older couple standing outside home (Photo: Shutterstock)

The economic problems created by COVID-19 have put pressure on the finances of many retirees and those preparing for retirement. The U.S. government reported recently that as a result of the pandemic, Social Security's main trust fund is projected to deplete in 2033, a year sooner than previously forecast. The pandemic altered the timing of retirement for 69 million Americans, with one third of all Americans saying they will retire later for financial reasons. And, the crisis increased concerns among retirees and pre-retirees about rising costs for health care and long-term care.

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