Money concerns

  • The economic fallout feels a lot like 2008, with the difference that there is a complete unpredictability of the outbreak's spread; investors are prompted to dump anything risky.
  • Don't be tempted to decrease your contributions of your 401(k). If your employer is matching any part of your contributions, ensure to save as much as you can to get the "free money." Then relax. Things will stabilize again.
  • It is not a good idea to put your money in a mattress. But you may want to keep enough cash to cover basic needs if you're retired.
  • It could be a good idea to refinance your mortgage, although the process might take time right now.

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