Home Retirement Some retirement funds take direct hit from COVID-19

Some retirement funds take direct hit from COVID-19

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COVID-19 impacted different aspects of people’s lives, including retirement funds for some.

Securian Financial Group Senior Director Ted Schmelzle said employers decisions during the pandemic could strongly impact employees’ savings later.

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“It might very well be that the dollars you are investing today could be the most impactful on your life,” he said.

Schmelzle said 401(k)s are among the many things impacted by the COVID-19 pandemic. He said some employers decided to withhold from fund matching.

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Linda Barbara

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