3 Reasons Why 2021 May Be a Bad Year to Retire
If you chose 2021 as the ideal year to retire some time ago, you might be inclined to move forward with your plans despite the craziness of the past year. In fact, given the events of 2020, you may be more eager than ever to leave the workforce and enjoy your freedom. While you may be looking forward to retiring in the coming year, here are a few reasons to reconsider.
Lawmakers just passed a second relief bill to provide aid during the pandemic. The bill includes $600 stimulus checks, which could serve as a lifeline for struggling Americans. But a single round of aid won't save the economy, which will likely be in bad shape for the better part of 2021. As a retiree, that may not impact you -- after all, if you intend to leave your job, the unemployment rate won't necessarily top your list of concerns. An unstable economy could impact stock values, though. That could prove problematic if you'll rely on your IRA or 401(k) plan once your paycheck goes away.
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Source Fool.com
