The COVID-19 Crisis Must Accelerate The Transformation Of Retirement Savings

Few things have had as sudden and dramatic an impact on the lives of individuals and the health of the global economy as the coronavirus pandemic. Seemingly overnight, our daily routines are upended, our financial well-being is called into question, and fear is giving hope a run for its money. Governments around the world have aggressively stepped in to address …

My Retirement Plan Is You: When Mom Moves In

Sian-Pierre Regis, 35, is used to living with roommates. For the past 10 years, he has split the rent on his apartment in the Chelsea neighborhood of New York City with two (in some cases, three) friends. But in June, he’s getting a co-tenant of a different sort: his 78-year-old mother, Rebecca Danigelis. “I don’t think either of us expected …

No, Your Retirement Savings Haven’t Been “Decimated”

“Retirement accounts have been decimated by the recent stock market crash.” I heard this statement recently from a professional who really should know better. While the recent stock market volatility is indeed disturbing, the reality of the situation for most workers and retirees is that there’s no need to panic. Let’s see why by looking at the retirement resources available …

Here’s What to Trim (and What Not to Touch) From Your Budget Right Now

YOUR FINANCES MAY BE TIGHT, BUT THERE ARE HELPFUL CHANGES YOU CAN MAKE DURING THE CORONAVIRUS LOCKDOWN. So much has already been cut out of my life in the past month. Restaurant meals, birthday parties, a trip to Joshua Tree, haircuts, yoga classes — even a priceless hug from a friend. But when my work dried up overnight in early …

What Is Your Response Style To Change?

How do you respond to change? I assumed people’s response to the significant change we’re all facing now would be pretty uniform, but I have been wrong. My friends and colleagues in New York City are feeling a little claustrophobic, but my coaching client in the Midwest is happily productive while hanging out at her boyfriend’s house (they do not …

Reopening Has Begun. No One Is Sure What Happens Next.

The economy shut down almost overnight. It won’t start back up that way. Politicians and public health experts have sparred for weeks over when, and under what circumstances, to allow businesses to reopen and Americans to emerge from their homes. But another question could prove just as thorny — how? Because the restart will be gradual, with certain places and …

The 30-Minute Financial Check You Need To Make Now

With the uncertainty COVID-19 has brought to the financial markets and our lives, it’s easy to become discouraged and even worried about what the future holds. This is true for people who are not financially prepared to handle a major unexpected expense or a job loss, but it’s also true for those of us who have supposedly done everything “right,” …

Steps To Financial Wellness During Financial Literacy Month

April is Financial Literacy Month! Given world events over the course of the past several months, there’s no better time to dive into understanding your finances and striving for financial health. Due to the coronavirus outbreak, many people have been forced to take time off of work, or watch their children full-time when schools closed. Service-based professionals and business owners …

Ways To Bolster Your Finances Due To The Coronavirus

The coronavirus outbreak, we know, is a health crisis and a national economic crisis. It’s also, for many Americans, a personal-finance crisis. Many of us, especially those in our 50s or 60s, are now very worried about our money due to the pandemic. The 22% drop in the Standard & Poor’s 500 stock index since late February has shrunk retirement …

How society can overcome covid-19

WHEN THE makers of the film “Contagion” in 2011 needed to vet the plausibility of the script, they turned to Larry Brilliant, one of the world’s leading epidemiologists. His reply scared them even more than the screenplay: not only was the scenario possible, he explained, it was almost certain to happen. Today, the world is living a nightmare similar to …