{"id":6383,"date":"2024-10-21T15:25:37","date_gmt":"2024-10-21T15:25:37","guid":{"rendered":"https:\/\/finderica.com\/you-might-be-forced-to-retire-earlier-than-you-think\/"},"modified":"2024-10-21T15:25:37","modified_gmt":"2024-10-21T15:25:37","slug":"you-might-be-forced-to-retire-earlier-than-you-think","status":"publish","type":"post","link":"https:\/\/finderica.com\/?p=6383","title":{"rendered":"You Might Be Forced to Retire Earlier Than You Think"},"content":{"rendered":"\n
\n

\"ScoreCard<\/p>\n

As we get older, a lot of us say to ourselves, \u201cI can\u2019t afford to retire. I\u2019ll work until I\u2019m 70.\u201d Or even simpler: \u201cI\u2019m never<\/i> retiring. I\u2019ll just work till I\u2019m dead.\u201d<\/p>\n

But the truth is, it rarely works out that way. The reality is, a lot of us will have to quit working earlier than we expected \u2014 either because of health problems or because we can\u2019t get hired anywhere.<\/p>\n

That may be a bummer, but that\u2019s how it is. That\u2019s one of the lessons we took away from a new survey of workers and retirees by an organization called the Employee Benefit Research Institute.<\/a><\/p>\n

More than half of the retirees said that, because of circumstances beyond their control, they had to retire earlier than they\u2019d planned.<\/p>\n

Active workers are expecting to retire at a median age of 65. However, actual retirees reported that they really stopped working at a median age of 62.<\/p>\n

In other words, be prepared: You might have to retire earlier than you think.<\/p>\n

\n
\n

7 Ways to Make Money if You Hate People<\/h3>\n

Do you avoid people too? In the past, there was almost no way around working with people if you wanted to earn a living, but things have changed.<\/p>\n

Our team has compiled a list of creative ways<\/a> you can fatten your bank account this month, without having to put up with people.<\/p>\n

Enough small talk. Here are some ways<\/a> to earn extra cash, without all of the social stuff.<\/p>\n<\/div>\n<\/div>\n

\u201cThere are a number of reasons people end up retiring earlier than they expect,\u201d said Craig Copeland, a research director at EBRI, a nonprofit organization based in Washington, D.C.<\/p>\n

\u201cA lot of people get sick or become disabled, or there are changes at their job involving a layoff or a reorganization. The job they thought they could keep forever isn\u2019t there anymore, and it\u2019s harder to get a new job when you reach retirement age.\u201d<\/p>\n

\n\t\t\t\t\t\tWant to save for retirement but don\u2019t know where to start? Our guide breaks down savings strategies by age and shows you how to make your retirement a priority.
\n<\/span><\/div>\n

The Gap Between Expectations and Reality for Retirees<\/h2>\n

This survey polled 1,320 workers and 1,217 retirees in January 2023. Its findings match up with what the organization\u2019s surveys have found in previous years. \u201cThe numbers really haven\u2019t budged,\u201d Copeland said.<\/p>\n

Among the questions asked was, \u201cDid you retire earlier than planned, and if so, why?\u201d<\/p>\n

The results show a big gap between workers\u2019 expectations and how things actually played out for retirees. Among the findings:<\/p>\n