Are You Planning to Continue to Work Until Your Retirement Age: 66, 67, 70?

Discussion in 'Senior Employment' started by Von Jones, Jan 31, 2015.

  1. Von Jones

    Von Jones Very Well-Known Member
    Registered

    Joined:
    Jan 25, 2015
    Messages:
    3,178
    Likes Received:
    1,750
    I have been pondering on this since I was layed off a few months ago. From websites and the AARP magazine they all seem overwhelming to me with so much to consider. They talk about pensions, Social Security, investing, and not to forget medical, dental and vision. There is also mention that your Social Security benefits increase the if you continue to work until then. On the down side your SS benefits will be affected if you have a pension plan which I think is unfair.

    After pondering all these things it made me realize that working until your retirement age, Lord willing, is not such a bad thing. There are a few years before I reach my retirement age now I just have to find a job that I will be happy with until then.
     
    #1
  2. Mal Campbell

    Mal Campbell Well-Known Member
    Registered

    Joined:
    Jan 23, 2015
    Messages:
    540
    Likes Received:
    398
    I would love to be able to work till "retirement" age. But, I made the choice to be a stay-at-home mom and put my career on the back burner. I was a programmer and figured that I could always go back to work whenever I wanted. However, here I am 25 years later and things have changed a little in the computer field!! The little bit I remember is so totally obsolete. I made the remark to my husband the other day, that I couldn't even get a job answering phones - with the complicated phone systems they have nowadays.

    And of course with the job market the way it is and the feelings toward hiring anyone over the age of 50 anymore. Oh well, I guess I've made a career as a housewife without even knowing it. Just wish it paid better!! :p
     
    #2
    John Kunday and Von Jones like this.
  3. Pat Baker

    Pat Baker Well-Known Member
    Registered

    Joined:
    Jan 22, 2015
    Messages:
    877
    Likes Received:
    459
    Mal in this environment we now live in tech changes so quickly you are always going to a class to stay current with the new tech. If you are interested in going back to work the first thing you want to do is look at what classes you need to take and start taking them, it does not take long to get current. Pick one subject or system and get good at that, you don't need to know them all. My field was accounting so I becames an expert in Excel everything else I just ignored it. I had no trouble find work.

    I am 70 and still work, self employed but I work and have no thought of stopping.
     
    #3
  4. Jenn Windey

    Jenn Windey Active Member
    Registered

    Joined:
    Jan 22, 2015
    Messages:
    341
    Likes Received:
    246
    I don't want to work forever but Life seems to think otherwise. 70 to me seems like forever, way to long to be in a job. I started working when I was 14 years old, I lied and said I was 16, no one ever checked. I plan to only work till I am 67 the latest. As far as worrying about all the details I am pretty confident they will sort themselves out. I only hope I have the capacity of mind and body to be able to enjoy being elderly. I plan to live well into my 90's. o_O
     
    #4
    John Kunday and Von Jones like this.
  5. Ruth Belena

    Ruth Belena Active Member
    Registered

    Joined:
    Jan 28, 2015
    Messages:
    290
    Likes Received:
    166
    I'm self employed and I might want to supplement my pension, if I am able to, by continuing to do some occasional work. I would probably miss it if I stopped completely, but do intend to stop working 7 days a week.

    My father did not live long enough to retire and when my mother died she was only three years older than I am now. I have so many plans for retirement activities that I don't have time for because I need to earn a living.

    I want to do some more voluntary work, get out more and have more time to explore the area where I now live. I'm thinking of learning to play a musical instrument, take some practical art lessons, start some craftwork, join some senior clubs and more. I can do none of these as long as I continue with my present workload. I am counting down the months now until I qualify for my retirement pension.
     
    #5
    John Kunday and Von Jones like this.
  6. Von Jones

    Von Jones Very Well-Known Member
    Registered

    Joined:
    Jan 25, 2015
    Messages:
    3,178
    Likes Received:
    1,750
    This is a very positive outlook on retirement, Jenn. I'm am going to keep these words at the forefront of my mind as I continue to plan for my retirement.
     
    #6
  7. Pat Baker

    Pat Baker Well-Known Member
    Registered

    Joined:
    Jan 22, 2015
    Messages:
    877
    Likes Received:
    459
    I like to work maybe 3-4 days a week right now, some days it maybe a 10 hour day but I decide what my hours will be. I do want to start doing some fun things like travel more and have more lunch dates with some jazz and a glass of wine.
     
    #7
    Linelia Tunia and John Kunday like this.
  8. Kevin Matthew

    Kevin Matthew Member
    Registered

    Joined:
    Feb 1, 2015
    Messages:
    81
    Likes Received:
    43
    I'd like to keep working until I'm 65, just so I can keep saving up for my retirement. I wish I was one of those people who had planned everything out in their 20's, but I definitely didn't think that far ahead. I couldn't ever imagine myself at 40, let alone 50 or 60... But here I am in my 50's, having a great time - and remembering to save a bit for the future...
     
