Financial planner: Don't panic over tariffs, stock market turmoil

A FINANCIAL PLANNER TELLS ME WE SHOULD ALL PREPARE FOR HIGHER PRICES AND A TURBULENT STOCK MARKET. BUT HE SAYS ONE THING NOT TO DO IS PANIC. YOU CAN START SAVING MORE MONEY. TIGHTEN THE BELT. BE READY FOR HIGHER PRICES. AND THEREFORE, YOU KNOW SOME LUXURIES YOU MIGHT NOT, OR BUILDING PROJECTS OR WHATEVER YOU MAY BE DOING. YOU MIGHT PUT ON HOLD TILL YOU SEE WHERE YOUR BUDGET HOLDS. EXPERTS SAY PRESIDENT TRUMP’S TARIFFS ON MEXICO AND CANADA WILL LEAD TO HIGHER PRICES FOR NEW CARS AND OTHER MANUFACTURED GOODS, AS WELL AS GROCERIES. THAT’S A CONCERN FOR CONSUMERS, ESPECIALLY PEOPLE ON FIXED INCOMES. AS FAR AS I’M CONCERNED, THE TARIFF IS IS ANOTHER FORM OF TAX. YOU HAVE TO GIVE SERIOUS THOUGHT TO WHAT YOU’RE BUYING AND SHOPPING FOR, AND YES, IT WILL MAKE A DIFFERENCE. FEAR OF TARIFFS HAS ALREADY LED TO STEEP LOSSES IN THE STOCK MARKET, RESULTING IN WORRIES ABOUT RETIREMENT SAVINGS. BUT FINANCIAL PLANNER RICK SZABO SAYS INVESTORS SHOULD TAKE A DEEP BREATH. TALK TO YOUR PLANNER. YOU KNOW, GO OVER THE PLAN YOU SET AND IF IT WAS, HEY, I’M NOT RETIRING FOR 12 MORE YEARS AND THE MARKET LONG TERM HAS TURNED TO PROFIT, THEN DON’T PANIC. IF YOU HAVE TO GO BACK TO WORK. AT MY AGE, YOU HAVE TO GO BACK TO WORK. YOU DON’T HAVE A CHOICE. MORE TARIFFS ARE EXPECTED LATER THIS MONTH AND INTO APRIL. NOW PRESIDENT TRUMP SAYS ALL THESE TARIFFS WILL STRENGTHEN HOME GROWN MANUFACTURING. BUT SZABO SAYS EVEN IF THAT’S TRUE, WE WON’T BE SEEING THE BENEFITS FOR YEARS TO