We have been following the devastating effects of the current COVID-19 crisis, and while the human cost is far more important, there is also an economic component that is affecting everyone. Many individuals have lost their jobs, businesses are on the brink of economic collapse, and our healthcare system is being stretched to its limits. We hope that everyone stays safe and that things will return to normal in the near future.
We have been getting a lot of questions from individuals about whether their retirement plan is at risk due to the current crisis. While we do not know how long the current shutdown will last, we thought it would be helpful to post some facts about the protections in each type of pension plan.
