Title | Retiring earlier than planned: What matters most? |
Publication Type | Report |
Year of Publication | 2019 |
Authors | Munnell, AH, Rutledge, MS, Sanzenbacher, GT |
Series Title | Issue in Brief |
Document Number | IB#19-3 |
Institution | Center for Retirement Research at Boston College |
City | Newton, MA |
Keywords | Health Shocks, Retirement Planning & Satisfaction, Wealth Shocks |
Abstract | The brief’s key findings are: More than a third of older workers retire earlier than planned: the question is why? This study looks at: 1) the impact of unexpected changes in health, employment, family, and finances on early retirement; and 2) the prevalence of these shocks.The findings suggest that: Health shocks play the largest role, mainly because they are widespread.Job loss without finding a new job, while not as prevalent, is also important. A key caveat is that all the shocks combined explain only about a quarter of earlier-than-planned retirements, so clearly other factors are also at play. |
URL | https://crr.bc.edu/briefs/retiring-earlier-than-planned-what-matters-most/ |
Citation Key | 10090 |