    #8
  9. Jorge Ruiz

    Jorge Ruiz Member
    Registered

    Joined:
    Jan 24, 2015
    Messages:
    69
    Likes Received:
    32
    Hey all.

    I personally haven't even considered "retirement"-- I used to say, back in my 20s, that I had retired when I quit a full-time job and took a part-time job as an ESL teacher, only a couple of hours a day, four days a week. However, even when I was playing at being an early retired person, I didn't consider a time in my future when I would stop working to enjoy the final years of my life in a leisurely fashion.

    Even now, at 55, I don't consider retirement. I expect I will still be working when my time comes. I do hope I won't be doing what I am presently doing (there's a separate thread brewing in my mind about that! ha!), but I do know, severe disability (and it would have to be very severe!) aside, that I will just keep on working at something or other.

    Though I live in a socialistic democracy, the pension I will be given when I finally reach the official age of 67 will hardly buy coffee and milk, so I'll still have to do something to support myself, I'm sure there won't be that much savings to get through the 30-some years I'll have ahead of me in only 17 from now.

    I also look at it in another light. When Herbert Von Karajan retired (admittedly, due to poor health) he died soon after, despite continuing his work on the side. I think the same happened to Leonard Bernstein, he retired one day and a few days later he passed away. I think in the case of these two, their work, their vocation, was part of their life, integral. By retiring they kind of stopped living. I'm "cursed" with this vocational attitude towards my work (even my current job--arrgh!) and kind of feel that if I am not working I wouldn't have much reason to continue living. Just my outlook on "retirement".

    peace,
    revel.
     
    #9
  10. Teresita Campaner

    Teresita Campaner Active Member
    Registered

    Joined:
    Feb 11, 2015
    Messages:
    116
    Likes Received:
    62
    When i have set myself to retire next year, i became aware of the many things of value of my workplace to me. I have been a college librarian for close to 36 years and I came to really love my work but the prospect of staying at home and having more time in my garden seems more attractive than continuing to work until the mandatory retirement age.
     
    #10
  11. John Kunday

    John Kunday New Member
    Registered

    Joined:
    Feb 15, 2015
    Messages:
    23
    Likes Received:
    5
    I've retired from my job 2 years ago not because of physical limitations because i am only 58 years old but because of the sense of purpose and the satisfaction i did not find in my 35 years of working in that industry. I feel I will still work up to my dying years as long as I can see the eternal purpose of it.
     
    #11
  12. Susan Long

    Susan Long Active Member
    Registered

    Joined:
    Feb 5, 2015
    Messages:
    170
    Likes Received:
    58
    I definitely want to continue to work in various ways for the rest of my life. I want to be able to be involved in serving others and encouraging others through ministry especially. Having observed my parents during the final years of their lives, it was important for them to be involved in a schedule of work, service and play.
     
    #12
  13. John Kunday

    John Kunday New Member
    Registered

    Joined:
    Feb 15, 2015
    Messages:
    23
    Likes Received:
    5
    yeah, it is a fact that as long as you're alive you will always find something to use up your time and what better way to use it up but for the betterment of humanity and the glory of God in Jesus Christ!
     
    #13
    Susan Long likes this.
  14. Susan Long

    Susan Long Active Member
    Registered

    Joined:
    Feb 5, 2015
    Messages:
    170
    Likes Received:
    58
    John, I can see you and I are thinking the same way! I love seeing how God works through the Holy Spirit. It is a great joy in my life!
     
    #14
  15. John Kunday

    John Kunday New Member
    Registered

    Joined:
    Feb 15, 2015
    Messages:
    23
    Likes Received:
    5
    Well, I want to praise the most holy name of the Lord for meeting a child of His here!
     
    #15
    Susan Long likes this.
  16. Susan Long

    Susan Long Active Member
    Registered

    Joined:
    Feb 5, 2015
    Messages:
    170
    Likes Received:
    58
    John, you have such a wonderful Biblical name. Your parents named you well!
     
    #16
  17. Yvonne Smith

    Yvonne Smith Very Well-Known Member
    Registered

    Joined:
    Jan 21, 2015
    Messages:
    4,832
    Likes Received:
    6,969
    The idea of working well past retirement age is something that really would depend on the type of work that you have already been doing, I think.
    If you do some kind of office work, and physical condition is not an imporant factor, then there is no reason that a person could not continue doing this, at least in a part-time way, or (even better) working from home.
    One acquaintence works as a transcriptionist for a doctor's office, and she is able to so it from home , right on her computer. She listens to the doctor's dictation, and then types it up on the computer and submits it. She works a regular schedule every day, just like any other job.
    My daughter was a helicopter engine mechanic in the army, and now works for one of the companies that contract for the military.
    She no longer does the heavy mechanical work on the engines, but she is involved in ordering parts and things like that. Most days she also works from home, unless she has to go to the office for a big meeting or something along that nature.

