Retirement questions

Rebooting retirement planning post Covid-19

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In a recent survey to assess the impact of Covid-19 on retirement planning*, 66% of respondents stated that the lockdown had affected them financially. Among the steps they had to take to stay afloat were: Finding another source of income Making special arrangements with creditors to pay their bills Asking family and friends for financial assistance. Over one-third of respondents dipped into their retirement savings. While some saw this as ‘borrowing’, a quarter of those who used their savings believe it is a permanent disinvestment or loss – which doesn’t […]