More People Are Delaying Retirement -- Is It Time to Revisit Your Plan?
More people are delaying retirement or reentering the workforce right now, and anyone who's thinking about retiring soon should understand this new development before making a big decision. Macroeconomic conditions have affected some key retirement risks, making things more difficult for a lot of seniors. Consider these key trends to ensure that your plan is still on track and that you're financially prepared to stop working.
Surveys suggest that people are citing inflation and longevity as concerns that have caused them to delay retirement. Many people are also concerned about the availability of Social Security benefits further down the road, which contributes to income insecurity. Stock market volatility is also a concern for people early in retirement -- it's hard to feel secure if your investment account values are uncertain.
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Source Fool.com
