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Early retirement… maybe not such a good idea 🤓

Plan­ning to re­tire in the next few years? Please re­con­sider: The econ­omy needs you more than you know.

This all adds to the ur­gency of over­haul­ing both the pri­vate and pub­lic pen­sion systems to en­cour­age later re­tirement, by shift­ing ben­e­fits to fa­vor later re­tire­ment and re­duc­ing tax penalties on earn­ings for those who are al­ready collecting So­cial Se­cu­rity. The pay­off: a more sol­vent pen­sion sys­tem and a more pro­duc­tive economy.

Retirements Seen Depriving Firms of Experience By Greg Ip Wall Street Journal 8-4-16

imageAt the same time the political left seeks to make it easier to retire. Does anyone actually have a long- term plan for all this? This is all the fault of the health care system you know? If we didn’t live so long none  of this would be a problem.

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4 replies »

  1. I plan to live a long time, but technically, I am retired already. I am a stay-home mom and a homeschooling mom. I do not think a oerson should decide when to retire based upon the economy. They should decide based on their health, what they want to do with life and how much money they have (their own economy).

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  2. Remember the saying,” I should live so long” ? Now, as you say, we are.

    But the retirement of the baby boomers, early or otherwise, will provide a wave of great opportunities for the following generation and those after them. The boomers, born from ’46 to ’64, are turning 65 at a 10,000 per day clip.

    The generation of my four adult children, now in their early 30’s to early 40’s, will have better job and career choices in the next 15 years than any generation since the 1950’s.

    We are now five years into the cycle of boomers hitting 65. And the cycle will not be done until 2029.

    Of course, there are many related and unrelated cultural and economic problems that make a bright future more than a little dubious. But the exit stage left of the boomers is, on balance, I believe one of the bright spots.

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