So you’re a boomer who hasn’t saved enough for retirement. No worries. You’ll just work longer. Well, that might not be the ideal solution. Outside factors like a disability, a health crisis with an aging relative or job loss can derail that plan and force a boomer out of the workforce. Further, low-income pre-retirees may need to work way past retirement age to just break-even. “The strategy of planning to work longer could very well be a false hope,” says Katie Libbe, vice president of Consumer Insights for Allianz Life of North America.

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