Will You Be Forced to Retire Early?

Things don't always work out as we planned. If your financial plan assumes that you'll retire at a certain age, but something forces you into retirement sooner, you could end up running short of money. And don't think that it can't happen to you -- the Transamerica Center for Retirement Studies discovered in a recent retiree survey that 60% of the respondents had retired earlier than they'd planned.

If you were laid off at age 60, what are the odds that you'd be able to find another job? Unfortunately, they're probably pretty slim. According to the Transamerica Center survey, two-thirds of those who retired early did so because of employment-related reasons. Health problems were the second most commonly cited reason, while only 12% of those who retired early did so because they had more money than they'd expected and could afford it.

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Source: Fool.com