Protecting your money: What should you do in this time of uncertainty?

PITTSBURGH — At a time when employment and financial situations are changing, what can you do to protect your money?

One of the first things, according to financial advisor David Martin, is to pull your credit report.

“If the government comes in and says nobody is going to have a late mortgage payment for these two or three months, how is that going to affect credit? So, I think a baseline for credit is critical,” Martin said.

When it comes to checking your 401(k), Martin thinks it’s a mistake to not look.

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“The thing that you need to do … and I’m hearing from everybody they don’t want to look at their 401(k) balances. I think that is a big mistake,” Martin said. “You gotta know where you are.”

Martin believes people should have a baseline and expects most people will have to rebalance their investments in the near future.

Martin thinks the economy will recover in stages once the coronavirus pandemic is behind us. He said typically after something like this, it takes about 14 months.

Who is hiring during the coronavirus pandemic? Some businesses are closing left and right, leaving people out of work, but others have positions to fill now. “We’re still running we’re still servicing our customers we’re taking some steps like a lot of businesses to sanitize as much as we can,” said Doug Zalla, owner of Jet's Pizza in Dormont. https://bit.ly/2wpfOH0 SUBSCRIBE: https://www.youtube.com/channel/UCBnnls7hGYmkQmuFTDDe10g ABOUT WPXI 11 News: WPXI-TV is your source for breaking news, weather and sports coverage in Pittsburgh. The local NBC affiliate is owned by Atlanta-based Cox Media Group. CONNECT WITH WPXI 11 News: Visit the WPXI 11 News WEBSITE: http://www.wpxi.com Download our FREE apps: https://wpxiapps.com/ Like WPXI 11 News on FACEBOOK: https://www.facebook.com/wpxi Follow WPXI 11 News on TWITTER: https://twitter.com/WPXI Subscribe on YOUTUBE: https://www.youtube.com/subscription_center?add_user=WPXI11NEWS

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