2. In case you’re retired
As a retiree, there are several things that can cover your back such as Social Security, pensions, IRAs, or other retirement accounts. So, no matter what type of retirement income you have, it is probably sufficient to pay your monthly bills.
However, the situation changes if you have an adult children who deals with a difficult financial situation as a result of the pandemic. All parents want a great life for their kids, but, in this case, helping your adult child could leave permanent scars on your savings. So, you should start putting yourself first if you want to get the most out of retirement.
