Want to Work in Retirement? Life May Have Other Plans
April 15, 2020 by Michael S. Fischer
Nearly half of Americans in a new study believe they will be able to retire on their own terms because either they will be financially ready to do so or simply want to enjoy themselves while they can. They should think again.
In a survey, half of retirees said they had left work earlier than expected, the vast majority for reasons outside of their control, including 34% who reported unanticipated job loss and 25% health care issues, Allianz Life reported Monday.
“Many Americans are in need of a wake-up call about the very real possibility that their retirement start date might not be when they want it to be, particularly given the recent turmoil,” Kelly LaVigne, vice president of consumer insights at Allianz Life, said in a statement.
“Even those who consider themselves to be financially stable and on track for retirement need to plan for the impact an earlier-than-expected start date can have on their retirement years.”
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