Work It Out
Setting aside enough money for retirement is no easy task, particularly amid a pandemic and a recession. If current events are impacting your retirement savings or you were behind to begin with, you may need to work longer, possibly well into retirement years. It's a reality faced by a growing number of Americans. A November survey conducted by retirement savings platform SimplyWise found that 74% of U.S. workers now intend to work in retirement, up from 65% when the survey was last conducted in May. The same survey found that 19% of people in their 50s plan to work full-time in retirement, more than double the 8% who expressed similar sentiments in May. If working past retirement age is in your future, it's important to lay the proper groundwork. Here's how to do that.