The plan would give Americans the option of an advance payment of up to $5,000 that delays Social Security benefits by three months once the individual entered retirement.
It’s no secret that the lockdown caused by the COVID-19 outbreak has absolutely obliterated the sentiment of many small businesses around the U.S.
Retirement plans seem mostly intact, though that could change depending on how the economy recovers from the COVID-19 lockdown that is still in effect for much of the U.S.
A recent study from Fidelity showed 401(k) retirement accounts fell by an average of 19% to $91,400 during the first quarter of 2020.
The 14.7% unemployment rate is the highest reported since the Great Depression of the 1930s, but it still isn’t stopping investors from piling into the stock market.
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