3 Reasons You Shouldn't Plan to Retire in 2021
If you're tired of all of the devastation 2020 has bestowed upon us and want to look forward to a much better 2021, then you may be thinking of retiring next year. That way, you'll get to enjoy the freedom of having your days to yourself, and you won't have to punch a clock or deal with the stress of holding down a job. But while retiring in 2021 may seem like a good idea, here are three reasons to reconsider.
Unfortunately, the coronavirus outbreak is far from over, and as we head into the winter months, health experts fear it could get worse. What that means is that if you retire next year, you might spend the first six months of your so-called "freedom period" locked in your home, unable to travel or do the things you've been looking forward to in the course of your retirement planning. If that's the case, then it could pay for you to keep working, especially if you're able to do so safely, like in a remote setting or in an office that's taking major precautions, like imposing mask-wearing and social distancing. That way, you can earn some extra money and then really let loose the following year, when there's a greater chance of things getting back to normal.
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Source Fool.com
