21% of Workers Are Making This Dangerous Move Amid the COVID-19 Pandemic

Suddenly, Americans across a range of income levels are being forced to make difficult choices -- decisions that could impact their long-term financial well-being. If your income has dropped over the past few months, or you're simply concerned about preserving your income, you may be thinking of reducing or halting your retirement plan contributions. Around 21% of Americans who are 10 years or more away from retirement have either cut back on or suspended contributions to their IRAs or 401(k)s because of the pandemic, reports Personal Capital in a new survey.