NPR’s Weekend Edition recounts the story of retiring Indiana state employee Bob Vollmer at age 102. In contrast, TD Ameritrade commissioned a Harris Poll survey of the American public, finding that 50 percent retired earlier than they would have liked. This podcast (5:38) argues that advisors must take into consideration the high likelihood that clients in their peak savings years may be undercut by involuntary early retirement, and also speculates on the qualities enabling a robust late retirement of the kind exemplified by Vollmer.
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