The Pandemic Recession Won't Kill Your Retirement Plan -- But Here's What Will

The Pandemic Recession Won't Kill Your Retirement Plan -- But Here's What Will

Amidst great political uncertainty, social discord, and widespread economic strife, many people have felt that their chances of ever retiring are becoming slimmer by the day. It's now as important as ever to return to the basics of what actually will impact your odds of a financially successful retirement. Contributing the annual maximum -- currently $6,000 -- to your Roth IRA as early on in the year as possible (or a backdoor Roth IRA if you are not within the income limits) should be considered an emergency.