1/9/015 – When Outside Factors Dictate Retirement Age (The New York Times)

Jan 12, 2015 Comments Off by

For many, deciding to retire can be as straightforward as reaching Social Security eligibility age or amassing a solid nest egg. But for others mulling over when to stop work, there are other powerful, if less measurable, considerations like life expectancy, changing technological demands of the workplace and fear that age bias will limit continued employment.

Estimates differ, but for individual calculations, the Social Security Administration has an online life expectancy calculator to help people figure out their longevity. A 65-year-old man, for example, can expect to live, on average, until 84.5 years old, and a woman of the same age until 86.8 years old, according to Social Security. (The calculator does not factor in a person’s current health, family history and other matters.)

Merely because people can continue to work into their 70s and beyond, though, “does not mean that longer work lives are a reasonable option for all,” said Sara E. Rix, who analyzes retirement issues for the AARP Public Policy Institute.

Read the full article at The New York Times.

Financial Landing 2015

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