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....
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Don’t Retire Early
Monday, March 30th, 2009
Shift gears instead. Many people who long for an early retirement are really just tired of their jobs. Rather than choosing a life of leisure (which can get boring), you may want to start a new career.
Besides, early retirement is a tough act to pull off financially. If you retire at age 55 and are lucky enough to live to age 95, that’s 40 years of living off your savings — more years than you spent working! Social Security and Medicare don’t kick in until age 65; or 62 at the earliest. How much do you think your grocery...
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