Did you look at your retirement account on Monday? If so, you know you’re probably taking a steep loss, as the financial markets dropped for a third straight day.

As the market opened and traders got to work on Wall Street, the Dow Jones quickly saw a steep dive of 638 points.

For a third straight day, a trade war, brought on by tariffs from the president, has investors nervous and selling.

So how are people feeling?

Jill Stone is a retiree living within the many adult communities in Monroe Township.

“I’m very frightened about what’s going on right now," she says. “Ya know, I have this money to live on for however long so I’m concerned.”

The market suffered again on Monday on word that China was hitting back with 34% tariffs on all U.S. imports. Those changes are expected to see costs rise on cars, clothing and more.

Then there are other impacts raised by Federal Reserve Chair Jerome Powell.

"We face a highly uncertain outlook with elevated risks of both higher unemployment and higher inflation," he said.

Willam Ricks also lives in Monroe. He is retired but his wife is not, and she’s in a panic as she’s seen her retirement savings dissolve.

“I suggested to her to just take out half. Just take out half, put it somewhere secure some other south side of the 401K family," he says.

But that’s a risky move, which may not be the best decision, says Seton Hall University Professor of Finance Eleanor Xu.

“It’s the most dangerous time to exit," says Xu.

Xu says not to sell your stocks out of panic.

She also had some sage advice for seniors.

“For senior citizens, make sure you have more conservative asset allocation, you have enough bond allocation to weather the volatile equity market," says Xu.