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Don’t forget that retirement is a marathon, not a sprint

While some people will have no other choice but to use retirement savings for short-term financial challenges, a majority (86 percent) feels that “staying the course” and having a long-term view on their investments is important amid concerns about the COVID-19 pandemic. This conclusion is according to a recent survey from Voya.  There is much to consider before taking action on these new coronavirus-related distributions and withdrawing money from retirement funds. So before you do, read the attached article here…

This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.

Comments On This Topic

  1. Why did social security check get deposited but the stimulus check did not get deposited?

    • Yvonne:

      This is likely because the Social Security payment and the stimulus payment are generated from two different agencies, with two separate schedules. If you have not yet received your stimulus payment, you can check the status with the IRS using their web portal at irs.gov/coronavirus/get-my-payment.

      Gerry Hafer
      AMAC Foundation, Inc.

      CONFIDENTIALITY NOTICE: The opinions and interpretations expressed in this message are the viewpoints of the message’s author, a trained advisor accredited under the National Social Security Advisors program of the National Social Security Association, LLC (NSSA). The author, the NSSA, and the AMAC Foundation are not affiliated with or endorsed by the United States Government, the Social Security Administration, or any other state government.

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