Understanding market fluctuations can help you protect your savings
Understanding basic economic trends can help you make more confident financial decisions. Here鈥檚 what you should know about the market and creating a sound retirement plan.
Major events that upset the economy, such as the COVID-19 pandemic, can leave many Americans feeling the squeeze. If your household income has dropped 鈥� perhaps from a reduction in working hours or a temporary layoff 鈥� you may be tempted to dip into retirement accounts or liquidate annuities to meet your immediate needs. But these moves can have lasting negative effects.
Before you put your long-term plans in jeopardy, here are five ways to help you cope with lost income.
Facing a cash crunch is stressful. But finding solutions other than tapping into your retirement savings can help keep your long-term financial plans on track. You can also work with your financial professional to adjust your retirement savings strategy according to your changing needs and goals.
This information is brought to you by 桔子视频 鈥� where unconventional thinking brings innovative annuity solutions that can help make your retirement dreams a reality.
Understanding basic economic trends can help you make more confident financial decisions. Here鈥檚 what you should know about the market and creating a sound retirement plan.
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