Welcome to the Jill on Money Coronovirus Market Update. It is Tuesday, August 18th.

And we are here. It is the summer and we are answering your questions.

Obviously there have been incredible shifts in how the virus is spreading and it really has impacted almost everyone's finances in some way.

There was a recent study that found that about half of Americans said that they have been negatively impacted by coronavirus.

That could be financially, I'm sure that just generally speaking people are freaked out,

and we allow you to be freaked out everyone of us is getting a little

freaked out and that's okay especially as this persists if you are feeling a little

bit uptight about things why don't you send us an email? We can help you out.

Our email address is Ask Jill at Jill on Money.com. Ask Jill at Jill on Money.com.

Michelle writes, the subject is investing during the pandemic.

Hello there to you, I hope you and yours are safe and well.

I am a huge fan.

Is now a good time to invest for retirement or should we hold on to our cash?

Okay, Michelle, it really depends on your situation.

If you're telling me that you've got an emergency reserve fund and it's all built up, then sure,

you're a long-term investor, go ahead and invest. If, however, you don't have

six to 12 months of expenses that's sitting in a boring account, a money market,

checking savings, a short-term CD, then no don't invest. But if you're a long-term

investor and you got your house in order, absolutely.

Meida, right? I love your show. I've got a question about a Roth 401k.

I contribute 5% to a Roth in my 401k at Fidelity. I heard you mention on the show that they should be in separate accounts in order not to be taxed twice at a later date. I just want to confirm you meant Roth money in a traditional 401k and not a Roth account yet.

Don't worry about this. What I'm talking about is when people make after-tax contributions

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