The 2 scariest parts of retiring have been made even worse by the coronavirus outbreak - Business Insider

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It's difficult to plan for retirement during an economic downturn and global health crisis

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The sudden economic downturn and persistent health crisis can feel like an especially harsh blow to people who are in or nearing retirement — a stage in life when your future is usually painstakingly mapped out.Signature Wealth StrategiesThe economy, Munn says, has been metaphorically put to sleep as we attempt to battle the illness.

When people retire from something, he says, they often struggle because they're not as prepared for whatever it is they wind up doing. Right now, people who are staying home or out of work might be getting a taste of what is important to them beyond their job commitments and forming a fuller picture of how they want retirement to look, Munn says.

 

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