Tariffs have some people worried about their retirement, but experts warn against making decisions based on short-term stock market moves.

Social Security is based on lifetime earnings. The first step in calculating retired-worker benefits is adjusting (or indexing) earnings to account for changes in general wage levels over time. Doing so ensures retirement benefits reflect any increase in living standards realized while the worker was employed.

The changes come as a record-setting cohort of Americans is hitting traditional retirement age, a four-year bubble of late baby boomers that has come to be known as “peak 65.”