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Dealing with COVID-19's massive impact on employers, employee benefits, 401(k) and pension plans, health insurance, and more.

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Dan Keady, CFP, RMA, Chief Financial Planning Strategist, TIAA

Right now, retirement plan sponsors are steeped in stress. Some are trying to decide whether to halt company matches, others are wrestling with provisions in the CARES Act, as well as additional new legislation and regulations. Their employees are stressed out, too – not the least of which because near-retiree plan participants are watching the assets they so painstakingly built take a huge dive, while other participants are trying to decide whether to take a plan loan or seek another way to avoid going under financially.

We asked a financial professional with decades of experience for his take. Dan Keady, CFP, RMA, is Chief Financial Planning Strategist at TIAA, and his core belief is that making complicated financial planning choices clear and understandable can help people reach their financial goals.  (Some responses have been edited to fit format.)

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C.J. Marwitz

C.J. Marwitz is a writer and editor.

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