Planning for Retirement in the New Normal of Covid-19

Here are four ways we all need to adapt to keep our financial plans on track as the nation grapples with the coronavirus pandemic.

(Image credit: Getty Images)

There is a lot of talk these days about the “new normal,” which might be more accurately described as not normal. COVID-19 has impacted many aspects of our daily lives and if you’re nearing or in retirement, you may be wondering if it will impact your retirement plan. Below are a few items to consider as we navigate these uncertain times.

1. Understand the impact of sequence-of-returns risk

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Joe Vietri, Charles Schwab
Branch Network Leader, Charles Schwab

Joe Vietri has been with Charles Schwab for more than 25 years. In his current role, he leads Schwab's branch network, managing more than 2,000 employees in more than 300 branches throughout the country.