12 Reasons You Should NOT Retire Early

MARKET DOWNTURNS ARE INEVITABLE — AND UNFORGIVING TO SENIORS

According to a report from the University of Michigan, the 2008 recession revealed just how vulnerable older Americans are to market downturns, which are cyclical and inevitable.

Even if the next downturn isn’t as seismic as the Great Recession, a crash that coincides with your retirement could erase a huge chunk of your nest egg with almost no notice, as it did for millions starting in 2008. The young have time to ride out the storm and wait for the rebound, which took years the last time around — but older workers don’t.