You’ve put in your time in the working world and saved up a healthy nest egg so that you can enjoy your golden years in retirement. But even if you’ve done everything right up until now, there are ways you can unwittingly derail your retirement once you’re there.

What’s it like to not have to commute? What’s it like to sleep in a little later than normal? What’s it like live a more relaxed, less hectic life? If this sounds like retirement, you could be right. But it also sounds a lot like coronavirus quarantine. And that’s spooked a lot of people. Do you know any of them?

If you’re not an expert in money matters, hiring a financial adviser to manage your money life can be a tough decision. It’s almost impossible to know every financial arena well because they can be so specialized. Estate planning is completely different from picking the right investments, for example. Managing a portfolio is different from crafting a monthly budget.

The dramatic precipitous fall in the markets have shocked many. Are you looking at your now much smaller retirement accounts and wondering if retirement is even possible?

Given the recent stock market losses and rising fears of recession, retirees shouldn’t bet on the traditional 4% withdrawal rule for their retirement savings, experts warn. The rule refers to the percentage amount that financial advisers recommend retirees should withdraw from their portfolio on an annual basis.

Suddenly a big “What if?” has become a big “What now?” Not only has the longest economic expansions in recent American history come to an abrupt end as a result of the COVID-19 (coronavirus) pandemic, economies around the world have slowed significantly as people stay home and businesses close to weather a global health crisis the likes of which hasn’t been seen in at least a century. (7 Tips to Protect and Preserve Your Financial Well-Being When the Worlds on the Brink of Recession)