Mar 16 • 31M

The financial risks of an unexpected early retirement

Pandemic-driven "Great Retirement" sparks a conversation

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Journalist and author Mark Miller on getting retirement right - featuring downloadable guides and podcast interviews with nationally-recognized experts.
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A couple weeks ago, this newsletter featured a PBS NewsHour story on the Great Retirement - the impact that early retirement forced by the pandemic has had on millions of older workers.

The story caught the eye of my friend Marc Miller - yes, you got that right, Marc Miller, although he spells his name with a C, not a K. Marc is a career coach who specializes in advising older workers, and he works with clients often who are struggling with unexpected job loss late in their careers. Since this is a topic I write about frequently, Marc invited me to join him on his podcast for a discussion.

I’m posting the resulting conversation today. Among the questions and issues we discussed:

  • Will older people who left the workforce early due to COVID-19 want to return after the pandemic? And, will they be able to do that?

  • What are the economic risks of premature retirement?

  • What the risks in relying on the recent booming stock market to fund extra years of retirement?

If you’re dealing with these issues, check out Marc’s work at Career Pivot. He moderates a very interesting online forum there for older workers, and you can find all of his podcasts and other online resources.

Click the player icon at the top of this post to listen to our conversation. The podcast also can be found on Apple Podcasts and Stitcher.

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