Good Financial Reads: Planning for Retirement
How the Pandemic Has Changed Retirement Planning
The pandemic has sent shockwaves through the world both in people’s personal lives and professional careers. From disrupting people’s ability to see family members and go out on weekends to forcing millions of people to go on unemployment and work from home, it’s been quite a ride.
Many people who have been laid off or are working with reduced pay are being affected presently, but the future effects of this pandemic will lead to shockwaves through retirement. Without work, employees are unable to contribute to their retirement funds, and without any sort of employer match, it’s hurting even more. In this article, we will talk about the effects of the pandemic on retirement funds and what the future could hold for these Americans.