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October 19, 2020

Suddenly retired? Here's what to do next

  • Even those with substantial retirement accounts can make hasty decisions that cause them to run short of money.
    • By LIZ WESTON
    NerdWallet

    The pandemic seems to be driving a surge of early retirements as businesses close or downsize and older people weigh the health risks of continuing to work.

    The share of unemployed people not looking for work who called themselves “retired” increased to 60% in April from 53% in January, according to a study by three economists. The study was done in the early days of the pandemic, well before tens of thousands of businesses nationwide closed permanently and others began offering early retirement packages to trim their workforces.


     
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