Could you afford to retire ahead of schedule—and would you want to?
Since the start of the COVID-19 pandemic, labor force participation has fallen further among workers age 55 and over.1 The reasons have varied from workplace safety concerns, to retirement accounts flush with cash, and the acceleration of early retirement programs among nonprofit employers from higher education to healthcare.
If you're thinking about retiring earlier than expected, now is the time to put a plan in place to ensure you will have sufficient income throughout retirement. That's where a professional financial advisor who is familiar with your retirement benefits can help. An advisor can assist you in thinking through your choices so you can make the decisions that are right for your family and your future.
Below are five key questions to help you get started: