Some older workers never retire. In fact, according to the Toronto Financial Post, 17% of boomers continue to work indefinitely, not just for the money but for personal satisfaction.
The trade-off is that you aren’t taking Social Security, which means that you can take more out later (if you live long enough). Postponing your retirement (not taking Social Security) also helps the U.S. government. The article I mentioned stated that postponing retirement 5 years can add up to $1 trillion to the U.S. coffers. Now, I’m not advocating waiting just to help the federal government (and your children). But, if you want to keep working, why not?
Tags: baby boomers, federal government, retirement, Social Security
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