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Should you continue funding your retirement or emergency fund?
During the COVID-19 pandemic, it is tempting to scale back on contributions to your 401(k) or IRA. Most financial advisors, however, would advise you to do your best to continue funding your retirement. Millions of Americans are struggling financially during this pandemic but, if you are still reporting to work, it is smart to continue building your retirement savings. This advice, of course, is at odds with the question of whether to shift available financial resources to your emergency fund to get by the current and future difficulties. The Motley Fool’s Maurie Backman addresses this dilemma in a post on their website. Check it out here…
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