People view retirement as the ultimate reward for decades of hard work. Many look forward to the day they can say goodbye to the monotony of the daily punch clock and finally kick back to enjoy the precious golden years. However, those who study retirement closely will find no one-size-fits-all strategy on how and when to retire. Moreover, savvy individuals are rethinking the traditional retirement age by delaying retirement for various reasons.
Contrary to convention, retiring later can be a wise financial decision. Late or delayed retirement can come with its benefits. It can also be a practical decision based on one’s financial circumstances. Whether you’re nearing retirement age or at the peak of your career, it helps to consider the advantages of postponing your retirement plan by a few years.
