The major indexes (^DJI,^GSPC, ^IXIC) continue to slide as a global market sell-off rocks Wall Street. But what does the movement mean for your retirement savings? Yahoo Finance Senior Columnist Kerry Hannon joins Wealth! to break down how retirement savers should navigate the sell-off.

"This is a time, when you're a retirement saver, to kind of take a breath because we see this often. Volatility happens in the stock market," Hannon explains. She notes that if you're investing in a retirement account, you will experience periods where you're buying high and periods where you're buying low. In the end, it'll most likely even out. She adds that many people with retirement accounts are invested in target mutual funds, which automatically rebalance portfolios as the stock market shifts.

Ahead of an interest rate cut, Hannon explains that high-yield savings accounts are great options for retirees to move some funds over while the stock market battles volatility.

For more expert insight and the latest market action, click here to watch this full episode of Wealth!

This post was written by Melanie Riehl