People get into trouble when they let their emotions destroy their financial plans, like when they let fear push them into panic selling their investments during a stock market free-fall. This is similar to and related to the COVID-19 panic now disrupting lives and markets worldwide.
Where do you set aside the money you’re saving for retirement? You likely save for retirement primarily through an employer’s retirement plan. Unfortunately, less than one-half of private sector employers sponsor retirement plans. In part, that may be because of a misconception among smaller employers that think sponsoring a retirement plan is too expensive.The fact is there are workplace retirement plans developed specifically for smaller employers.