CNN Money Retirement

It can be hard to watch the value of retirement account sink when the market drops, but it's important not to panic.

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In certain situations the right type of annuity can play a legitimate role in a retirement portfolio.

The best way to protect your nest egg is by Investing your savings in a low-cost mix of stocks and bonds that's conservative enough to afford reasonable protection from market turmoil but aggressive enough to generate the long-term returns you'll need to achieve your financial goals.