Q&A: What should I do to limit the Covid-19 losses on my retirement income?
In general, the answer lies in what you want to do with your retirement annuity at retirement date
Q: I am close to retirement and, though conservatively invested, the panic-selling over Covid-19 since the start of March has taken off a 10th from my retirement annuity. Though markets are showing signs of recovery, how worried should I be that my retirement savings will be depleted even more? And what should I do to limit the losses? — Anonymous via e-mail
A: Johann Steyn, Certified Financial Planner®️ at Sanlam and principal of Rainmaker BlueStar Financial Advisory Services, responds:..