Should You Delay Retirement? Ask Yourself These 4 Questions to Find Out
If you've been part of the workforce for quite some time, chances are, you're looking forward to retirement and the more laid-back lifestyle that comes with it. In fact, you may even be planning your escape from the workforce imminently. But in some cases, postponing retirement could make your golden years far more enjoyable. And these key questions will help you determine whether that's the right move.
Social Security only replaces about 40% of the average earner's pre-retirement income. Most seniors, meanwhile, need around double that amount to live comfortably. That's why you'll need to take a serious look at your savings before moving forward with retirement. If they're not up to snuff, you may need to work a bit longer to boost your nest egg.
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Source Fool.com
