Retire or Keep Working? The Healthy Answer Isn’t That Simple

How should we think about when to retire and what it might mean for health? [Image] Your Daily Wealth Health Alerts! - [How COVID-19 Is Hurting Workers’ Retirement Prospects]( Twenty-one percent of U.S. workers in a new survey say their confidence in their ability to retire comfortably has declined, and only 27% are highly confident they will be able to fully retire with a comfortable lifestyle, according to Transamerica Center for Retirement Studies, a nonprofit organization. - [Early Retirement Might Be Possible]( You’ll never know if you’re ready for retirement unless you ask. It might be a possibility to choose to retire early, but first, you’ll need to crunch some numbers. Remember that people are living longer today than our parents or grandparents — that means our savings need to last longer, as well. On the opposite side of wanting an early retirement, people sometimes might be forced into early retirement due to job loss or cutbacks. - [How to Claim Up to $2,000 in Free Money for Retirement With the 2021 Saver's Credit]( The Saver's Credit, formally known as the Retirement Savings Contribution Credit, is designed to encourage low- to middle-income taxpayers to save for retirement. We'll get to the qualification rules later, but the idea is that the credit can be worth as much as $1,000 per year, per person (married couples can get a credit of as much as $2,000). Depending on their income, the credit can be worth 10%, 20%, or 50% of contributions made to an eligible retirement account, up to a maximum of $2,000. - [Retire or Keep Working? The Healthy Answer Isn’t That Simple]( Scientific literature appears no less divided at first glance. For instance, various studies conducted in the United States, Austria, Greece and Denmark all found a link between working longer and reduced mortality risk — which roughly means that within the follow-up period of a particular study (say, five years or 10 years), certain people were less likely to die than they would otherwise be expected to If {EMAIL} should not be subscribed or if you need to change your subscription information for Wealth Health Alerts, [please use this preferences page](. 21215 Burbank Blvd, STE 600 Woodland Hills, CA 91367