I’M 62 AND NOT READY TO RETIRE, BUT OVER WORKING FULL-TIME. HOW DO I MAKE SURE I CAN AFFORD TO SLASH MY HOURS?
https://media.zenfs.com/en/moneywise_327/9acb6c61702c51076cac4de0b36c9a5e
✍️ The article discusses the option of reducing work hours for older workers who are not yet ready for retirement, and the considerations that come with it, such as impact on retirement savings, pension, and health insurance.
👉 Reducing work hours can impact retirement savings and pension 👉 Health insurance coverage may be affected, especially if working less than 30 hours a week 👉 Annual catch-up contributions to 401(k) or other retirement plans may be possible 👉 Delaying Social Security benefits until full retirement age may be an option 👉 It's essential to discuss the change with one's employer and negotiate a new employment agreement
-- #Tracey #JeffBezos #DaveRamsey #lifestyle
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