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CNBC – Here’s why the coronavirus may clobber your retirement plans

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reverse mortgage incomeKey Points

  • Fear surrounding the global spread of the coronavirus, and its resulting economic impact, led to the worst week for U.S. stocks since the 2008 financial crisis.
  • Near-retirees with their savings in a mutual fund tracking the S&P 500, Dow Jones or Nasdaq market indexes saw their retirement wealth decrease by more than 10% last week.
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