Will Age Discrimination Get in the Way of Your Retirement Plans?
Some people have the goal of retiring early, and there are certainly benefit to making a workforce exit at a younger age. But early retirement can pose different challenges.
When you retire early, you put extra pressure on your savings to last as long as you need them to. You also risk having to bridge a health coverage gap until Medicare eligibility kicks in. And you may end up claiming Social Security ahead of full retirement age in conjunction with early retirement, thereby resulting in a lower monthly benefit for life.
As such, you may decide that you don't want to retire early, but rather, on time or even on the later side. Data from Zippia finds that 67% of workers aged 40 to 65 today intend to keep working past their 66th birthdays. But unfortunately, age discrimination issues in the workplace might thwart those plans.
Source Fool.com
