19.01.2020 19:18:00

You Won't Believe How Many People Retire Sooner Than They'd Like to

Retirement is a milestone that many people plan for diligently. But sometimes, the best-laid plans can be upended when life throws a curveball your way. The result? You might wind up retiring sooner than you're ready to, which really isn't a good thing at all.Forced retirement probably happens more often than you'd think. In a recent TD Ameritrade survey, a good 50% of retirees said they left the workforce earlier than they would've liked, and for many of them, the reason boiled down to health issues.Now if you start saving for retirement at a fairly young age, you may be in a strong position to cope with an early workforce exit without it upending your financial plan. But if you were counting on saving heavily in your late 50s and 60s, and that option is suddenly pulled off the table, you may be out of luck. That's why it's so important to start funding a retirement savings plan from a young age. That way, the shock of forced retirement may not be quite as painful.Continue reading
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