Reasons not to retire

October 1, 2008
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Plenty of people plan to work until at least age 67, when eligibility for full Social Security benefits kicks in, a new study shows. And itâ??s not just for the money.

Many say remaining in the workplace will help them stay in the game mentally. They also like their careers and being close to people, and want to keep health insurance.

What about you? Do you plan to work to 67 or beyond?
  • well with the current economic situation, i doubt that most will be retiring anytime soon, anyway.
  • Norm, It would be interesting to here from any of your readers that do plan on retiring at 62. I don't think you will find any. Anyone out there retiring at 62? If so, tell us how you can? Is this a FIX for Social Security? If no one claims it, then they won't be spending any money.
  • Why isn't the IBJ running more web stories critical about the House Republicans from Indiana who are idiots? Pence, Buyer, and the rest of the stupid ones voting against the bailout and destroying our savings. Shame on you. By not running editorials against them, you are joining them. We finally know where the IBJ stands. Right there to the far stuid right.
  • Yes. As we sit here watching my retirement crash and my small business unable to borrow money, Penceless and the rest do nothing. IBJ call-out these do nothings. You're suppose to be the premier news reporting source in the state and there is not a single story critical of these has-beens. This is the single biggest economic event in the history of the U.S. and you say nothing. Pence and the rest of no-shows are cowards. Sitting around like the IBJ and writing nothing will not make this go away. A strong message from IBJ woudl go far to shake-u these do nothing Repubs. Take a stand. Where is the courage in reporting? No wonder bloggers are kicking newspaper's behinds.
  • Wesley,

    You are sounding like some people i konw. If you don't fight the problem head on, you are joining the problem. attitude. I have heard the same exact arguement with terrorism from others. I am not defending IBJ in their lack of news worthy stories on House Republicians, I am saying that there is more to the story than just Republicians causing fault here. This is not a left or right problem. It is an Indiana and U.S. Problem. Granted, I am also asking why are we not seeing more stories about the housing crisis, but until we see the stories, we have to either sit back and accept what we have, or go find the stories and information ourselves.
  • Wesley,

    As you can see, perhaps Mr Pence and company weren't so off base. What exactly has the $750 billion accomplished as of today's market report? If you truly want to find blame, look no further than Barney Frank and Chris Dodd. Democrat Chairs of the House and Senate Finance Committees who were responsible for oversight of the financial industry. Check out the facts about how these two did nothing to call any of this mess to our intention, in fact, quite the contrary.

    There are a bunch of people in Washington that need new jobs. Let's start with these two and complete the cycle with the entire US Senate and House for failure to 1. Secure our borders, 2. Adopt a sane, workable energy policy to eliminate our dependence on foreign oil, 3. Do anything to improve schools which we're seeing collapse into a worthless money pit. IS that enough?

    Just remember this: There's plenty of blame to go around but this whole mess started in the Clinton years when Congress repealed Glass/Steagell which allowed banks to be brokers to be insurance companies and vice versa. Had Bill paid more attention to what was important in the US than Monica's butt, perhaps we would have had leadership that would have prevented the mess we are in.
  • I turned 65 last year and retired from the active work force. However, I planned for this day since I was a senior in high school. During that year, I saw an old man sitting on a bench in my small Wisconsin farming town. He was alone, unkempt, unshaved, drooling, and had missing teeth. I was stunned. At that moment I promised I would never allow myself to end up that way. I didn't want to farm, but I did want to see the world, pursue more education, and pick a career that would allow me to take care of myself and future family. So, I joined the Marines and stayed with them 23.6 years. Enlisted as a private with a high school diploma, and retired as a captain with AA, BS, and MA degrees. After that I was a magazine editor for five years, and then an editor in the computer book publishing industry for 13 years. I get deferred compensation (retired pay) from the Marines, the magazine, the computer book company, Social Security, plus I have a small IRA. The point to this thread? Folks today no longer get pensions; instead, they get 401(k)s, which means they are totally responsible for whatever income they get at retirement age. With good planning, folks today can retire when they hit 65 or 67 or whenever. It can be done.

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