If you’ve been dreaming of retirement since you entered the workforce, you might have a certain idea of what it looks like when you’re no longer working. But there’s a chance you might not start retirement when you thought you would, perhaps due to circumstances beyond your control.
About 40% of workers are planning to push retirement later in life due to inflation, says a recent survey by the Nationwide Retirement Institute. While life doesn’t always go according to plan, would-be retirees can make the best of a bad situation by delaying retirement. So if you’re on the fence, here’s why you might want to consider retiring later than you originally thought.
1. You give yourself more time to save and invest