4 Ways the Coronavirus Pandemic Could Affect Retirees’ Finances
In many ways it’s never been a better time to be a retiree, compared to so many millions of other Americans. No job loss due to the pandemic. Retirees who are single tax filers with incomes below $75k ($150k if married) got $1,200 cash payments. Required minimum distributions were suspended. But Christy Bieber explains in this piece that some may still suffer income losses such as from stock market volatility. She also suggests a very low cost of living adjustment for Social Security benefits may be in the offing for 2021, due to low inflation. Full article here.