The Motley Fool says people considering retirement may want to work at least another year if they lack a health-coverage plan before Medicare eligibility, are unsure when to claim Social Security, or have no plan for how to spend their free time.
Medicare eligibility typically begins at 65, the article says; retiring earlier without another coverage plan could mean paying for insurance independently and using savings for premiums. It also notes that Social Security filing age directly affects monthly benefits, so people uncertain about their options may want more time to understand them.
The article recommends considering how to spend retirement time, while noting there is no need to schedule every hour. It suggests staying flexible about the retirement date to address coverage, Social Security decisions and meaningful activities.
