For many people, the coronavirus pandemic disrupted retirement plans.

The stock market crashed after the pandemic struck but quickly recovered during the remainder of 2020.

Provision Brokerage CEO Eric Couch, a retirement specialist, said people considering retirement should put together a budget.

The budget should include Social Security payments, pensions and other retirement income. If projected expenses are higher than income, investing retirement savings in a relatively safe asset, such as an annuity, may make sense.

Watch the video for the full story.