You’ve Been Forced into Early Retirement – Now What?
These are especially tricky times for workers close to retirement age.
The COVID crisis is forcing many people who expected to work into their 60s or longer to re-evaluate their retirement plans — either because they’re worried about the health consequences or because they lost their job. And it’s difficult to say how many will return to work when conditions improve.
But pre-pandemic research shows that feeling pressured to retire earlier than planned really isn’t all that unusual — even when the economy isn’t as rocky as it is right now. The annual EBRI/Greenwald Retirement Confidencefor example, has consistently found that a large percentage of retirees leave the workforce sooner than they expected.
