People are retiring today, but they’re not slowing down — it’s the new retirement.

A survey by financial services firm Edward Jones found that 40% of financial advisors said their clients retired not at a time of their choosing, but when life circumstances “forced” them to do so.

Almost all financial advisors surveyed (97%) agree that retirement involves more surprises and challenges than their clients expected while an equal number (98%) agree that preparation, flexibility and willingness to adapt are key to success in retirement.

The majority of financial advisors recommend that retirees obtain supplemental health insurance (52%), secure long-term care insurance (48%) and adopt a more frugal lifestyle (48%) for financial stability.

References:

1. https://www.prnewswire.com/news-releases/financial-advisors-report-40-of-their-clients-were-forced-to-retire-edward-jones-survey-finds-301877073.html