15 Ways to Protect Your Retirement Savings During the Coronavirus Outbreak
Do not check your retirement account often
One of the most important things that you have to take into consideration if you want to stay away from financial panic is to resist the temptation to check your retirement savings account daily. In doing so, your level of anxiety will increase significantly and you will be demotivated.
According to Dan Keady, chief financial planning strategist at TIAA, “In market downturns, we’ve seen big downs and big ups,” he said. “If you’re putting yourself on this emotional roller coaster, it doesn’t make sense to increase your anxiety.”