Retirement Reconsidered
The pandemic pushed 3 million more Americans than normal to leave the workforce early, a federal analysis has found. Of course, now the U.S. is struggling with unprecedented labor shortages, and experts say that it's older workers heading for the exits sooner than they should — not younger workers — who are primarily to blame. And while the state of the economy may do little to persuade older workers to stay in their jobs for a little bit longer, consider this: There's mounting evidence that early retirement doesn't translate into just a few extra years of golf, fishing, and margaritas on the beach. From your health and happiness to harsh financial realities, consider the risks of calling it quits too soon.
Related: How to Protect Yourself from Financial Ruin in Retirement