Is the coronavirus impacting your plans for retirement?

[milestogo]

Do you still plan to retire?

[NightWatcher]

1. If I get it, I probably won't live long enough to...

[Jersey Devil]

2. I AM retired and the virus is killing my 401

It has gone down in value about 25% since the beginning of March.

[ProudMNDemocrat]

3. So far, so good.

My husband pulled more of our retirement funds into money market accounts. Over 60% protected.

He has retirements from IBM, the Military, a small manufacturing company in town, plus SS. We have cut way down our food portions so that groceries last longer, do errands when needed, order takeout from our favorite places to support local businesses.

I have sewing commissions on the schedule that are still on. Alterations as they come in. Been making masks this past week. Staying home.

[5X]

4. I got lucky, retired last October.

If not, I would be infected for sure. I was repairing laptops and they can be filthy.

[C_U_L8R]

5. I'm holding my breath.

And will either breathe easier or pass out when this is all through. I'm optimistic that it could bounce back most of the way. Some might even do well on the way back up.

[unblock]

6. i was figuring i could retire at about age 75. now it's more like 85.

judging by my 301k, anyway.

[Happy Hoosier]

7. I'm 54. No impact yet.

And like any reasonable person, I intend to move my safer assets as retirement date approaches.

I moved my daughter's college fund out of stocks last year. Congratulating myself on that. Still took a little hit, but not plans-changing hit.

[gibraltar72]

8. No I plan to stay retired.

[Hugin]

9. +1

[Abnredleg]

10. I'm retiring May 1st

I'm a government employee and have a traditional pension that’s not affected by the short term market swings. My 401k and 457 took a hit but not too bad since I shifted to a more conservative asset allocation (55% stock) 18 months ago. I was also mentally subtracting 20% from the total since we were due for a recession. It also helps that my wife has a stable job and won’t retire for another year.

[Tracer]

11. I have been working steadily all my life.

But, a month ago, I turned 80 and decided that I can semi-retire.

I've not taken any funds from my IRAs or savings except for two emergencies.

I was planning to start taking out some funds --- but now I don't dare. I'll see how far I can go on just SS payments. Luckily, I have no debts and my house is long paid-for.

[lettucebe]

12. We've been talking moving to Panama or Costa Rica

but with Mexico ignoring the virus pretty much ruins plans to drive down.

[Brainfodder]

13. That made me laugh for some reason?