Around Half of All Retirees Leave Work Earlier Than Expected. Here's What That Means for You.
For many Americans, working into their 60s and 70s is a part of their retirement plan, often because of financial concerns. Unfortunately, according to data from Employee Benefit Research Institute, around half of all retirees end up leaving work earlier than they planned.
Forced early retirement can cause big problems, especially if you have to claim Social Security early and reduce your benefits. With less time to grow your balance and more time for your savings to support you, you could end up in dire financial straits. To head that off, there are a few steps you should consider in case you end up having to retire earlier than planned.
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Source Fool.com
