A lot of people expect to work past “retirement age.” They either figure that they will need the additional income to live, or they just enjoy their work and everything that comes with it.

Planning to work in retirement is a dangerous game. Working longer can have a huge impact on your retirement situation – not only will you still have an income, but you also won’t be pulling money from your savings.

However, almost half of retirees leave the workforce before they planned to, and of those who retired early, over half left because of a personal or family health issue. That should be terrifying if your retirement income plan hinges on you working into your 70s.

If you want to work in retirement, that’s great. But you need to recognize it’s a risk. You may not have that option. You owe it to yourself to look at the situation rationally and understand just how feasible your plan is.

While 70 percent of companies say they are “aging friendly,” that doesn’t really mean all that much. Frankly, I’m curious about the third of companies that said they weren’t “aging friendly.”

You need to look at what your company and industry are doing (and can do in the future) to accommodate older workers. If you’re a lawyer, it’s more likely you can work well past retirement age. If you’re a construction worker, you probably can’t work as long.

Every situation is different, but if you’re counting on delaying retirement, you may be putting yourself at risk. To find out about some of the other things you should be thinking about, check out our ebook, Retirement Risks.

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