4 Retirement Planning Strategies to Lean on in Uncertain Times
So far, 2020 hasn't pulled any punches. The coronavirus pandemic forced many in the U.S. into quarantine, initiated a stock market meltdown, caused a global recession, and led millions to lose their jobs. With all that going on, even the potential invasion of murder hornets had trouble keeping people's attention this summer. The worst part is, no one really knows how the remainder of this awful year will play out economically.
That uncertainty is problematic for retirement savers, who were largely underfunded before anyone had heard of COVID-19. One 2019 survey by Bankrate concluded that 20% of American workers aren't saving for retirement at all. Another study from Northwestern Mutual reports that 22% of Americans have less than $5,000 in their retirement savings accounts. Given that the U.S. is now struggling through an economic and health crisis, those numbers could easily get worse before they get better.
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Source Fool.com
