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What to do if you're retiring soon and your investments have dropped - Business Insider

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One option? Don't be afraid to spend your emergency savings

Two crossed lines that form an 'X'. It indicates a way to close an interaction, or dismiss a notification.Personal Finance Insider writes about products, strategies, and tips to help you make smart decisions with your money. We may receive a small commission from our partners, but our reporting and recommendations are always independent and objective.

He suggested adjusting your budget to now to save more money, spending your emergency savings before touching your investments, and remembering the plans you set in place before the stock market dropped. outbreak and are left wondering how to recover. Should you leave the funds where they are? Readjust your budget? Pull as much cash as possible?, executive vice president and partner at EP Wealth Advisors, to help walk through them."There are a lot of factors that go into deciding what to do in this situation," explains Serrecchia, but in all cases, he recommends beginning with the same step.

 

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