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Plan Administrator, Defined Benefit & Cash Balance The Pension Source
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Retirement Relationship Manager MAP Retirement
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Despite COVID-19, Retirement Savers Protect Their Accounts
Investment Company Institute [ICI]
Feb. 3, 2021 "A strong majority (65 percent) of US individuals did not take financial actions as a result of COVID-19.... Actions that drew on retirement accounts were the least common responses: 6 percent of individuals reported taking withdrawals from 401(k)-type retirement plan accounts; 3 percent took withdrawals from individual retirement accounts (IRAs); and 3 percent took loans from 401(k)-type retirement plan accounts as a result of COVID-19." |
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