CBS6-News-at-4pm-and-Jennifer-Hudson-480x360.jpg

Entertainment

Watch 'The Jennifer Hudson Show' weekdays at 3 p.m. on CBS 6!

📱 Download CBS 6 News App
The app features breaking news alerts, live video, weather radar, traffic incidents, closings and delays and more.