The coronavirus pandemic has put Americans in a tight spot, including those looking to retire.
Saving enough money to last after work can is hard enough on its own, made worse by the global health crisis. Living out retirement on what you’ve managed to save is no different.
And while the U.S. unemployment rate dropped to 11.1 percent in June, with employers adding 4.8 million jobs, many are still out of work. If they’re an older adult, it may make sense to retire early, assuming they have a large enough nest egg to last at least until the pandemic subsides.