Are your working from home?
Since the pandemic hit in March, millions of Americans have started working from home. Some came back to the office when shelter-at-home and quarantine restrictions were lifted, some opted for a hybrid work system while others have continued their remote activity. However, not every job can be performed from home and some businesses have no choice but to call their employees to work or risk closing for an indefinite period.
Knowing where your profession stands in terms of the WFH system can help you reach a decision in terms of retiring now or later, as initially planned.
Why it’s important
Evidently, the short-term future of the industry you’re currently activating in depends on how much work can be performed out of the office. If you’re among those who can work remotely, you might want to take advantage of this for as long as possible.
The fact that you can work from home is not only good for your finances but also for your health. If you’re five years away from retirement, you’re probably in your late 50s or early 60s, which makes you part of the high-risk group for developing fatal COVID-19 complications. Working from home and limiting contact with other people is more than recommended in your case. On the Other hand, if your job involves contact with other people, no one could blame you for moving your retirement plans up a few years.
RELATED: These Are the Best and Worst States to Work from Home
