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May 2019 Archives

Unexpected disability can wreck a retirement plan

As they get older, Americans must think about saving up for retirement, and many come up with a simple plan: Work longer. Many Americans are working past age 65. Staying in the workforce longer can, of course, help a person to save up more money. There are also tax advantages to this strategy, as workers can save their money in a 401(k) or other retirement account that avoids or defers taxation.