Here's How COVID-19 Is Affecting Near-Retirees' Outlook

Maurie Backman, The Motley Fool
Here's How COVID-19 Is Affecting Near-Retirees' Outlook

Not only have investment portfolios dropped, but retirement plan values have sunk across the board. Specifically, about 37% say they won't be able to enjoy the retirement lifestyle they wanted because of the financial hit they expect to take, and a little over 40% say that COVID-19 will delay their retirement plans. If you're hoping to retire in the very near future -- say, within a year or two -- then you may need to rethink that idea, especially if your 401(k) or IRA took a massive hit recently.