We’re living healthier, longer. Many of us have jobs we can do on a computer from our couch. If we want to keep working past 70, or even past 80, what’s to stop us?
A lot, as it turns out.
The average American retires not at 80, or 70, or even 65, but at 62. That statistic comes from two different annual surveys of working and retired Americans, one from the Employee Benefit Research Institute (EBRI), and the other from the Transamerica Center for Retirement Studies.
Sixty-two is a point in life that many of us would term middle age: hardly a moment to hang it all up. Medicare doesn’t kick in until 65. Average life expectancy is 77.5. Our sitting president is 81.
Few of us plan to retire at 62. The average over-50 worker expects to retire at 67, according to the Transamerica study. Two-thirds of older employees plan to retire after 65, or not to retire at all.
Want to work till 70? Good luck with that
The hard truth: We don’t always get to retire when we want. The reality of retirement in America is a “radical departure” from what workers envision, Transamerica reports.
Many people imagine easing out of employment on their own terms. But actual retirement tends to arrive abruptly and unexpectedly, triggered by declining health or corporate downsizing. The new year has brought a cascade of layoff announcements from big companies like Amazon, Citigroup, and Google.
READ THE FULL ARTICLE ON USA TODAY
About Your Career Revolution
Our mission is to help individuals explore self-sufficiency as an alternative career.
We help them define their Income, Lifestyle, Wealth, and Equity goals and provide education on the best ways to achieve them. We don’t sell franchises – we help people achieve their dreams of self-sufficiency through business ownership. The approach is different, the experience is different. And it works.
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Dedication:
We dedicate this book to the tens of thousands of clients who have allowed us to guide then through their Journey of Discovery – courageous people who have made their dreams come true by taking the path less traveled. You inspire us every day. May you, the reader, also achieve your dreams and may this book empower you and assist you in your journey.
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