Retirement Planning

The COVID-19 pandemic is likely to have a lasting impact on our lives, from how we fly to how we retire. During times of crisis, priorities often shift, and the need for a plan in the case of emergency becomes apparent. There are many ways our lives might adapt to a different world after the pandemic, especially for retirees. Here are three emerging retirement trends in the post-coronavirus world. More People Will Be “Pulled” into Retirement Than “Pushed” Older workers can sometimes find themselves “pushed” out of the workforce sooner than they anticipated by layoffs [...]

Life is unpredictable, and there are a number of events that can impact our finances, from global pandemics to personal crises. And while adjustments sometimes may need to be made to get back on track, no one wants to put off an event like retirement because they feel forced to. It's important to take stock of what you have and what you'll need if you're nearing or entering retirement. No rule says you must put off retirement, or that your desires are beholden to the state of the world when you reach retirement age. Here’s [...]

The past few months have caused many to worry about their financial future, and some may assume they can recoup their losses by delaying retirement or working in retirement. A recent survey found that 54% of Americans say they’d like to continue working in retirement, while 40% say they worry they won’t be able to retire at all.[1] What they may not realize is that many older workers are forced to retire earlier than expected. A study showed that 26% retired earlier because of job loss, and this number is likely higher after the coronavirus [...]