Articles Tagged ‘delay retirement’
Advice on Rethinking Retirement in Difficult Financial Times
Tuesday, March 27th, 2012
In difficult financial times, individuals are often forced to reevaluate and rethink many of the plans they’ve made for themselves. Vacations and major purchases can be delayed, downsized or perhaps even eliminated altogether.
Another thing that can require rethinking in a difficult financial environment is retirement. Because retirement is such a significant decision (both in terms of the purely financial aspects as well as the emotional component), some people are reluctant to re-examine retirement plans that they may have had in place for a number of years. But a significant change in one’s financial situation, or in the overall economy...
Should You Delay Retirement?
Friday, March 25th, 2011
There was a time when we frequently heard about workers taking early retirement. But these days, it’s pretty unusual. In fact, even retiring on time is becoming less and less common. For various reasons, many senior workers are opting to stay in the workforce longer.
Some who are approaching retirement age fear that they will become bored and depressed if they stop working, so they stay on. Studies have shown that many individuals are happier and healthier with the continuous challenges and structure of their jobs and careers.
But in most cases, the decision to delay retirement is mostly about finances....