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Unexpected Retirement

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personal-finance2 years ago

Top Retirement Disruptions for Seniors.

A recent survey by Edward Jones found that almost half of today's retirees (48%) face unexpected challenges in retirement, including the death of a family member or close friend, personal health issues, a partner or spouse's health challenges, financial setbacks, and unexpected retirement. Retirees should consider working with a financial advisor to plan for these common setbacks, acquire supplemental medical insurance, and invest in long-term care insurance. The study also showed that unexpected retirement can become a financial setback, so prospective retirees should factor it into their financial planning.