The uncertainty of the current pandemic could impact your life and your financial security. In order to keep your finances in order, it’s important to have a focused plan. Here are seven strategies to help you manage your finances effectively in the crisis.

A bear market occurs approximately every five years. The average decline is 39%, and the average duration is 18 months. This can be painful for the economy and investors. But the important thing to realize is that the bear market is also temporary. If you’re an investor, you may suffer losses, but you may also have an opportunity to accelerate your returns over longer periods and eventually make a profit. To break even, it typically takes just over five years.1

Reading Time: 5 minutes
 
People typically think of the average rate of returns when it comes to sustaining their retirement income.  However, what might be more impactful is not the average return, but the order of returns.