Planning for retirement has a definite appeal. You get all psyched up for it and begin to create goals for yourself as you dream of what you could do once you retire. You start a strong savings program with an individual retirement account (IRA) or a 401(k) to obtain your desired finances for that day. Then, suddenly, you find yourself the object of a forced retirement.
A forced retirement occurs when a company decides that they can hire a younger model for less than what they are paying you. However, if based on age alone, it is technically illegal. It is occurring to about two out of three seniors between the ages of 45 and 74, according to LinkedIn. About 40 percent of all current retirees were forced into an early retirement.
