For seniors over the age of 65 who qualify, a life settlement can generate immediate cash.
As financial markets around the globe react to the spread of the coronavirus, many retirees worry about the impact on their investment portfolios. Seniors who are about to begin their retirement drawdown strategies are wondering how the market’s plunge will change things.
Most financial planners and advisors are recommending that their clients remain calm and stay the course, assuming they have the proper asset allocation along with enough cash in their emergency fund to pay for two years of basic living expenses. A well-funded emergency cash account can provide seniors with peace of mind during times of economic crisis or pandemics such as the coronavirus. They know they won’t be forced to sell off investments at a loss in order to pay their basic living expenses.