A troubling, less-spoken-about effect of COVID-19: more than 25% of Americans have had to raid their retirement savings. In these tough times, “Knowing which accounts to raid (e.g., checking, credit, loans) and which not to raid (e.g., IRAs, 401(k)s) can make the difference between a happy and a miserable retirement.” Read more from author Brian Menickella.
COVID-19 could spark numerous systemic outcomes that improve retirement security, health insurance…but how soon? Read more from Alessandra Malito here.
Take a look at what’s ahead for the coming year for the cost-of-living adjustment, benefits, and full-retirement-age levels. Read more from Robert Powell here.
As the coronavirus pandemic upends the economy, there’s never been a better time to examine the conventional wisdom about retirement. Read more from Michelle Singletary here.