I may never retire and it might be good for me...

Good morning everyone,

It's going to cool down by the beginning of next week...well, comparatively anyway. We'll still see highs above 30C, but closer to 32C than 38C. I'm guessing it'll feel a bit cooler compared to now...but I still won't be going out for any long runs anytime soon.

The “in thing” now for retirement is to do it early.

There are communities, blogs and early-retirement crusaders whose mission is to sing the praises of a work-free lifestyle.

Actually, to tell the truth, many early-retirement enthusiasts are earning quite a bit of money through blogs and podcasts describing how they quit working in their 30s, 40s and early 50s. So technically they aren’t really retired anyway, right?

Still, hearing their stories might make you feel bad that you can’t join their bandwagon. I'll be honest. I get jealous. I’m still trying to save as much as I can for the day that I can call it quits. My plan in retirement is to spend most of my time either traveling or volunteering.

But what if you want to work until your 70s, 80s or even 90s? What if your health is such that you can continue full employment?

Actually, there is a lot of research on why continuing to work throughout your senior years can be beneficial. There are at least three good reasons not to retire.

Not retiring can be emotionally, physically and financially good for you.

Studies show working gives people purpose.

And by working longer, you can save more. Just working 3-4 months longer is like getting an extra 1% on your savings, imagine what that would be if you worked an extra 3-4 years!

Research has also found people who work longer tend to be healthier. Researchers at Oregon State University analyzed data from a large, ongoing study of people age 50 and up. What they found was that people who continued to work past 65 had an 11 percent lower chance of death from all causes.

Here’s the thing. Don’t feel pressure to retire if you can and want to continue working. The grass on the early retirement side might not be as green as you think.

Which makes someone like me who will never be able to afford to retire feel a bit better about my life...ha ha! How about you?

Have a great day!

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