COVID-19 has the potential to change retirement, for better and worse
Retirees across the United States were already overwhelmed and underprepared for their futures before the coronavirus, but uncertainties about the health-care system and economy are making it harder to plan ahead. There may be some relief in sight.
The bad news: Society isn’t there yet. Government and health officials are still not sure when this pandemic will end and a “new normal” will begin. The retirement industry pre-COVID-19 may have been optimistic, especially as markets had significantly rebounded from the 2008-09 financial crisis, Mitchell wrote. The government had passed sweeping retirement legislation to boost retirement security in December too. But the pandemic, which has killed more than 100,000 people in the U.S.
Pensions may suffer from underfunding — many of which already being at-risk — and it will take years before investment losses bounce back. The CARES Act made it easier for savers to withdraw more or take loans from their nest eggs without penalty, which could result in less money when they retire. While some may retire sooner than anticipated, others may have to prolong their careers until they have enough saved to last their lifetimes, Mitchell said.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
Why The Covid-19 Pandemic Still Poses Significant Risks For ChildrenDr. Barry Bloom, who has fought infectious diseases around the world, discusses the impacts - both direct and indirect - that the Covid-19 pandemic will have on children around the world if timely interventions aren’t made.
続きを読む »
Brazil Covid-19 death toll surpasses 30,000 – latest updatesBrazil's death toll surpasses 30,000. Other Covid19 updates: 🇪🇺 Combat 5G fake news, urges EU 🇺🇸 Outbreak at Manhattan federal jail worse than reported 🇬🇧 UK mulls 'air bridges' with low-risk countries More here:
続きを読む »
What wealthy independents, a key swing vote, think about Trump, Covid-19 and the economyMillionaires who identify as political independents are closer to the outlook of wealthy Democrats than wealthy Republicans on several key issues, according to the latest CNBC Millionaire Survey.
続きを読む »
Latino homes report serious COVID-19 symptoms nearly twice as often, survey of 1.6 million showsA survey of 1.6 million U.S. homes shows 1 in 12 Hispanic homes reported serious COVID-19 symptom combinations: dry cough and difficulty breathing or fever and loss of taste or smell. Experts say the data may offer a fuller picture of the virus’ toll.
続きを読む »
From Instacart to Amazon, here's who's hiring amid COVID-19Industries that are increasing their hiring demand include those in public health, with new jobs like contact tracing emerging.
続きを読む »
Oklahoma State linebacker says he tested positive for Covid-19 after attending protestThe coronavirus pandemic has brought countries to a standstill. Here's the latest updates on Covid-19 cases, deaths, government responses and more.
続きを読む »