These days, older workers and retirees are understandably concerned that their retirement plans will be disrupted by the COVID-19 pandemic and the resulting economic downturn.
There are concerns that pre-retirees and recent retirees may have about any economic downturn, and strategies that are designed to help them withstand multiple financial crises, crises that are inevitable during a long retirement. These strategies are being stress-tested by the current environment; so far, they’re faring quite well due to the high level of risk-protected retirement income the strategies can help generate.
