Retirement comes sooner than expected for many Americans

05/1/2013 | Financial Advisor online

Many older Americans are seeing their retirement plans upended by factors such as illness or the unexpected loss of a well-paying job, financial advisers say. Nearly half of 2012 retirees stopped working earlier than they had expected. Steve McCarthy of McCarthy Asset Management recommends that his clients make some investments in short-term bond funds as an alternative to selling equities amid financial strain.

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