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Single women are especially at risk of exhausting their savings if they quit working too soon, research shows. 2468129725 / Shutterstock.com
For generations, 65 has been widely viewed as the traditional retirement age. But if you stop working when you reach this landmark birthday, there is a good chance you will regret it financially, according to recent research. Nearly half — 45% — of those who retire at age 65 are likely to run out of money before they die, according to the Morningstar Center for Retirement & Policy Studies.
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