Social Security Report

Experts warn the earlier you retire, the greater the risk - AMAC & CNBC

U.S. Bureau of Labor Statistics data suggest more Americans are retiring early. Covid changed many people’s thinking about retirement. Fatter bottom lines in people’s portfolios and surging home prices for those that bought years ago created more opportunities to retire early. But these new opportunities come with risks for all but the wealthiest Americans — and the earlier you retire, the greater the risk, as Andrew Osterland explains in this CNBC piece. The three biggest variables in the mix are health and longevity, the performance of investment markets, and the level of inflation through retirement. Christine Benz of Morningstar advocates working longer– “When you continue earning income, you don’t have to tap your investment portfolio and you increase your future Social Security benefits.” Full piece here.

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