Procrastination in Retirement – When will you retire?
March 8, 2008 by Jean Murray
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?
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%.
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