I, like most of you, become very discouraged when I look at the number of unemployed workers, especially because I know that the older we are, the less likely we will be rehired. As this week’s article reminds us, “if older workers cannot get rehired, they start to drain their savings sooner than expected and claim Social Security benefits a lot sooner than they wanted. And we know what that means.” “Collecting Social Security at age 62 instead of full retirement age reduces lifelong benefits by over 30%.” There are things you can do to maneuver through the crisis. Call us, we’re always here to help and we have some ideas you may not have thought about.
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This commentary was created by a third-party for the Agent’s use. NTM 08-27.