Many folks leave their careers before they had planned, and this type of sudden retirement can be a financial shock. Here are six strategies to help get you back on solid ground moving forward.
When it comes to retirement, expectations and reality may collide, resulting in what might seem unthinkable – sudden retirement. Unexpected retirement can throw a wrench in the best laid plans, or worse, force a need for fast planning if none exists.
- Help! I’m Afraid to Retire, Even Though I Can Afford to
While Americans anticipate, on average, to retire at age 66, the average retirement age is actually 65 for men and 63 for women. Half of retired Americans surveyed by financial services firm Allianz reported that they retired earlier than they planned. Why? Just over one-third of those surveyed reported unanticipated job losses, while one-quarter reported health care issues.
Click to read the entire article: 6 Ways to Bounce Back After Being Forced into Retirement
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