Photo by Tima Miroshnichenko: https://www.pexels.com/photo/a-man-counting-money-6694530/ Money by Sidnee Michelle You’re Not Ready For Retirement If These Financial Elements Exists Retirement readiness requires more than reaching a certain age. Leaving the workforce may be the goal, but retirement without a strong financial plan could put years of savings — and long-term financial security — at risk, Investopedia reports. Claiming Social Security at age 62 can result in monthly benefits 30% lower than waiting until full retirement age, according to the Social Security Administration. A lack of monthly and long-term financial plans are two additional warning signs. RELATED CONTENT: These States May Help Retirees Keep Most Of Their Retirement Income