Lots of people have a plan on when to retire. The truth is that many people are "retired" before they are financially ready for retirement: If You’re Over 50, Chances Are the Decision to Leave a Job Won’t be Yours
This article Forced Retirement: What it is, How it Works, FAQ has a brief summary of the law and the reality.
The first link says:
ProPublica and the Urban Institute, a Washington think tank, analyzed data from the Health and Retirement Study, or HRS, the premier source of quantitative information about aging in America. Since 1992, the study has followed a nationally representative sample of about 20,000 people from the time they turn 50 through the rest of their lives. Through 2016, our analysis found that between the time older workers enter the study and when they leave paid employment, 56 percent are laid off at least once or leave jobs under such financially damaging circumstances that it’s likely they were pushed out rather than choosing to go voluntarily. Only one in 10 of these workers ever again earns as much as they did before their employment setbacks, our analysis showed. Even years afterward, the household incomes of over half of those who experience such work disruptions remain substantially below those of workers who don’t.
Forced early retirement is good for you: Forced to Retire or Laid Off! The First Steps to Take (from 2020)
Action steps you can take for a happy retirement when it arrives ahead of schedule. Forced into Early Retirement? What to Do Now! (from 2021)
If you have a 401k, company health insurance, etc. 4 Steps to Survive Forced Early Retirement (from 2022)
Retire at 59 with $500K 5 Testimonials From People FORCED TO RETIRE EARLY
These videos deal with people employed by companies with decent benefits; what is the rest of the story?
If you are "young" and reading VanLivingForum, start preparing early for an unexpected retirement. If you were retired (by your employer, illness, family, etc.), what is your story?
This article Forced Retirement: What it is, How it Works, FAQ has a brief summary of the law and the reality.
The first link says:
ProPublica and the Urban Institute, a Washington think tank, analyzed data from the Health and Retirement Study, or HRS, the premier source of quantitative information about aging in America. Since 1992, the study has followed a nationally representative sample of about 20,000 people from the time they turn 50 through the rest of their lives. Through 2016, our analysis found that between the time older workers enter the study and when they leave paid employment, 56 percent are laid off at least once or leave jobs under such financially damaging circumstances that it’s likely they were pushed out rather than choosing to go voluntarily. Only one in 10 of these workers ever again earns as much as they did before their employment setbacks, our analysis showed. Even years afterward, the household incomes of over half of those who experience such work disruptions remain substantially below those of workers who don’t.
Forced early retirement is good for you: Forced to Retire or Laid Off! The First Steps to Take (from 2020)
Action steps you can take for a happy retirement when it arrives ahead of schedule. Forced into Early Retirement? What to Do Now! (from 2021)
If you have a 401k, company health insurance, etc. 4 Steps to Survive Forced Early Retirement (from 2022)
Retire at 59 with $500K 5 Testimonials From People FORCED TO RETIRE EARLY
These videos deal with people employed by companies with decent benefits; what is the rest of the story?
If you are "young" and reading VanLivingForum, start preparing early for an unexpected retirement. If you were retired (by your employer, illness, family, etc.), what is your story?
