How Long Should I Delay My Retirement?

Nearly 68 million Americans are reconsidering when they're going to retire, according to a recent Edward Jones survey. Many are going to remain in the workforce longer than planned because they've seen their retirement savings plummet and they may have had to tap these funds early to cover some of their expenses. But that raises an interesting question: How long do you need to delay retirement in light of COVID-19?

The average answer was about 3.3 years for those Edward Jones surveyed, but it could be shorter or longer for you. It depends on how much COVID-19 has affected your finances and your mindset about how much you need to save for retirement. Here's what you need to know to decide if delaying retirement is right for you and how long you should delay to ensure a secure retirement.

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Source Fool.com