Helping Workers Rebuild Their Retirement Savings Post-Pandemic
Plan sponsors should stress the need to save for retirement and allay fears about market volatility, among other things.
Reported by
Art by A. Richard Allen
Many workers might have tapped into their retirement savings or cut back on or completely eliminated their contributions due to the coronavirus pandemic. And some employers might have cut back on or suspended their matches as well. Some workers might have panicked when the markets tumbled in March and even gone so far as to take their money out of the market and been too afraid to get back in, thereby losing tens of thousands of dollars of retirement savings.