The Daily Money: 3 costs that can gut your savings

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The Daily Money ALL THE MONEY NEWS YOU NEED TO KNOW   Monday, March 2 Welcome to the week, money readers. It's David here, with our essential business and personal finance stories for this Monday, including some breaking news that former GE CEO Jack Welch has died. Coronavirus scams: Be warned, you could soon be inundated with fake products, phony stock deals, fabricated emails and more cons preying on your fears about the global outbreak. And they're all designed to separate you from your money. Don't run off a cliff: Our financial columnist, Nancy Tengler, urges investors to resist the instinct to pull money out of stocks when the market plunges like it did last week. Money is made at turning points, she argues, and the crowd is rarely right at critical moments. Expenses to guard against: You have to protect your assets if you hope to eventually stop working and retire. Here are three expenses that can erode your nest egg, and some tips for dealing with them. For more money news, keep scrolling down David Brinkerhoff, Deputy Money editor We're afraid of the coronavirus — and scammers know it Consumers are warned that they could soon be inundated with fake products, phony stock deals, fabricated emails and more that are designed to steal. What is poor? Could Trump change the definition? Coronavirus continues to shake up business Investors, don't be lemmings. Resist the urge to sell For people late on car payments, a slowdown could... Former GE CEO Jack Welch has died at 84 At 58, am I too old to buy my first home? ModelLand: Tyra Banks' spin on experiential pop-ups What are child care plans of each candidate Be prepared, these 3 expenses can eat into your...   FOLLOW US Problem viewing email? View in browser Unsubscribe • Manage Newsletters • Terms of Service • Privacy Policy/Your California Privacy Rights • Privacy Notice • Do Not Sell My Info/Cookie Policy • Feedback © 2020 USA TODAY, a division of Gannett Satellite Information Network, LLC. 7950 Jones Branch Drive, McLean, VA 22102