HONOLULU (HawaiiNewsNow) - Cecily Capelouto left her full-time civil service job with a pension, a 401k, and a retirement strategy.
"My goal when my husband retires is to start drawing from that fund because he has a small retirement fund," she said.
But the volatile stock market can cause Capelouto and others on the brink of their golden years to stress out.
"Worrying about it right now doesn't serve any purpose other than to make be miserable," she said.
Financial adviser Joanna Amberger said it's a good time for people closing in on retirement to evaluate how their retirement plans are structured.
"A lot of 401k plans, people are given a piece of paper with 10 or 15 choices and told, 'Here, fill this out and give this back to your HR.' And they have no idea what to do with it. So I would really encourage people to get some professional advice on how to build that asset allocation," she said.
Assets include stocks, bonds, cash, commodities and real estate.
Amberger said it's up to you to choose.
"The question that will drive that is how much risk are you comfortable with? Because risk is inherent in any investment that you choose," she said.
Financial experts say those who diversify aren't as likely to take a big hit when Wall Street nosedives as it did on Monday.
"The risk is so thoroughly spread out in the portfolio that this is really a blip on the radar," Amberger said.
"I lose some money in the beginning, but eventually it comes back," Capelouto said. "It's just a matter of waiting it out."
Capelouto will work a few more years then retire. She hopes that her retirement investments will meet her needs.