September 24, 2014
Unexpected early retirement: 8 tips
“Numerous surveys have shown that people think that they are going to retire later than it happens. The two big reasons: health issues and losing your job.”
Almost half of current retirees left employment before they planned, mostly due to health problems or disability.
“Unplanned or unexpected early retirement can create havoc with your retirement plans. Some who had to retire early weren't quite ready financially: Those five or 10 additional years of saving for retirement were no longer possible. Some may have had to take Social Security earlier than expected. And, as we all know, the earlier you take Social Security, the lower your monthly check.” Read the 8 tips on coping from Rodney Brooks in USA Today: http://www.usatoday.com/story/money/columnist/brooks/2014/09/23/retire-pension-401k-boomer/16047453/