Prepare to work longer
Retirement-aged workers are staying employed longer or rejoining the workforce. For some, it's a financial necessity. For others, it's a chance to pursue interests or careers they put off in their younger years. And for many, it can be a combination of both.
"And maybe the nature of retirement is changing," says Webb. "It's less of a clean break."
Postponing Social Security payments or retirement account withdrawals often means you'll get more when you do tap those sources.
For those retiring over the next few years, delaying collecting Social Security from 62 to 70 can mean a 76 percent increase in benefits, says Webb.
Two factors may force workers to retire earlier than expected: late-in-life job loss and health problems, he says.
Seniors face a greater risk of having to leave the working world because of health, and also of "being prematurely ejected from the workforce," says Webb.