Coronavirus: 2 Things Every Retiree Should Do Right Now
The global COVID-19 outbreak continues to grow, and health officials are increasingly worried that the outbreak will become a full-blown pandemic. Financial markets have reacted negatively to news of the spread of the disease. Many worry about the impact on the global economy, and already, key industries like travel and entertainment have felt the brunt of measures to fight the disease.
For retirees, the disruptions associated with the coronavirus could be especially troublesome, given a lack of income and the heightened healthcare needs that many older Americans have. To keep yourself prepared for whatever may come, it's important for every retiree to take a couple of steps to get ready to deal with the potential consequences if the outbreak reaches greater proportions.
Many retirees are only able to make ends meet by living from Social Security check to Social Security check, so the prospects of saving cash can be difficult if not impossible. However, even for those who struggle on a fixed income, doing what you can to set a little something aside could prove extremely valuable if coronavirus disruptions start to have more dramatic impacts on the financial system.
Source Fool.com
