How working longer impacts your retirement

Working longer not for everyone
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Working longer not for everyone

Working longer won't be a solution for everyone. For example, the odds for working longer are stacked against lower-income workers because they tend to do more physical labor and may not be in good enough health -- or have the physical stamina -- to continue working. Lower-income workers also are far less likely to have pension plans or significant retirement savings, so they are likely to be far more dependent on Social Security than any other income source in retirement.

Mark Miller is the author of "The Hard Times Guide to Retirement Security: Practical Strategies for Money, Work and Living." Graphic illustration reproduced with permission from publisher John Wiley & Sons.




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