Procrastination in Retirement - When will you retire?
Some older workers never retire. In fact, according to the Toronto Financial Post, 17% of boomers continue to work indefinitely, not just for the money but for personal satisfaction.
The trade-off is that you aren’t taking Social Security, which means that you can take more out later (if you live long enough). Postponing your retirement (not taking Social Security) also helps the U.S. government. The article I mentioned stated that postponing retirement 5 years can add up to $1 trillion to the U.S. coffers. Now, I’m not advocating waiting just to help the federal government (and your children). But, if you want to keep working, why not?
Tags: baby boomers, federal government, retirement, Social SecurityRelated Stories
POSTED IN: Boomers nearing retirement, Finance, Getting Paid, Jobs
4 opinions for Procrastination in Retirement - When will you retire?
Maya
Mar 9, 2008 at 7:00 am
I agree. We do have to do something meaningful and running a small business doesn’t feel like work. I plan to be one of the 17%.
Jean
Mar 11, 2008 at 6:11 pm
Thanks for the comment, Maya. It depends on your definition of “work.” I’d say, “doing something meaningful that can make me a little money.” Maybe that’s writing, or publishing, or making quilts. I don’t know.
I always say I plan to wear out, not rust out.
Jean
Procrastination in Retirement - When will you retire? — IRA 401k
Mar 13, 2008 at 11:12 pm
[…] Robert Louis wrote an interesting post today onHere’s a quick excerptPostponing your retirement (not taking Social Security) also helps the US government. The article I mentioned stated that postponing retirement 5 years can add up to $1 trillion to the US coffers. Now, I’m not advocating waiting just to … […]
How much money do I need » Blog Archive » Procrastination in Retirement - When will you retire?
Mar 20, 2008 at 9:31 am
[…] Steve Diggs wrote an interesting post today onHere’s a quick excerptPostponing your retirement (not taking Social Security) also helps the US government. The article I mentioned stated that postponing retirement 5 years can add up to $1 trillion to the US coffers. Now, I’m not advocating waiting just to … […]
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