3 Retirement Steps You Should Take When the Market Is in Free Fall [The Motley Fool]
SVMK INC COMMON (SVMK)
Last svmk inc common earnings: 2/13 04:02 pm
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Source: The Motley Fool
The coronavirus pandemic has affected millions of Americans, both from a health and financial perspective. A whopping 9% of Americans say they're concerned the coronavirus will have a negative effect on the economy, according to research from SurveyMonkey, and many investors are worried about how this market downturn has affected their retirement accounts.Whether you're nearing retirement or still have decades before you can even think about retiring, it's normal to feel stressed about the current stock market situation. But there are a few steps you can take to ensure your savings are as safe as possible.Image source: Getty Images.. Don't cash out your retirement fundWhen the market is in free fall, it's tempting to want to pull all your cash out of yourIt may take years before the stock market is fully recovered, but the market corrects itself over time. If you panic and cash out your retirement accounts now, you'll be selling your investments at the worst possible time, when prices
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