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Are you taking early retirement due to COVID-19?

The COVID-19 pandemic may be forcing many workers to stay home for much longer than they want, and in some cases is turning a layoff into forced early retirement.  According to a survey conducted in January by Allianz Life titled, “2020 Retirement Risk Readiness Study,” many Americans won’t have much flexibility in choosing when they leave the workforce and enter retirement. The study found 34 percent of respondents said they left the workforce because of an unanticipated job loss and, due to the record high unemployment, they expect this number to increase when those workers are near retirement age. Read article here…

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