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For worried workers, communication is important from plan sponsors and advisers
This year there is no shortage of things to worry about: contracting or spreading the coronavirus, economic uncertainty, social and political strife and now retirement security. Several reports indicate retirement security is a significant source of stress along with stock market volatility and job security. According to one report from Alliance for Lifetime Income, it found that about 3.2 million Americans are delaying retirement because of the pandemic. However, according to a survey from Principal, the pandemic is reportedly taking a smaller economic toll on people who have been saving well for retirement and 98 percent said they are comfortable with their financial situations. In Emile Hallez’s article appearing on www.investmentnews.com, she writes the retirement worries keep rising and how communication is important from plan sponsors and advisers. Read Ms. Hallez’ article here…
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