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Why You Shouldn't Retire At Age 66

Saturday, May 4, 2013 - 7:52 AM
The U.S. Census Bureau says the rate of participation of people 65 and older in the workforce increased from 12.1 percent in 1990 to 16.1 percent in 2010, and was 16.2 percent in 2011. Surveys show a growing number of workers 40 and over are planning to work beyond retirement age.

http://business-news.thestreet.com/philly/story/why-you-shouldnt-retire-age-66/1
7
ShorebreakShorebreak2,699 posts since
Apr 6, 2010
Rep Points: 14,632
1. Saturday, May 4, 2013 - 9:21 AM
Let me say that again:

1. It is not up to you to work past 66; the probability of getting laid off increases exponentially once you reach 62.

2. It is not up to you to work past 66; the probability of sickness increases exponentially once you reach 62.

3. It is not up to you to work past 66, the brain function and mental state decrease exponentially once you reach 62.

So, dream on:D
8
51hh51hh1,476 posts since
Jan 16, 2010
Rep Points: 6,427
2. Saturday, May 4, 2013 - 2:37 PM
51hh, I have a different opinion on the first point:

It is not up to you to work past 66; the probability of getting laid off increases exponentially once you reach 62.50.

As for the increasing number of workers 40 and over who are planning to work beyond retirement age, I wish them every success in this.  Unfortunately, however, some companies have their own perspective and don't allow them that option. 
7
pearlbrownpearlbrown1,491 posts since
Nov 2, 2010
Rep Points: 6,486
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