Suze Orman: 4 Tips To Protect Your Finances in Retirement
Retirement is often viewed with anticipation for many Americans. The daily grind at the office is replaced with thoughts of travel or enjoying hobbies you rarely had time for in your working days.
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Unfortunately, financial realities can make those wishes difficult to enjoy, especially in a time where the economy is fraught with uncertainty. In a recent article on her website, personal finance expert Suze Orman shared things retirees must do to protect their finances.
Here are four things Orman advised to safeguard your money in retirement.
Don’t Make Rash Decisions with Your Investment Portfolio
The stock market has been full of upheaval in 2025. A key driver to the chaos was President Trump’s Liberation Day for tariffs. The S&P 500, for example, was down nearly 19% from recent highs, representing a loss of over $9 trillion in market value, according to CNN.
Selling stock holdings during a pullback is understandable, but emotional decisions can betray long-term goals. “I hope you resisted any urge to sell stock holdings during the worst of the market declines earlier this year. Once you lock in lower values, you can’t easily make them up,” said Orman.
Locking in losses can be particularly troubling for retirees with limited means to recoup losses, especially for people on fixed incomes.
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Reanalyze Your Portfolio
It’s easy for an investment portfolio to get unaligned during market upheaval. It’s best for retirees to review their portfolio at least annually, or when a position has a wild swing, according to Fidelity. Movement this year provides a good opportunity to do this.
“It’s also an opportunity to recalibrate your investment strategy,” noted Orman of the stock market in 2025. Retirees may want to decide if they need to make changes or change their overall approach to their portfolio.
“If you were anxious during the market sell-off in the first half of the year, now is a good time to think through whether it is indeed time to reduce your overall allocation to stocks,” added Orman. It’s often best to do this with a trusted financial advisor to ensure decisions are in your best interest.
Have Enough Cash on Hand
A common headwind many retirees face is not having a paycheck come in monthly. This makes having ample cash on hand necessary to face challenges like healthcare costs or other emergencies. Orman broke this down to two categories for retirees: living expenses and emergency funds.
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