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Why You Might Want to Work in Retirement -- Even If You Don't Need the Money

Why You Might Want to Work in Retirement -- Even If You Don't Need the Money

There's a reason so many older Americans wind up working in some capacity: Money tends to get tight in retirement. You could kick off retirement with $500,000 in an IRA or 401(k) plan, but if market conditions deteriorate, you could be down to $450,000 in savings within a year or two, forcing you to scale back on withdrawals.