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I'm sure it's just me, but I think "how much do you need to retire" is a stupd and useless survey question.
If you own a $300K house without a mortgage, you need MUCH less to retire than someone with the same income who is renting. So answers to this question don't tell me anything useful.
A lot of people say they will keep working until they die. Unfortunately they have not checked with their companies and the trend now is that corporate America forces many people out after age 50 or 55. At that point it is not all that easy to get another position. Hope that everyone who thinks they will keep working and not retire have a way to make an income so they are not dependent on a company in order to do that. Have seen this happen to a lot of people at all different companies, especially in this recession--a lot of over 50s are being encouraged or forced to leave. This is probably why many workers have no corporate loyalty.
Working longer might be ok for desk jockeys. But there are many of us in trades and physical jobs who might not be able to work in old age. Elimination of defined pensions have created this retirement crisis. Now that people have to fund the majority (or all) of their retirement, many will come up short.
Working as a desk jockey is no guarentee of being able to work into your golden years or even work over the age of 50! Old age,or the effect of chronic health problems like obesity, diabettes, cardio-vascular disease or things like carpel-tunnel injury can ring the curtin down on a working career even for a fairly senior level employee (professional or management duties)! For example, don't expect to be able to keep a job if diabettic retinopathy reduces your corrected vision from lets say 20-40 to 20-100. or if you need to visit an outpatient clinic on a regular basis for for treatments like steroids for chronic anemia, chemo for early stage cancers or dialysis for renal failure-- few employers will cut the poor employee a break.
Working as a desk jockey is no guarentee of being able to work into your golden years or even work over the age of 50! Old age,or the effect of chronic health problems like obesity, diabettes, cardio-vascular disease or things like carpel-tunnel injury can ring the curtin down on a working career even for a fairly senior level employee (professional or management duties)! For example, don't expect to be able to keep a job if diabettic retinopathy reduces your corrected vision from lets say 20-40 to 20-100. or if you need to visit an outpatient clinic on a regular basis for for treatments like steroids for chronic anemia, chemo for early stage cancers or dialysis for renal failure-- few employers will cut the poor employee a break.
At age 30 or 35, they still can't imagine ever being old.
"Retirement" is an artifact of my parent's generation. My grandparents all worked until they died. This was the norm prior to the implementation of social security/medicare. My grandparents seemed to be productive and live fairly long lives by working.
I personally could retire today. However, the purpose of a life is not to grasp the "brass ring" of retirement, only to find that there is nothing after that "goal". Work is stimulating and gives one a purpose in life. Heck, I even work for "recreation" on my farm on days off.
Take more vacations along the way and just work longer- it is not a big deal. Anxiety is created when people worry about whether they are going to achieve thier retirement goals or not. Why not simply keep working and eliminate that componant of anxiety and stop worrying about whether you have enough money or not?
Too many old people working means too many young people without job.
Some countries force people to retire at a certain age for good reasons.
If these people continue to clutter up the system what are young people supposed to do for employment?
I just retired after working (if you count slaving for my step father) for 60 years. I am still on the sitting on my dead ass stage. Maybe next year I will look for something to do for more pocket change.
Too many old people working means too many young people without job.
Some countries force people to retire at a certain age for good reasons.
maybe if government didn't rob the people and rob social security people could retire at a reasonable age. They would be able to save and the government would have to keep pushing social security to an older age.
Every time government says they are going to "fix" something they end up costing us our future.
That's me, I will drive that engine until they carry me out in a stretcher.
Because of Oliar, I have no option.
He is oiliar than his predecessor.
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