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Well-to-do Americans rush to retire in new life-is-short mindset
Craig DiLorenz, retired this year at 58 years old, in Chicago, on April 23, 2021. (Bloomberg photo by Sebastian Hidalgo)
Melissa Marteney in Newburyport, Mass., on April 24. (Bloomberg photo by Kayana Szymczak)
Published May 03. 2021 2:07AM
Alexandre Tanzi and Michael Sasso, Bloomberg
The Day - Well-to-do Americans rush to retire in new life-is-short mindset - News from southeastern Connecticut theday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theday.com Daily Mail and Mail on Sunday newspapers.
More Americans are considering retirement because of COVID
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After a year of early morning Zoom calls, the specter of a deadly virus and soaring stock and real estate values, working American baby boomers who can afford it plan to get out while the getting s good.
About 2.7 million Americans age 55 or older are contemplating retirement years earlier than they d imagined because of the pandemic, government data show. They re more likely to be White, a group that typically has a larger amount of accumulated wealth, and many cite robust retirement accounts and COVID-19 fatigue for their early exit, according to interviews with wealth managers and federal surveys.
Affluent Americans rush to retire in post-COVID, life-is-short mindset financial-planning.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from financial-planning.com Daily Mail and Mail on Sunday newspapers.