Coronavirus and Your Retirement Savings: Answering Important Questions
by Tony Drake, CFP®, Investment Advisor Representative, Founder & CEO, Drake & Associates
Mar 23, 2020
3 minutes
As we navigate the coronavirus outbreak, Americans are more concerned about their finances than their health. Wall Street may be fueling that concern right now. Stocks were at record highs in February of this year. Since then, they've fallen more than 30%. The volatility stems from fears of a global economic slowdown due to the coronavirus pandemic. Investors have also been reacting to an oil price war, emergency interest rate cuts, the temporary closing of schools and businesses and news from Capitol Hill
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