‘just One More Year’: Here are 3 Reasons Why Delaying Retirement Might be Bad for You

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below. It's never easy to let go, especially if you're considering letting go of something you've held onto for nearly four decades That's why so many people struggle to take

Moneywise and Yahoo Finance LLC may earn commission or revenue through links in the content below.

It’s never easy to let go, especially if you’re considering letting go of something you’ve held onto for nearly four decades

That’s why so many people struggle to take the final leap out of their career and into retirement. Delaying the decision to quit work by “just one more year” seems financially savvy on paper. After all, why not add another full year or two of income, Social Security contributions and investments to make your nest egg go from good enough to perfect?

Top Picks – – – The IRS usually taxes gold as a collectible — but this little-known strategy lets you hold physical bullion tax-free. Get your free guide from Priority Gold But delaying retirement even after your financial advisor has told you it’s practical has real implications. Here are the top three serious and hidden costs of working too long. 1: The cortisol tax Life expectancy isn’t the same as healthy life expectancy.

Leave a Reply

Your email address will not be published. Required fields are marked *