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WSVN -- We have seen the market making big drops and that leaves many worrying about their investments.

BB Jiminez: "As far as a 401K right now, I don't have one that's set up."

BB Jimenez gave up on 401k's years ago. She is buying rental properties as a way of planning for her future.

BB Jiminez: "We've invested certain monies in income properites and that's pretty much going to be my retirement fund."

Experts like Scott Holsopple of smart 401k say just because the market has been volatil, it doesn't mean you have to abandon your investment strategy. You just have to be smart about it.

Scott Holsopple: "There are going to be ups and there are going to be downs, but I think if you have that plan you'll be more likely to stick to it."

Having a plan is taking a close look at what you need for retirement and how long you have to get it.

Scott Holsopple: "I think so it's crucial to have a plan that's based on your goals and your tituation rather than just guessing and putting some money into a random investment."

There are so many choices, stocks, IRAS, 401-k's and more. If you are able to invest now have an expert guide you.

Scott Holsopple: "Have a plan. Know if you're a conservative or agressive investor know what you're working towards so you know what you need to save to fund that retirement lifestyle that you want and start working towards it."

As a rule, younger investors in their 20's and 30's can take more risks and worry less about the big market fluctuations. If you're closer to retirement, you need to change your strategy.

Scott Holsopple: "Hopefully, when you're approaching retirement you're becoming more conservative so when the market does go down, your account isn't hit as much."

If you can, try to save enough to replace about 70 to 80 percent of your pre-retirement income and review your investments at least twice a year so there are no surprises. BB says along with her rental properties, she tries to save what she can but that means making good spending choices every day.

BB Jimenez: "I think that if you're conscious on your spending and your conscious on your goals every month you meet those long term goals."

Experts say as along as you are working you should be setting some money aside. Even when times are tough like now.


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