Are You Dreaming of an Early Retirement? The Earlier You Retire, The Greater The Risk, Experts Warn
Life may be short, but early retirement might be, too, if you don’t have a solid financial plan for life after work.
Whether it’s due to pandemic burnout, a new attitude on life or an optimism fueled by surging stock and real estate markets, more Americans appear to be retiring early, based on U.S. Bureau of Labor Statistics data.
The labor participation rate for Americans over age 55 ticked up 0.7% in January to 39.1% but remains well below the 40.3% recorded in February 2020 and has recovered more slowly than the rate for the general population.