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    Stock Market News: Volatility Up 14% As Markets Fall

    Gold’s Price Action Is Even More Bullish In Other Currencies

    Stock Market News: Volatility Up 14% As Markets Fall

    What Trump’s Mask, Toyota Production And OPEC+ Meeting Mean For Markets

    Stock Market News: Volatility Up 14% As Markets Fall

    Weekly Outlook: Monetary Policy Decision From BoJ, BoC, ECB

    Stock Market News: Volatility Up 14% As Markets Fall

    Risk Appetites Firm, But The Greenback Is Mixed

    Stock Market News: Volatility Up 14% As Markets Fall

    The Dual Nature Of Markets In 2020

    Stock Market News: Volatility Up 14% As Markets Fall

    The Virus And The Economy

    Large Fiscal Cliff Looms On The Horizon

    Stock Market News: Volatility Up 14% As Markets Fall

    Opening Bell: Futures, Stocks Jump On Positive Earnings Hopes; Dollar Slumps

    Stock Market News: Volatility Up 14% As Markets Fall

    Fed Is Trapped In QE As Interest Rates Can’t Rise Again

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Your Money: Now is not the time to stop saving for retirement

Trade News by Trade News
March 19, 2020
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Your Money: Now is not the time to stop saving for retirement
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NEW YORK (Reuters) – When you see soda on sale at the supermarket, do you run screaming into the parking lot in a panic? Or do you buy six?

A pedestrian walks on Wall St., as concerns about coronavirus disease (COVID-19) keep more people at home, in front of the New York Stock Exchange (NYSE) in New York, U.S., March 18, 2020. REUTERS/Lucas Jackson

This is the analogy Peter Palion, a certified financial planner in New York, uses to calm worried clients about volatility in the stock market and keep them on their slow and steady retirement savings path.

While logical, it is a hard sell for many. As the market drops precipitously, it may seem like you are throwing good money after bad to keep contributing a percentage of your income to a 401(k) or a similar workplace retirement plan when you have an urgent need for cash. But as we learned from the recession in 2008-2009, stopping regular contributions and pulling out of stocks left investors further behind than those who stayed the…



Source reuters.com

Tags: moneyretirementsavingstoptime
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