What to do when you are dealt the early retirement card.
While most people dream of retiring at age 65 or even earlier, sometimes people are dealt the card of retiring before they are ready to. This article explores the issues of leaving the workforce before you planned to. It looks at issues such as the cost of health care which in a lot of cases is the first or second largest expense during retirement. It always talks about taking a hard look at your savings. Most Americans will need about 70% to 80% of their working income to cover each year of retirement. Social Security will fund about 40% of that amount leaving a large gap to fill. 03.26.19