The COVID-19 pandemic forced millions of Americans to temporarily reduce or halt their retirement plan contributions, and many even had to crack open their nest eggs to help pay the bills. But the nightmare that was 2020 is now behind us and a fresh year lies ahead.
If you’re looking to get your long-term financial plans back on track, or ensure that they stay on track, start by taking the following three retirement planning steps.
Now’s a great time to review your retirement account and insurance beneficiaries to make sure the right people will get your money should you pass away. If someone whom you had named as a beneficiary has died, you’ll need to pick a new one. And couples who got married or divorced in the past year will want to review all their accounts too.