| You made it through 2012 – the good, the bad, the ugly. Exhale, reflect. What financial lessons did 2012 offer about retirement and saving? Plenty. The experts weigh in on what you should think long and hard about and use to your advantage in 2013.
Tune out the noise
One of the biggest mistakes of 2012 was to panic and listen too much to the media. “People thought the world was going to end, consequently why save? Why worry? Too many retirees depend on the market for their retirement income and they are the ones who get hurt the most. Having a plan is the biggest key,” says Annalee Leonard, president of Mainstay Financial Group. Avoid the temptation to react to market gyrations, insulate yourself from the talking heads. “Many headlines contribute to negative investor behaviors. Don\’t let your emotions get the best of you,” said Jeremy Welther, a principal and senior financial advisor with wealth management firm Brinton Eaton in a prepared statement.