When the COVID-19 crisis ends, 72% of Americans pledged this financial strategy
Expert advice for retirees during this financially tumultuous time. Buzz60
It's a smart financial move that everyone should aim for.
retirement plan contributions due to the pandemic. It's encouraging, therefore, to hear that 72% of Americans plan to prioritize their nest eggs once the crisis is over, according to a recent TD Ameritrade survey. And that's an important goal to aim for no matter your age.
Why do you need a nest egg going into retirement? It's simple: Social Security won't provide enough financial support during your golden years.
The average recipient today collects about $1,500 a month, or $18,000 a year, in benefits, which isn't a whole lot of money to live on – especially when you factor in the cost of healthcare during retirement, which can be astronomical even if your health itself is just fine.
Retirements take hit: disclosure policy.
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