Many retirees feel ready to retire once they hit their financial goal, but there are reasons to consider delaying. Job satisfaction tends to increase with age, and many retirees report feeling bored or lonely. Consider scaling back or finding part-time work to stay engaged and fulfilled.

Retiring based on napkin math is a common mistake, with many retirees overspending. Delay retirement until you have a clear handle on your expenses, including healthcare costs. Speak with a financial planner to ensure you have a safety net for unexpected expenses.

Senior debt has tripled in the past three decades, with many adults carrying significant debt beyond mortgages. Consider reducing non-mortgage debt to manageable levels before retiring. Retirement is not just an escape from work; it requires careful planning to avoid unexpected challenges.

Read more at Yahoo Finance: Don’t retire yet if these 5 warning signs apply to you (even if you think you have enough cash)