Why Coronavirus can Drastically Alter Boomer Retirements – Daily Access News

Why Coronavirus can Drastically Alter Boomer Retirements

“The best-laid plans of mice and men often go awry.” When Robert Burns wrote those famous words in 1786, he may well have been looking into the future to May of 2020. By the time the Coronavirus has runs its course, Burns’ words will likely have a profound meaning to millions of baby boomers (born between 1946 to 1964) who are in or headed towards retirement.

Along with attacking the health of Americans and people all over the world, the Covid-19 virus has been the proximate cause of a devastated economy in the U.S. In just three short months, the damage has been profound enough that it will surely leave the country digging out of its economic hole for months, probably years. Also, it has likely caused an equal amount of devastation to baby boomers who are retired or close to retiring.

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