Monday, June 04, 2012

Retirement at 80

This may indeed be no joke given the dire financial situation.  In my job this is not so bad as barring health problems I can keep going. In the end rather than trim the large entitlements the mandatory retirement age will be raised.

If you like your job an extra 15 years is no problem. Plenty of people retired at 55 after 25 or 30 years. Social security,  pensions  and IRA's will do wonders. Of course those job openings for the young won't be there as people work longer.

Actually a more humane way is to reduce the days at 65 four day work week with a small social security payment. 70 three days a week with a larger payment. 75 two days a week  full social security and 80 retirement. Transitioning into retirement is better and the last five years should be a mentorship time.


Ducky's here said...

That's only if you're in the dreaded private sector.

You're a paper pushing leech who can't deal with providing for his own retirement. You need to leech off tax papers.

Always On Watch said...

Until I had that car accident, I wasn't even THINKING about working less.

Now, my life is a different story -- in the above respect and in other respects too (as you know).

I'm 60 years old now -- and simply not as sharp or as energetic as I used to be. I also find that I'm not as patient as I used to be.

Always On Watch said...

BTW, you might want to take a look at THIS.