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older couple in vacation gear looking unhappy (Photo: Shutterstock)

COVID-19 is having a fundamental impact on retirement, according to a study by Principal. One in five respondents said the effects of the pandemic were “changing the definition of retirement,” including 23% of people who were already retired.

The study highlights an additional challenge retirees have today. In addition to the stresses of transitioning to a new life stage, the pandemic has introduced new challenges. Not being able to travel or see family members has left retirees wondering what they’ll do when they’re not working.

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Danielle Andrus

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