Post Reports How to manage your money amid turbulent tariffs
41 snips
Apr 8, 2025 
Michelle Singletary, personal finance columnist for The Washington Post, shares her expert insights on navigating financial challenges amid recent tariff announcements. She discusses investor anxieties and the stock market's reactions, advising listeners on whether to hold off on major purchases. Singletary emphasizes the importance of job security, budgeting, and building emergency funds as safeguards against potential recessions. She encourages a cautious approach to spending while balancing immediate enjoyment with long-term financial health.
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Emotional Response to Market Volatility
- Allow yourself to feel your emotions about market fluctuations.
- Don't act on fear, but acknowledge the validity of your feelings.
Managing Retirement Accounts During Market Volatility
- Only withdraw the minimum from retirement if needed.
- Rely on other income sources and savings to weather market downturns.
Daughter's Investment Question
- Michelle Singletary's daughter asked if she should still invest during market volatility.
- Michelle encouraged her to continue investing.