People Are Retiring Earlier Than Expected

[tsptalk]

"Most people don’t plan on retiring before age 60, yet a surprisingly large number find themselves doing so — and they aren’t happy about it. The 2009 Retirement Confidence Survey found that while only 9% of workers planned to retire before age 60, 35% actually did.

That may seem like good news, but it’s not — because 90% of early retirees had negative reasons for retiring."...

More: http://www.ricedelman.com/cs/education/email_update_12/09_retiring_early

 

[James48843]

Great article- good find.

I've known quite a few people over the years that had to retire sooner then they planned, because the developed health problems, or had something happen they weren't expecting. Best to try and save as much as you can, just in case.

 

[alevin]

A number of our agency's personnel and fiscal people chose premature retirement rather than leave homes and family and relocate from all over the country to a single national centralized office set up in Albuquerque just for them a short handful of years ago. Operations are still messed up due to the transition. Had a huge agency braindrain with that little maneuver in the name of "efficiency".