Why Retirees Should Keep an Eye on the Fundamentals of the Economy

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Listen up, retirees, you're going to want to keep a close eye on the fundamentals. 

It's easy to get distracted by all of the headlines and the volatility in the markets, but you're going to want to keep calm and carry on. 

Tony Drake, CEO of Drake and Associates, sat down with TheStreet to explain why retirees and future retirees need to be cautious about the noise in the markets. 

"You know, it's certainly catching a lot of media attention and particularly for retirees, if you're retired or nearing retirement, you know, hearing all this noise can be really scary. But I think it's important to look at the fundamentals of the economy. You know, we would look at our U.S. economy. Job starts are great, unemployment is low. And one of the big indicators we look at is consumer spending...our economy is doing good," said Drake.

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