Is It Safe to Retire During a Recession? How the Stock Market Can Affect Your Retirement Savings
As the coronavirus pandemic rages on, it's unclear how long it will be before life can return to normal. And for those nearing retirement, that uncertainty can be troubling.
The U.S. officially entered a recession in February, according to the National Bureau of Economic Research (NBER), and nobody knows how long it will last. The stock market also took a serious tumble earlier this year, and although it has experienced a remarkable rebound since then, it's still volatile. That volatility could potentially put your retirement in jeopardy, because another market downturn could affect your savings.
Retiring during a recession can be risky, but it could also be a smart move for some people. Here's how to tell whether retiring now is the right decision for you.
Source Fool.com
