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collage of lit up letters spelling Annuity and symbols near it (Photo: Shutterstock)

The SECURE Act – a law aimed at easing Americans’ transition into retirement – turns one year old this December. This milestone sheds a light on how the retirement landscape has changed since the Act was first passed in 2019 due to the impacts of the COVID-19 pandemic.

From stock market volatility to widespread layoffs and business closures and lockdowns, workers nearing retirement are now struggling to take the step into retirement in the wake of the pandemic – and this is concerning for plan sponsors.

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