4 Reasons You Might Have No Choice When To Retire (And How To Plan Ahead)

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An older couple plans their finances and looks forward to retirement.

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But factoring these possibilities into retirement savings can still keep the vision alive.

Here are four reasons you might have no choice when to retire andhow to plan.

This fund provides a cushion while you evaluate your next steps and protects long-term investments from unnecessary withdrawals.

Corporate restructuring can often lead to layoffs, putting older workers at risk.

Planning for an early retirement, even if older adults plan to work longer, can also help.

Experts said older adults also face shifting family responsibilities as they near retirement.

Nevertheless, older adults need a plan even while facing shifting family responsibilities.

However, an unplanned retirement can also cause a significant financial strain.

Ensure longevity of funds by balancing Social Security, pension and investment withdrawals, Pavone said.

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