Expert: Retiring at 65 is 'a thing of the past'

toffee said:
I hubby gave up at 60 but he wished he hadn't ' retiring isn't for all people ' I gave my job up because we moved house 2yrs ago
and miss it very much ; iam a lot younger than hubby ' if I had my job of 10years I would go back …….
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Think a lot of time, retiring is a "mindset". If you look forward to something, you normally like it better than havin it thrust on you. Takes a while to find your sea legs then. Maybe volunteer or something?
 
Frankly, retirement would be a "stupid" option for me. I don't "do" football, NASCAR, play golf or bridge. If I retired, I'd most likely buy another antique boat to restore. If I'm going to do that, I might as well continue to get paid for it.
 
I think the new norm is early retirement for people. The number I see most is before 60 is starting to be a growing trend.
 
street said:
I think the new norm is early retirement for people. The number I see most is before 60 is starting to be a growing trend.
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I guess it depends. Alot of companies where one can actually get 20-30 years are frequently offered buyout packages. If they manage them right yes they absolutely can retire at 60 if not earlier.

On the other hand those that can't get that option will probably have to work past 65. All I can say to the young is save and invest on one's own as soon as possible. I've seen people with less than 5 years to retirement all of the sudden worry about their savings/retirement plans etc. All that should've been at least started in their 20s and paid attention to every single year. I got laid off early in my career so I never looked for a gold watch and pension plan counting on myself/investments and savings.

And that's another issue sometimes contributing to those plans at a job a costly, they might pay off in the end but they are costly like many have plans buy one share of stock get another free. But one still has to pay full price for one share on their terms. Sometimes years of over paying can bounce back on you.
 
treeguy64 said:
"Being self-employed, I pick what I want to do, and when I want to do it, and always make good money when doing so."

"I really can't conceive of living a life with a sharp dividing line between work years and retirement years."
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Old Dummy said:
"I'm 69 and still running my business because I enjoy it. "
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Maybe it has to do with being self-employed, but four years ago hubby and I kept the part of our business that we liked best, sold off another part and closed the rest.

We mostly work from home or on the road via phone and internet. At most we put in 20 hours a month during peak season, less than half of that during other times.

We say we'll stop at age 70 (presuming our health and handful of customers remain viable), but who knows if we'll be ready to give it up then? In the meantime it provides some interesting diversion as well as a little extra traveling money.
 
Im very pissed at the moment... Love my job, Everyone wants me to stay at my job...
and my retirement is maxed out so I dont get anything more for working longer
 
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