X

  

Importance of Sleep

Older Adults and Longevity

0
Sleep issues tend to mount as we get older. According to a National Sleep Foundation's comprehensive study, we have a harder time falling asleep, have more trouble staying asleep and have lighter...

CapTel Captioned Phones

Hearing and Seeing

0
CapTel phones and CTS (Captioned Telephone Service) allows those who are deaf, hard of hearing, or 'late-deafened' to not only listen to the caller's voice, but read everything that is being said...

Healthy Diet, Healthy You

Making Smart Choices

0
Our diet and lifestyle can have a tremendous impact on how we are gracefully greying. As we age, our metabolism slows down, and our bellies get bigger.  Weight control is difficult to maintain,...
First6869707173757677Last

Sponsored Content

  

Sponsored Content

  

Search

Sponsored Content

  

Recent

12

Coronavirus Resources

Key Financial  Tips - Don’t Panic!
Laurie Blume
/ Categories: Financial, Money Management

Key Financial Tips - Don’t Panic!

Remain Calm in Turbulent Times

Here are a few financial tips for those of us who are Gracefully Greying adapted from the Financial Manager and AARP Magazine:

  1. Do not panic. Panic is the enemy.
  2. Diversification is your safety net. Make sure that your money is spread among different types of investments, such as U.S. stocks, foreign stocks, bonds and publicly traded real estate trusts. Investing in mutual funds is safer than buying individual stocks and bonds.
  3. It is hard to plan for economic calamity.
  4. Think twice before paying off your mortgage if it uses up a lot of cash.
  5. Do not panic and sell too early. This is how most people get hurt by market downturns. Panic is your biggest enemy.
  6. Do not be overconfident either. There are always down turns in the market. The four most dangerous words when the markets have been strong for a long time: “This time it’s different.”

Another good read is Suze Orman's article 10 Steps to our Ultimate 'Retirement, published in AARP.  Another important read is published by U.S. News & World Report, What the Coronavirus Means for Your Retirement Finances.

Print
31844

All Categories

Sponsored Content