Be rational.

It may be difficult to avoid the constant stream of economic news, but don’t let market swings and political backand-forth cloud your judgment.

Stay away from quick fixes or impulsive decisions like purchasing excessively risky assets, selling your home or withdrawing all of your money from liquid investments.

Work to stabilize your personal financial situation and consult with friends or family who are also preparing for retirement. Having a support network may help ground your emotions.

Prepare for the unexpected.

If you don’t already have a will, put it at the top of your to-do list. If you have one in place, make sure it still reflects your current wishes. In addition, check to see that all your beneficiary information is up-to-date on specific accounts, such as IRAs.

Also make sure to discuss your plans with your spouse or significant other and your children – and ensure they know where to find your financial documents if you die or are unable to make financial decisions for yourself.

These can be difficult conversations for everyone involved, but they can also reduce the amount of stress you and your family may face later on.

It’s a good idea to stay in close contact with your financial advisor during these crucial years. If you haven’t sought professional advice in the past, it’s not too late to start. A financial advisor can help you manage your immediate expenses with a budget and provide guidance on your long-term goals.

Mark P. Tolan is a Private Wealth Advisor with Ameriprise Financial, Inc., 373 E. Foothill Blvd., Ste. 100 San Dimas, CA 91773; 909-394-0409