Planning to delay retirement may not rescue you from poor savings

Published On Sep 17, 2024, 1:20 PM

The article discusses the growing trend of Americans planning to delay their retirement to improve their financial security. However, data suggests that many individuals actually retire earlier than expected, often due to health issues or layoffs. This reality can make the assumption that working longer will solve financial shortfalls dangerous. The article highlights the benefits of working longer, such as delaying withdrawals from retirement savings and increasing Social Security benefits, but it warns that relying on this strategy can be risky.