I saw the article title “Premature Retirees” the same week I meet with a client who has technically retired in November when she was laid off from her job.
It seems that there is a new survey says that most Americans are retiring earlier than they want to.
TIAA and Ipsos surveyed workers and retirees, and found that on average, workers think they’ll retire at around 62. But the average age at which retirees actually left the workforce is closer to 57, and most said that they wished they’d saved more — or sooner.
According to an Economics Professor Teresa Ghilarducci – “They are retired because their employer forces them out,” she said, in favor of a younger, and maybe cheaper, employee. “Or they’re laid off.”
Another common cause it Health…
Their own or to take care of another family member.
We all have to take responsibility for our own future. Hell, I lost a job every time I had a kid. So, I stopped having kids and created my own opportunity.
Have plans, have back-up plans for when your plans fail or falter.