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Blog posts tagged in retirement planning
More and more individuals find it challenging to retire by age 65. A survey conducted by the American Association of Retired Persons (AARP) on 1,026 adults age 35 and older shows longer expectancy of employment beyond traditional retirement age. Most participants were full-time workers who simply cannot afford the cost of living if retired by 65. Financial uncertainties as well as health factors creates great stress for many adults working in later stages of life. As noted by AARP, “Indeed, 11 percent of these respondents say they expect to keep working into their 80s or beyond.” Employees and business owners are remaining in the workforce past retirement age in attempt to support health and living expenses. Consequently, retiring by age 65 is becoming less popular for older adults in today's society.
You worked diligently for years investing in an occupation or career of choice. Perhaps you’re years away from retirement, or a few months before the clock ticks and it’s time to retire. For most of us, it’s time to start planning for life after our working years! Ideally, retirement planning should begin early in your career. Financial advisors and career coaches can assist with various aspects of retirement.
You’ve invested years into the workforce and are now considering retirement. What factors drive some people to retire sooner or later in life? Is there a specific age-range that’s best to retire? Planning for retirement is unique for each individual’s situation and goals. Optimal timing for retirement depends on the person’s needs, aspirations, and financial position. It’s important to maintain flexible and open to new possibilities when planning for retirement.