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U.S. News' 7 Reasons NOT to Retire (plus one more from LifeTwo)
U.S. News has compiled a list of seven reasons why not to retire. They all make sense and are consistent with the trend of baby boomers who are increasingly opting to scale back working instead of full-scale retirement.
1. It literally pays to work, and money can buy peace of mind
2. The economy may face a shortage of qualified workers
3. Working can boost your health, keeping you active and sharp
4. Your marriage may profit from a little less togetherness
5. Without those pesky E-mails, you'd feel a loss of connection
6. You can use this time of your life for a whole new beginning
7. Work may add meaning to your later life
***
8. (Supplied by LifeTwo) Working late in life allows you to take career chances and do things you might otherwise not do with that part of your life. Try consulting, teaching, working part-time, are starting a home based business are just a few possibilities.
Update: Discussion on why a working retirement is not an optimal strategy for financing one's retirement.
Read Similar LifeTwo Stories:
- 10 Ways to Pay for Retirement
- Working During Retirement: Solid Plan, or Boomer Delusion?
- Midlife Entrepreneurship: Yes, It's A Real Trend
- USA Today: Boomers May Not Be Able To Find Work After 60
- Lifelong Learning meets retirement at the collegiate level
- So you want to work past your retirement age, now what?
- Changing face of retirement: Calling it quits at 83 (and not 65)
- Retirement Tips
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good column on working or not
I've started to rethink my desire to quit work when I retire after watching my in-laws these past several years. He is a surgeon who retired 8 years ago. His wife has been a homemaker since they married. They're in the late 60's and life is a living hell for them. He knocks around the house, upsetting her solitude. She bicker and snarls at him. He has nothing to keep him occuppied. Golf at the c club goes only so far. She has garden club, junior league, church commitee and bridge club, He runs trivial errands - to the hardware store for a bolt - just to have something to do. They have money and do travel but even that has to be boring because they travel about 9 months out of the year. It seems like the go away three weeks, stay home for two then back on the road. I don't get the imopression they enjoy themselves but it keeps them busy.
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