As markets fluctuate and employees’ financial needs evolve, traditional retirement plans aren’t enough to secure a worker’s financial future anymore.
After a year of COVID-19 lockdown, tens of millions of employees have been thrust into economic turmoil. More than a third of workers have had to pull money from their retirement accounts in order to pay their bills, according to the Pew Research Center. Half of workers say the pandemic has made it more difficult to reach their long-term savings goals, Pew found.
