You are not alone: Coronavirus crisis has damaged retirement plans of many Americans

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You are not alone: Coronavirus crisis has damaged retirement plans of many Americans
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The pocketbook realities of COVID-19 have hit everywhere, from workplaces to 401(k) plans.

Jane McNamara closed the doors on her Michigan Jazzercise studio temporarily at noon Monday. The emotion of the moment led her to snap a photo of herself at the door with the bright yellow dot saying"Facility Closed."

"This is a very positive thing that we're all doing to help save each other," McNamara said."No time to be selfish." "It's not as bad as 2008-09," McNamara said."Back then, I lost my home. I went underwater and I lost my home." Her home was sold in a short-sale for less than the balance on the mortgage during the collapse in the housing market.

"I will live like college students," said Smith, who was an attorney for many years."I guess Ramen noodles still taste good." He, too, feels for those who are worse off, those who will lose jobs and not be paid for even a short time by their employers, as many businesses close for the next two weeks.

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