From Quartz.
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AARP reports that 7% of Americans 50 and older returned to work in the past six months, underscoring financial strain amid rising costs. The AARP report highlights unretiring as a response to inflation and limited retirement readiness, with experts noting implications for Social Security timing and Medicare exposure. Advisors cite healthcare gaps before age 65, tax impacts from added income, and required minimum distributions as key hurdles. Case examples show steep private insurance costs compared with exchanges, and potential premium increases after re-entering the workforce. Experts recommend working longer, delaying Social Security, maintaining liquid savings, considering Roth conversions or annuities, and evaluating phased or gig work to manage taxes and healthcare. #unretirement #financialplanning #retirement #healthcarecosts #inflationimpact
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