154: Early Retirement, Part 1

Learn reasons Americans don’t retire when they want to, how many retire unexpectedly, and how confident they are or aren’t about affording a comfortable retirement.

About 45% of Americans are retiring earlier than they expected and also 45% are retiring about when they planned.

5% are retiring later than expected.

Why people retire earlier than planned:

1. Hardship 60% 2. Able to afford it 35% 3. People desire to do something else 25% 4. Company changed, downsized or closed 5. Other work related reasons 6. Care for a family member 7. Change in required skills