Commentary: Finance - Insurance Needs of Early Retirees

Summary

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Workers retiring early typically worry about how much they'll have to stretch their limited retirement dollars so as not to run out of money. That's certainly an important concern. But many early retirees overlook another major issue: adequate insurance, particularly medical.

Workers retire early for two major reasons: they are psychologically and financially ready; or they are forced into early retirement due to unemployment or poor health. Whatever the reason, they need to review their insurance, preferably before retirement, to be sure they are adequately covered.

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Extract

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Commentary: Finance - Insurance Needs of Early Retirees

Medical insurance. The biggest insurance challenge for early retirees is medical insurance, namely because they won't be eligible for Medicare until they reach 65. Early retirees have several options, dependin...

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