If you’ve changed jobs recently, don’t forget to take your 401(k) with you! Over the past 10 years, 25 million people changed jobs and left their money behind. Read more about some things you should know.
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.
If you’re an older worker who was planning to delay claiming Social Security retirement benefits, but your plans have been derailed by coronavirus, here are some options you might consider. Read the article by Mark Miller here.