As the coronavirus pandemic has progressed, older adults have seen a dramatic drop in their retirement savings. Market losses and uncertain prospects for stability and work have led to deep anxieties about the future.
Younger workers, also stressed, have time and the power of compounding on their side. But retirees and pre-retirees face critical near-term decisions about their financial futures, all while grappling with the immediate health threats of the pandemic.
On Tuesday, April 28, 2020, a panel of experts addressed how the crisis may transform retirement and investment.
Paul Irving, Chairman, Milken Institute Center for the Future of Aging
Marcie Frost, CEO, CalPERS
Michael Milken, Chairman, Milken Institute
Penny Pennington, Managing Partner, Edward Jones
Michelle Seitz, Chairman and CEO, Russell Investments