How to Survive as a Retiree in a Down Market

Reduce costs and stretch savings to make it through a stock market slump during retirement.


WITH THE CORONAVIRUS pandemic causing fluctuations in the stock market, many people fear an extended economic downturn. It can be especially nerve-wracking if your portfolio valuations are down, or your retirement income is less than you planned for. Follow these financial to-dos to get through a market decline.

Try these ideas for retirees to cut costs and make it through a stock market slump:


  • Eliminate unnecessary costs.

  • Adjust the thermostat.

  • Save on health care.

  • Exercise for free.

  • Negotiate with lenders.

  • Put off projects.


SEE THE FULL LIST AT US NEWS AND WORLD REPORT

https://money.usnews.com/money/retirement/401ks/articles/how-to-survive-as-a-retiree-in-a-down-market



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