Here’s an interesting finding:
Two-thirds of workers ages 65 and older say they work primarily because they want to, according to a 2021 study by Edward Jones and Age Wave.
Essentially, that means that one-third of workers in this age group feel financially compelled to work.
It’s probably fair to say that they would have liked the option of not working.
How can you give yourself this choice?
First, choose an age at which you’d like the flexibility to retire.
This will help guide your plans.
Next, think about your desired retirement lifestyle.
Do you want to stay close to home or travel the world or open your own business?
Once you’ve identified your retirement goals, you can build a financial strategy to achieve them.
And that leads to the next step — making sure you’re saving and investing enough.
Try to contribute as much as you can afford to your 401(k) and other investment accounts.
Taking these steps can help provide the freedom you need to decide when you want to retire — and that’s certainly a choice you’d like to make for yourself.
This article was written by Edward Jones for use by your local Edward Jones Financial Advisor John Dickerson. Member SIPC.
