Reported about 13 hours ago
Many people plan to retire at 65, but less than 30% actually do, with most retiring by age 62. According to experts, factors such as downsizing and health issues can impact retirement timing, making it essential to have a flexible backup plan. Additionally, many workers choose partial retirement, balancing income with savings. Retirement spending is also nonlinear, increasing due to lifestyle changes and rising healthcare costs in later years. It's crucial to factor in these elements to ensure financial stability in retirement.
Source: YAHOO