Should you delay retirement? - AmericaNowNews.com

Should you delay retirement?

Financial advisors like Money Expert Nathan Bachrach talk a lot about the upside of postponing your retirement a little bit, but not everybody's getting the message.

A MetLife report looked at the oldest boomers who turned 65. They found nearly half of those people were already fully retired at age 65, compared to just 24 percent still working full-time.

In fact, the average age at retirement was just shy of 60 for the men, and age 57 for the women.

But here are the numbers that should serve as a wake-up call to the rest of us: Just six percent of those retirees walked away from their jobs because "they could afford to." Thirty-six percent said they retired because they reached 65 and just wanted to. 

Nearly one in five said they had to retire because of poor health, and 6 percent had lost jobs and couldn't find new ones.

There are plenty of good reasons why you might want to delay your retirement a few years, but one of the best Bachrach ever heard is so that you can stay retired. For most of us, retirement will be a marathon, not a sprint, so plan accordingly.

Copyright 2013 America Now. All rights reserved.
  • Most Popular StoriesMost Popular StoriesMore>>

  • Six deadly foods for dogs

    Six deadly foods for dogs

    Every pet owner knows a dog can get into just about anything around the house. One woman found that out the hard way when her dog ate a bunch of grapes! Turns out, that's one of the most dangerous foods
    Every pet owner knows a dog can get into just about anything around the house. But these common snacks could be fatal for Fido.
  • Safety

    How to fight off an attacker if they pull your hair

    How to fight off an attacker if they pull your hair

    One in four women will be attacked in their lifetime and a woman's hair is a main target. Nelson Nio from Shield Self Defense gives great tips on what to do if an attacker grabs your hair.
    One in four women will be attacked in their lifetime and a woman's hair is a main target. Nelson Nio from Shield Self Defense gives great tips on what to do if an attacker grabs your hair.
  • Physicians warn against giving melatonin to children

    Physicians warn against giving melatonin to children

    Parents desperate to get their troubled sleepers to bed are turning to synthetic melatonin, which is a supplement sold over the counter. But expert warn it could have adverse effects on child development.
    Many adults turn to sleep aids like melatonin, but now more parents are giving them to their kids, too. We talked to physicians to see what they had to say about how it could affect your child's development.
Powered by WorldNow