What Happens When You Retire Earlier Than Planned?
Retiring earlier than planned can create financial insecurity. Find out how to prevent this and what to do if it happens to you.
Overview
When do I plan to retire?
This is one of the key questions most people consider when planning their financial futures. In fact, you probably set your retirement savings goals based on a specific target retirement date. You may also estimate your future Social Security benefit based on that date.
Details
But what happens if things don't work out as planned? If, say, you lose your job at 62 and can't find another one despite planning to retire at 67? Or you have to stop work at 64 instead of 70 because your spouse has a health issue?
Source
Originally published at www.fool.com.
Related Articles
Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.