Forced Early Retirement (Podcast)

by: SA For FAs
Summary

You have heard about non-voluntary retirement, but is it something you have made provision for?

According to a study of wide scope by ProPublica and The Urban Institute, it appears that somewhere close to 56% of Americans experience this unanticipated job loss after age 50.

What’s more, a third of this group goes on to lose two or more jobs subsequently.

This means that years assumed to be peak-earning years could end up as years of substantially reduced earnings.

According to a study of wide scope by ProPublica and The Urban Institute, it appears that somewhere close to 56% of Americans experience unanticipated job loss after age 50. What's more, a third of this group goes on to lose two or more jobs subsequently. This means that years assumed to be peak-earning years could end up as years of substantially reduced earnings.

This brief podcast (5:03) argues that foreknowledge of this trend can help us safeguard our incomes and plan for contingencies.

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