    Sometimes, I think a person just needs to know when to quit, though , as this poor old policeman who seems to be working well beyond his "Golden Years".

     
    #17
    Von Jones likes this.
  18. Avigail David

    Avigail David Well-Known Member
    Registered

    Joined:
    May 20, 2015
    Messages:
    355
    Likes Received:
    257
    I'd like to do want 102 year-old Ruth Gruber did in her lifetime. I may not do something as great, but I'd like to work with people in a disability program or institution. I'd have to study and acquire a Certificate IV to do that. But I think I still can pull it off. A friend of ours worked in IT and a top manager. Now, at 65, she works as a Disability Care management personnel.

    http://www.timesofisrael.com/the-woman-who-launched-1000-jewish-refugees/
     
    #18
  19. Corie Henson

    Corie Henson Very Well-Known Member
    Registered

    Joined:
    Jun 11, 2015
    Messages:
    2,906
    Likes Received:
    2,419
    My husband had turned 60 and he is not giving up his consultancy job albeit he plans to work until in his 80s. He has some colleagues who are in their 70s now and are still looking good. The oldest colleague in their office was 79 when he passed away, still employed. That's a nice scenario to think, that old but still working and enjoying the office.
     
    #19
  20. Jennifer Graves

    Jennifer Graves Active Member
    Registered

    Joined:
    Jun 8, 2015
    Messages:
    415
    Likes Received:
    116
    I'm 54 and still living check to check. Retirement is as realistic for me as winning the lottery. I would love to be able to retire before I'm 80, but social security is kind of a joke when its your only income. I don't know, though. Maybe something will give and I'll be able to retire in the next decade or so. :(
     
    #20
  21. Corie Henson

    Corie Henson Very Well-Known Member
    Registered

    Joined:
    Jun 11, 2015
    Messages:
    2,906
    Likes Received:
    2,419
    I remember my father in law who went to the US in 1992 on the strength of his being a world war 2 veteran. After his oath-taking as an American citizen, he got a job and even underwent training to learn how to operate the computer. At 66 and coming from a low -tech country, he was really good to pass that training. At age 80, he was still working as a security guard of a bank branch. On the side, he was also working for another company in the maintenance department. I would say that working made him strong. So I guess I want to follow the footsteps of my father in law.
     
    #21
  22. Ken Anderson

    Ken Anderson Veteran Member
    Registered

    Joined:
    Jan 21, 2015
    Messages:
    7,466
    Likes Received:
    9,822
    I'm sixty three and we never have any money in the bank. Barring winning the lottery, my wife and I will have to depend on Social Security. Plus, we have only two more payments on an hundred acres of land so at some point, in our old age, we might be able to sell that.
     
    #22
  23. Sheldon Scott

    Sheldon Scott Very Well-Known Member
    Registered

    Joined:
    Mar 13, 2015
    Messages:
    2,337
    Likes Received:
    3,482
    I'm 73, will be 74 before the year ends, and have been retired for 8 years. I'm glad I waited until full retirement age but also glad I didn't keep working. I have a decent income with my pension and SS. My home and vehicles are paid for and I have a small amount of money in mutual funds. I spend a lot less than my income every month.

    I have friends and relatives who retired early and struggle to pay their bills. Each person needs to take a close look at their situation and then make your plans. I'm in fairly good shape financially but I still buy lottery tickets.
     
    #23
  24. Susan Brown

    Susan Brown New Member
    Registered

    Joined:
    Jun 26, 2015
    Messages:
    18
    Likes Received:
    10
    I will probably work as long as I am able to. I actually enjoy coming to work and can't imagine my life without working. I have been working since I was old enough to get a job. I have been with my current employer for almost 30 years now. There is no pension plan with the company I am with. I really don't have a whole lot saved up for retirement or own anything that I could sell. It is hard to do when you are the only one working and trying to make ends meet each month. I do all right now. I do worry about my retirement years though and how I will survive then. For now I just work day to day and make the most of it. I am 52 right now and still in good health so I hope my health will remain that way for a bit. Retirement is still a ways off for me.
     
    #24
  25. Jennifer Graves

    Jennifer Graves Active Member
    Registered

    Joined:
    Jun 8, 2015
    Messages:
    415
    Likes Received:
    116
    That reminds me of Mr. Dinh. His wife and he came over from Vietnam during the Vietnamese war. Having nothing when they got here, he got a job as a custodian at the college. Within 20 years he was still a custodian at the college, and owned more property in the growing college town than anyone else. At 90 years old, and millions of dollars richer, he passed away. He was one of the happiest people I had ever met. And his wife was a wonderful landlady.
     
    #25

Share This Page