After retirees Edd and Cynthia Staton were crushed by the stock market crash in 2008, they moved to affordable Cuenca, Ecuador.
If you have a story about how the stock market drop and coronavirus are impacting your retirement plans, email yourmoney@businessinsider.com. Edd and Cynthia Staton felt the effects of the stock market crash of 2008 acutely. This time, they feel much better prepared. Their retirement strategy relies more on cash savings and their Social Security benefits than the markets. "We are very minimally in the US stock market, and our investments are mainly centered here in Ecuador," Edd says. , or certificates of deposit, are a type of savings vehicle that locks up money for a certain period of time, generally ranging from a few months to a few years.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
PhilliesPhan67
Nigeria Nigeria Latest News, Nigeria Nigeria Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Starling offers account holders a second debit card - Business Insider - Business InsiderUK-based digital bank Starling is offering a second debit card to personal account holders who are self-isolating and have helpers who shop for them. Good!
Source: BusinessInsider - 🏆 729. / 51 Read more »
5 steps to help you overcome guilt you may feel during the pandemic - Business Insider5 steps to help you overcome any guilt you may be feeling during the pandemic, according to a psychotherapist Unless you got a bunch of people sick what's there to be guilty about?
Source: BusinessInsider - 🏆 729. / 51 Read more »
The world's biggest iPhone maker is going to start making ventilators - Business InsiderFoxconn is partnering with medical tech firm Medtronic to build ventilators at its factory in Wisconsin. Godspeed. Real-Ventilators
Source: BusinessInsider - 🏆 729. / 51 Read more »
How the $349 billion PPP relief program for small businesses unraveled - Business InsiderAmerica's small-business owners hoped a $349 billion lifeline from Washington would pull them through the pandemic. Here's the inside story of how its launch spectacularly unraveled in 24 hours. I need this money! AnthonyMasonCBS Thank you for not sharing!
Source: BusinessInsider - 🏆 729. / 51 Read more »