Released: January 26, 2021

Seniors face shrinking nest eggs during pandemic

Source: Sally Herships - NPR (Paid Registration)

Senior citizens are increasingly finding themselves with new responsibilities and a lot of hard choices because of the coronavirus pandemic.

Those who have savings have to decide if they should dip into their accounts early, potentially eating away at funds they'd earmarked for later. Others are having to calculate how starting to receive their Social Security payments earlier than planned could reduce their checks in the future.

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