Portfolio diversity

"Since no one has a crystal ball to predict what will happen, I advise saving money on both sides of the tax fence," an expert says.

It is important for entrepreneurs to have an exit strategy and to take control of their debt.

Financial planners should at least consider modeling early retirement to prepare clients for the possibility of uncertainty, says Morningstar.

If they fear a sharp downturn, seniors may want to avoid locking up their retirement accounts in long-term bonds.

These employees will need bigger savings than other age groups to fund a longer retirement horizon, according to a study.

As much as 46% believe Medicare will cover the costs of long-term care.

Heavily weighting any single stock has the potential to make a portfolio more volatile.

Clients can often retire smoothly even during a downturn if they diversify and rebalance their portfolios properly, as well as pay off debts and maximize their Social Security benefits.

Despite the recent market downturn, workers should remain invested in their employer-sponsored 401(k) plan.

Tax-free withdrawals could outweigh an employer's match if early withdrawals are made for expenses like healthcare.