Boost Your COVID -19 Retirement Planning With These Tips
By Grant Ellis Bear in mind that retirement savings are for the long run. The Coronavirus (COVID-19) is having a widespread impact across all elements of financial life, including retirement plans. The current global stock exchange turbulence, as a result of COVID-19, will undoubtedly be concerning for people whose retirement savings are spent partly or entirely during these volatile marketplace conditions. However, making decisions based on what is happening in the short term may be a risky thing to do. It may be tempting, for instance, to consider transferring all your investments into cash or other lower-risk investments - but in doing so, you not only lock in the loss as a result of recent falls, but you may also miss out as the value goes back up, so you'd lose out in the long term also. Here are our tips on how to navigate these difficult times. Allow time for Markets to Recover It is really important to remember that retirement savings are for th