15 Ways to Protect Your Retirement Savings During the Coronavirus Outbreak
Do not stop contributing to your 401(k)
You should never stop contributing to your retirement savings plan during a crisis because you will regret this decision later. For instance, there are many people who stopped contributing to their retirement savings plan during the financial crisis in 2008 and it turned out to be one of the biggest mistakes.
So, you should keep supplying your retirement savings account and increase your contributions. But why do you have to do this? Well, if you choose to invest more while the stock is down, you will have more benefits when everything will be back to normal. “This is a buying opportunity of a lifetime,” Anspach said.