Forced retirement is a problem many folks are grappling with these days.
Around 37% of retirees in the country leave work earlier than they had expected, typically due to health problems, layoffs, shutdowns and cutbacks.
Many forced to retire early struggle with their day-to-day expenses as a result of losing their only source of income.
They also do not have sufficient retirement savings to live off of for the remainder of their life. It is undoubtedly a difficult situation, especially if you have a family.
Here are five strategies that can help you deal with forced retirement, safeguard your investments and ensure your long-term financial security.
Small-cap winners galore
The big stock market winners share one common attribute: Near the beginning of the ascent of their shares, the companies offer revolutionary products or services, are market leaders in their respective industries, or both. Some big stock market winners that possessed the attributes outlined above are Netflix (NFLX), which we recommended to investors in October 2002; Intuitive Surgical (ISRG), which we bought and recommended in July 2004; Baidu.com (BIDU), which we bought and recommended in August 2006; and MercadoLibre (MELI), which we recommended to investors in October 2010. Get up-to-date small-cap stock picks from David Frazier, editor of Small-Cap Profit Confidential.
Smarter cryptocurrency investments
The stock market crash of 2008 was the catalyst for his journey into alternatives. And interestingly, it was the impetus behind the creation of Bitcoin and the blockchain technology behind it. Keene Little wasn’t ready to risk his money yet but he was very curious, so he began charting Bitcoin’s technical patterns. What finally convinced him to dip a toe into digital currencies was seeing that they followed familiar price patterns that could be analyzed and successfully acted on. Now he shares those insights with subscribers to the Crypto Wealth Protocol.