3 Things to Know if You're Planning to Retire in Your 70s

Though retiring early certainly has its benefits, many working Americans aren't looking to go that route. Quite the contrary -- 70 or older is actually the second most popular retirement target among U.S. adults (65 is the most popular), according to data from Willis Towers Watson. Nearly 25% of Americans hope to keep working well into their 70s, whereas only 11% plan to call it quits between the ages of 62 and 64.

But while there are certainly a number of advantages to staying in the workforce till age 70 or later, there are also some hiccups you might encounter. Here are a few things you should be aware of if you're aiming to retire in your 70s.

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Source: Fool.com