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The Only Way to Handle Your Biggest Retirement Risk

More than ever before, millions of near-retirees think that they won't be able to retire on their original schedule. But in making contingency plans, many of these near-retirees are making what could turn out to be a fatal mistake in assuming they have an option available to them that might not be around when they most need it.

In the following video, Dan Caplinger, The Motley Fool's director of investment planning, looks at a survey from Franklin Templeton about retirement prospects among U.S. workers. The survey found that 62% of those who expected not to retire on their original schedule would simply work longer and retire later. Yet Dan notes that this strategy ignores the very real risk that you won't be able to work as long as you want. The survey also found that almost a quarter of participants said that they didn't have the choice of when to retire. With layoffs, accidents, and other unpredictable factors potentially affecting your career length, your best option is still to save as much as you can while you're working to give yourself the flexibility to handle the unexpected.

Count on Social Security, but don't waste it
One thing you can count on Social Security, but you still have to make the most of your benefits. Get all the money you're entitled to by reading our brand-new free report, "Make Social Security Work Harder For You," in which our retirement experts give their insight on making the key decisions that will help ensure a more comfortable retirement for you and your family. Click here to get your copy today.

Read/Post Comments (2) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On March 16, 2014, at 10:21 AM, stevegiles wrote:

    MF needs to start putting some substance in their articles!

    this author is good at creating a title that draws interest but falls flat putting anything worth the time to read in the article

  • Report this Comment On March 17, 2014, at 5:38 AM, jojo13 wrote:

    Very good points...but the question is why is the Govt. not enforcing age discrimination laws?????? How come the companies are allowed to overtly discriminate? How come companies are allowed to violate federal laws on retirement accounts? By Federal law, when a company is going bankrupt, Retirees are 1st at the window to collect their deferred wages (pension) but now (the past 20 years) companies are allowed to continue after they rip-off their pensioners???

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Dan Caplinger

Dan Caplinger has been a contract writer for the Motley Fool since 2006. As the Fool's Director of Investment Planning, Dan oversees much of the personal-finance and investment-planning content published daily on With a background as an estate-planning attorney and independent financial consultant, Dan's articles are based on more than 20 years of experience from all angles of the financial world.

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