TD Ameritrade: 71 Percent of Americans Predict Retirement Plan Changes

TD Ameritrade: 71 Percent of Americans Predict Retirement Plan Changes

Due to Covid-19, 71 percent of Americans anticipate the pandemic to impact their retirement plans, with Gen X expecting to be hit the most (76 percent), according to a recent survey conducted by TD Ameritrade.

Other highlights:  

  • 51 percent of those surveyed say they are more open to look for a job in retirement in order to save on costs;
  • 72 percent will prioritize saving for retirement once the Covid-19 pandemic is over;
  • 76 percent agree that receiving another stimulus check would be helpful in staying on track with their retirement savings.
  • 46 percent anticipate a financial impact on their retirement due to the Covid-19 pandemic; and
  • 32 percent mistakenly believe that they need to repay their stimulus check next tax season.