How to Improve Your Odds of Retiring on Schedule
You probably have a retirement age in mind, but how likely are you to actually retire then? A recent TD Ameritrade survey crunched the numbers on this and found that the average chosen retirement age among adults 40 to 79 was 67, but the likelihood of actually retiring at that age was only 67%. That means about one out of every three people won't retire when they planned.
There are two possible reasons for this. A person might be forced into an unplanned early retirement due to job loss, an illness, or a family emergency. Or you might not have enough money saved by your planned retirement age and have to continue working a little longer. Neither case is ideal, and unfortunately, there's no way to be sure it won't happen to you. However, you can reduce that risk by taking the following steps.
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Source Fool.com
