Retirement Weekly: COVID-19’s unspoken impact on retirement finances

This post was originally published on this site

There’s an elephant in the room when discussing COVID-19’s impact on retirement finances: Death.

Most only indirectly acknowledge this elephant’s existence, by asking—under their breath—whether coronavirus-related deaths will increase enough to significantly reduce the liabilities otherwise faced by Social Security and public and private pension plans. If so, the pandemic could actually improve their long-term solvency.