Amid Market Slide, N.H. Residents Have Concerns About Affording Retirement
  • 26/05/2020
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Amid Market Slide, N.H. Residents Have Concerns About Affording Retirement

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Descripción de Amid Market Slide, N.H. Residents Have Concerns About Affording Retirement

The coronavirus pandemic has prompted concerns about health—and not just physical health. Financial health is also a major concern for many NHPR listeners. Subscribe to our COVID-19 newsletter for the latest updates from NHPR. Dozens have told NHPR through our on-going survey that the stock market slide that began in March has taken a huge bite out of their retirement portfolios. One person wrote to lament the lost of $13,000 of retirement savings. Another wrote that they don’t eat out anymore. Melanie Ossman of Canaan was worried that she’d be furloughed from her job, so she stopped contributing to her 401k. “I was so nervous and I didn’t want to feel like I was just setting cash on fire in the market and exposing it to more risk. I said, ‘Well at least let me hold onto it liquid.’” Ossman just turned 51 and was hoping to retire in her mid-sixties, but even before the pandemic struck, she wasn’t sure she could. She says her employer has eased her fears about being furloughed. But she

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