Much has been made of the slow economy forcing older people to stay on the job longer than they’d like. Older workers believe health care costs alone
will consume their savings in retirement, and about half plan to keep
working for no other reason. But how terrible is this, really?
A growing body of research suggests that staying on the job longer is
good not just for your wealth but for your health, too. That was the
central premise of my first book with gerontologist Ken Dychtwald, and
when we published The Power Years in 2005 this was an under appreciated view.
Today this line of thinking is broadly accepted and often the central
tenet of financial firms’ advice to under-saved baby boomers. Working
just two or three years longer can shore up
your retirement security; it gives you the added benefit of staying
busy, connected and relevant, all of which diminish stress and
loneliness which are so damaging to mental and physical well being.
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