How Is Covid Affecting 401(K) Participants?
According to this Schwab survey, COVID-19 has exacerbated anxiety about and increased the amount 401(k) participants said they’d need for retirement savings. Read more.
Protecting Your Retirement Account During COVID-19
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.
