(NewsNation) — With the markets all down nearly 6% last week, some have begun to panic, including those nearing retirement.

According to Empower Retirement, average retirement account losses were around $30,000 for those above 50.

Michael Giordano, private wealth adviser at Williams Wealth Management, joined “NewsNation Now” to discuss the flow-on effect of President Donald Trump’s implementation of global reciprocal tariffs.

You ‘have to deal with volatility at times’ in stock market: Expert

“This is part of what happens with markets,” Giordano explained. “People put their money into the markets and the stock market because they want to grow their wealth. The trade-off to that is that you’re going to have to deal with volatility at times. So this is just part of the investing experience.”

Stocks fell again Monday, the third successive business day since Trump implemented the retaliatory tariffs. Despite some concerns, Trump is less certain about a lasting negative impact.

Giordano said it is easy to ride the emotional roller coaster of what the stock markets are doing, but the most practical move is to align your actions to your ambitions.

“What you need to think about is, ‘Do I have a few years’ worth of money and more stable assets that aren’t going to be impacted by what’s happening in the stock market, so that I can weather through this storm and my stocks when I actually need the money that is in the stocks?'” he said.

Investment portfolio should be balanced, financial expert says

Giordano also noted it is important to have a balance of assets in your portfolio, from stocks to “more stable” bonds.

“The key thing here is to understand how much volatility can you handle in your portfolio, get that speed down and figure out how much money you need to fund all the goals that you have… then the rest can be put in the stock market,” he added.