7 Tips for Retirees to Help Ride Out Market Turmoil
by Vishal Jain, Head of Financial Wellness Strategy, Prudential Financial
Apr 30, 2020
4 minutes
As Kiplinger readers know, the investment landscape changed overnight with the recent outbreak of the COVID-19 pandemic and its devastating impact on vast swaths of the global economy. As stock prices plunged and interest rates fell to historic lows, many Americans saw their investment portfolios shrink dramatically -- faster, perhaps, than in any other crisis in U.S. history.
For retirees looking for a few ways to manage through the turmoil, here are some ideas that may help.
Embrace Social Security (and wait if you can)
For the vast majority of retired Americans, IRAs and other investments don't account for all of their wealth. Social Security is a key source of retirement
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