Latest News
Retiring early because of the coronavirus pandemic
According to a recent paper from the University of Chicago, one of the primary reasons people who lost their jobs as a result of the virus are choosing not to look for new work is because they decided to retire early. The report continues to state “Early retirement is a major force in account for the decline in the labor-force participation with the high sensitivity of seniors to the COVID-19 virus, this may reflect in part a decision to either leave employment earlier than planned or choose not to look for new employment and retire after losing their work in the crisis.” Read article here…
This posting is presented for informational purposes only and does not represent legal or financial guidance. Any opinions or interpretations presented are either those of the original author or, in the case of articles authored by the AMAC Foundation, are the opinions of AMAC Foundation staff, originally trained and accredited by the National Social Security Association (NSSA) and certified via the AMAC Foundation. Any links included in the article are valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the links’ validity. NSSA and the AMAC Foundation and its staff are not affiliated with or endorsed by the Social Security Administration or any other governmental entity. To submit a question, visit our website (https://amacfoundation.org/services/) or email us at ssadvisor@amacfoundation.org. Because we are a non-profit organization, there is no charge for these services.