In recent weeks, headlines about tariffs between the U.S., China, Canada, and Mexico—and the market volatility they have triggered—have dominated the news cycle. The specifics change daily, sometimes hourly, which has created a fluid and rapidly evolving economic and market environment. It is no surprise that given these and other threats to U.S. and global economic health, stock and bond markets are experiencing big moves. Many investors are worrying that the tariffs and resulting trade disputes could cause U.S. growth to slow, and inflation to rise. While last year’s market moves were dominated by speculation about the pace of Fed interest rate cuts, we are seeing signs of deeper concern about the macroeconomic outlook. Keep in mind that markets do not like uncertainty, but the US economy is still growing steadily, and the overall job market has not materially worsened. However, further volatility is now something we expect.

Your personalized retirement plan was built to anticipate economic changes and market volatility. Our approach includes:

• Comprehensive scenario planning: Your plan accounts for various scenarios including inflation, market stress, and changing economic conditions.
• Strategic diversification: Your portfolio is designed with a strategic balance of domestic and international investments, because different assets respond differently to economic environments. Your portfolio also includes diverse bond investments and the stocks of a broad variety of companies across industries and sizes.
• Active monitoring: Our investment management team continuously monitors markets and ensures portfolios remain aligned with their guidelines, and we may do additional rebalancing during periods of higher volatility to maintain target allocations.
• Long‑term focus: We stress‑test plans against various economic scenarios, meaning your plan doesn't require adjustment with every headline
  or announcement.

If you take only one piece of advice, let it be this one: Continue contributing to your 401(k) up to IRS limitations. Contribute as much as you possibly can. Your 401(k) provides a valuable tax-deferred vehicle for long-term wealth accumulation and many employers offer attractive additional benefits, such as matching programs or profit sharing. Saving for retirement is one of the best financial decisions you can possibly make for your long-term success, and if the market makes you feel uncomfortable, we encourage you to consider your risk tolerance, long-term goals and other retirement income sources. As a Professional Management member you have access to a financial advisor who can partner against whatever challenges the world presents.