A financial advisor believes we need to stash away a few more dollars in case of an unexpected injury.
Sun Life’s Kevin Williams says more people are leaving work earlier than expected because of an injury or illness. He says for some people, depending on their injury, they can never go back to work.
A recent survey shows more than 80 percent of respondent realize they could be faced with a serious health event at some point in their life. However, those who said they were aware, weren’t saving in case it happens.
The survey also revealed nearly 70 percent of retirees did not stop working on the date they planned. In most cases the reason was due to unexpected sickness or disability.