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38% of Baby Boomers Worry About COVID-19's Financial Damage More So Than Health Damage

38% of Baby Boomers Worry About COVID-19's Financial Damage More So Than Health Damage

There's a reason baby boomers are particularly concerned about the state of their wealth: Between Jan. 31 and March 31 of this year, the average retirement plan balance among those in their 60s fell 10.1%. If you're a baby boomer who's suddenly worried about your retirement prospects because your IRA or 401(k) has taken a hit, perhaps the best thing you can do is sit back and do nothing.