Planning to Keep Working in Retirement? Why You Need a Backup Plan.
The traditional view of a work-free retirement is fast becoming a relic of prior generations. In the 2022 Retirement Confidence Survey by Employee Benefit Research Institute (EBRI), 70% of workers expected their paychecks to be a source of retirement income.
The benefits of continuing to work are clear. You can keep contributing to your retirement account as you delay your retirement contributions. Working longer may also allow you to put off collecting Social Security -- which will give you a higher benefit later.
Unfortunately, working deep into your retirement years may not be a realistic plan.
Source Fool.com
