From MarketWatch.com: Money moves to make if you’re forced to retire - Andrea Coombes' Working Retirement - MarketWatch
Some practice advice for those who are forced to retire due to health and job situations. For social security timing for example:
“You’re giving up about 8% a year if you take Social Security early, [but] if I’m taking money from my IRA, it’s taxable,” Freiburger said.
The right answer will vary depending on your situation, but one way to think about the decision, she said: If you have a relatively short life expectancy and your spouse won’t be relying on your Social Security benefit after you die, then claiming early could make sense in this situation.
If you have a lot of money in an IRA, pulling money from that account may make more sense, because it will reduce the amount you’re forced to pull out once your required distributions kick in at age 70 1/2. That could mean a lower overall tax bill."