And while in some cases retirement decisions will be voluntary, retirement may be essentially decided for some older workers due to jobs being eliminated as struggling companies restructure.
One report showed retirements of people from 50 to 65 and over have surged because of the pandemic.
And for older workers who planned to work long enough to collect full Social Security benefits but instead retire earlier, that could have permanent financial consequences.
Whereas every year you delay filing for Social Security past full retirement age brings an additional 8% until you turn 70.
When trying to figure out how to protect your retirement portfolio in the uncertain months ahead, remember that sometimes, trying to save yourself from future market volatility can result in major investing mistakes.
