4 Ways to Get Your Retirement Plan Back on Track

When it comes to our finances, 2020 has been a year marked by stock market volatility and our current recession. If you’re in a bad spot financially, there are four moves to make now to get your retirement plan back on track.

(Image credit: Getty Images)

The COVID-19 pandemic has spurred record unemployment, stock market volatility and a recession. After more than a decade of financial stability on Wall Street, many people are now feeling anxious about their financial futures. In fact, new numbers show 62% of Americans are more concerned about their retirement today than a year ago.

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

This article was written by and presents the views of our contributing adviser, not the Kiplinger editorial staff. You can check adviser records with the SEC or with FINRA.

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

Tony Drake, CFP®, Investment Advisor Representative
Founder & CEO, Drake and Associates

Tony Drake is a CERTIFIED FINANCIAL PLANNER™ and the founder and CEO of Drake & Associates in Waukesha, Wis. Tony is an Investment Adviser Representative and has helped clients prepare for retirement for more than a decade. He hosts The Retirement Ready Radio Show on WTMJ Radio each week and is featured regularly on TV stations in Milwaukee. Tony is passionate about building strong relationships with his clients so he can help them build a strong plan for their retirement.