Retirement

People plan for retirement their whole lives through 401(k)s and savings. But not everyone gets to choose when they leave the workforce.

Chris Sorbe worked with his father to turn their home into a vacation rental a decade ago. Business boomed for a while, but it hasn’t been so hot lately.

“My daughter-in-law had wanted to pursue a new opportunity,” said Irene Kesselman, who sold her previous toy store, Ali Cat Toys, in 2024. “We started talking, and she asked if I would mentor her, and I agreed to do so.”

Companies downsize or go bust, partners get sick, kids need childcare help. And premature retirees end up without the bank balances they’d hoped for.

President Donald Trump is looking at adopting a retirement system based on Australia’s “superannuation” model.

Some experts have raised concerns about SpaceX’s $2 trillion valuation.

Some 6 million businesses will either change hands over the next 10 years — or disappear altogether.

One major factor is that the population is aging — and therefore retiring out of the workforce. Another factor is the crackdown on immigration, since immigrant communities have some of the highest labor force participation rates.

Cheryl Alexander is a social worker in San Diego, California who also leads tours of the Italian countryside.

Anna Romero shares her financial struggles and how she ended up back on the job hunt.