COVID-19's Impact on Retirement Plans Highlights the Importance of Age-Appropriate Investing
COVID-19 has been battering the U.S. economy since cases started multiplying in March. Three months later, unemployment levels are still at a record high, and millions of Americans are grappling with financial uncertainty.
COVID-19 has also done a number on the stock market over the past three months. Though stocks have regained much of the value they lost earlier on in the year, when our first bear market in over a decade hit, investment account and retirement plan balances are still down across the board.
What's interesting about the latter, though, is the way those paper or on-screen losses played out by age group. In a recent Personal Capital survey, here's how much value retirement plans lost between Jan. 31 and March 31 of this year:
Source Fool.com
