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Why do people retire earlier than they’d planned? According to new research, it’s all about health.
A new study from the financial services giant TIAA found that “health shocks” cause Americans to speed up their retirement far more than any other reason. After surveying U.S. adults about when they expect to retire, the TIAA Institute found that those who suffered a decline in their health were 8.9% less likely to keep working past age 62, and 14.1% less likely to work past age 65.
Nathan Place is a national reporter at American Banker. A native of New York City, he has worked for more than a decade in both print and video journalism. He got his start in Beijing, where he … Read full bio
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