2023 Recession Alert & 401k Crisis Report - Your Retirement Is At Risk - CLICK HERE!
More than 50% of American households have suffered losses to their retirement savings due to the economy. Experts predict the economy to get MUCH WORSE and are calling for gold and silver to significantly increase in value while the stock market tanks. Investing in gold and silver today may save your retirement account for years to come.
Free Guide - Learn How To "Recession Proof" Your Retirement Before Things Get Worse

How long should I continue working before retirement?

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  • Make sure you can afford it: Don’t stop working until you can afford to – as long as you are healthy.
  • Work until full retirement age: Aim to work at least until your full retirement age (66-67). This produces many benefits, including:
    • Larger monthly Social Security payment: By delaying taking Social Security, you will receive a larger monthly payment, and all Social Security retirement benefits are adjusted for inflation.
    • Increased savings: You can keep adding to your retirement nest egg instead of depleting it too quickly.
    • Health care: You will keep your employee health care and other benefits longer.
  • Plan ahead: Assume you may have to spend less once you retire. Some costs will be higher and your disposable income may decrease due to inflation.
  • Phased retirement: If you are considering phased retirement, know what impact scaling back will have on your retirement income, retirement benefits, health care coverage, job security and other life situations.
  • Work part time: Consider part-time work as a good way to supplement your retirement income.
  • Be cautious of buy-outs: View buy-outs with caution and evaluate lump sums carefully: A lump-sum payment may be attractive, but ongoing payments could have more advantages in the long run. Income taxes are spread out over time and payments provide an ongoing “paycheck.”