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Awesome Senior Home Products

Nexus Home Medical Equipment

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Learn about all of the products that are available for home medical care from my guest, Lisa Cousino, the director of sales and customer care of Nexus Home Medical Equipment. This is a key topic...

You Need to Exercise!

With Laurie Jerris

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Join me and my guest, personal trainer and diet consultant Laurie Jerris, as we discuss exercise and diet for those who are gracefully greying. Working on muscle strength as well as balance are so...

Take Care of Your Heart

With Dr. Joel Kahn

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Cardiologist, Dr. Joel Kahn is my guest as we discuss our hearts and taking care of them, as we are gracefully greying. Dr. Kahn's message includes 'prevent and reverse disease with plant-based...

Got Senior Skin?

With Dr. Wendy Sadoff

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Dermatologist Wendy Sadoff discusses our skin and things that we can do to take care of ourselves as we are gracefully greying. She offers tips to maintaining optimal skin health and appearance,...
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Coronavirus Resources

Key Financial  Tips - Don’t Panic!
Laurie Blume
/ Categories: Financial, Money Management

Key Financial Tips - Don’t Panic!

Remain Calm in Turbulent Times

Here are a few financial tips for those of us who are Gracefully Greying adapted from the Financial Manager and AARP Magazine:

  1. Do not panic. Panic is the enemy.
  2. Diversification is your safety net. Make sure that your money is spread among different types of investments, such as U.S. stocks, foreign stocks, bonds and publicly traded real estate trusts. Investing in mutual funds is safer than buying individual stocks and bonds.
  3. It is hard to plan for economic calamity.
  4. Think twice before paying off your mortgage if it uses up a lot of cash.
  5. Do not panic and sell too early. This is how most people get hurt by market downturns. Panic is your biggest enemy.
  6. Do not be overconfident either. There are always down turns in the market. The four most dangerous words when the markets have been strong for a long time: “This time it’s different.”

Another good read is Suze Orman's article 10 Steps to our Ultimate 'Retirement, published in AARP.  Another important read is published by U.S. News & World Report, What the Coronavirus Means for Your Retirement Finances.

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