3 Ways to Prepare for an Earlier-Than-Expected Retirement
We're several months into the coronavirus pandemic, and millions of Americans are still struggling financially. Roughly 1.4 million people filed for unemployment benefits the week ending July 18, according to the Department of Labor, an increase of approximately 100,000 claims from the week before.
If you lose your job later in life, you have a couple of options. You could try to survive on your emergency savings and unemployment benefits for as long as possible while you search for another job, or you could retire early.
Early retirement can be challenging, because you won't have as much time to save as you would if you'd waited a few more years to retire -- but if you don't have any other options, you can still make it work. Although you may not be able to save as much for retirement, there are a few things you can do to ensure it's as comfortable as possible.
Source Fool.com
