You spend decades of your life working toward the goal of retiring someday. There’s a ton of guesswork involved about when it will happen, how much you’ll need each year and even how long you’re expecting to live.
But when retirement happens sooner than you anticipated — due to a layoff, health issue or some other life event — your decades of retirement planning gets thrown off course.
Suddenly, your time to save is over. Now you have to make less money last even longer than you’d imagined.
10 Steps to Take When You’re Forced to Retire Early
Whether you’ve been forced to retire early due to circumstances beyond your control or you’re preparing for a worst-case scenario, know you still have options for a financially sound retirement. Follow these steps to help you adjust your plans.
1. Find Affordable Health Coverage
When you have to retire early, you’re hit