With nearly 70% of working Americans considering delaying retirement, many driven by fears of not having enough savings, working longer is becoming a go-to strategy for those anxious about their financial future. And with traditional pensions fading and uncertainty around Social Security, it's understandable. However, research shows that more than half of retirees end up leaving the workforce earlier than planned, often due to health issues, job loss, or family responsibilities. Simply put, the ability to keep working isn’t always within our control.

While the idea of working longer may offer a sense of security, economists warn it’s a risky bet. The labor market doesn’t always favor older workers, and unexpected life events can derail even the best-laid plans. The shift from employer-backed pensions to personal savings and 401(k)s has put more pressure on individuals, especially in an unpredictable economy. So while planning to extend your career might help, it shouldn't be your only strategy. A more resilient retirement plan includes saving early, diversifying income sources, and preparing for the unexpected. It is important to work with a qualified wealth advisor to develop a financial plan that works for your unique situation.

Read the full article from CNBC and see sources here. 

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