Working longer in 'retirement'

January 22, 2009
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Before the most recent recession began in late 2007 and wiped out many a savings account, other factors already were forcing more Americans to delay their retirement dreams.


Mainly, weâ??re living longer, which means retiring at the traditional age of 65 demands living longer without a paycheck. The average life expectancy was 61 years at the advent of Social Security in 1935 and now itâ??s 78 years.


Working longer before retiring wonâ??t be such a terrible thing for many Americans who are able to sit behind a computer, but will be a strain for construction workers and others whose skills are in physical labor.


Have Americansâ?? perceptions of retirement been permanently altered by the recession? If youâ??re planning for the future, at what age do you anticipate retiring?


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  • A few months ago, my father and I were talking about his potentional last years in work. Since he is getting close to retire early age, we have discussed this. Currently, it is not fiscially responsable for most people to retire, unless they have a grose amount of money at their disposal. Granted, he wasn't planning on retiring for atleast another 5 years anyway, the recession has just confirmed what we already are seeing.
  • Whoever conceived the 401k was an agent for business owners. They will gladly give up a 50-100% match because noone can afford a 2% contribution. Now with unemployment running at 8%, anyone with a job will sacrifice everything for just a minimum paycheck. What needs to happen right now, right here, is a national workers strike.

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  1. A Tilted Kilt at a water park themed hotel? Who planned that one? I guess the Dad's need something to do while the kids are on the water slides.

  2. Don't come down on the fair for offering drinks. This is a craft and certainly one that belongs in agriculture due to ingredients. And for those worrying about how much you can drink. I'm sure it's more to do with liability than anything else. They don't want people suing for being over served. If you want a buzz, do a little pre-drinking before you go.

  3. I don't drink but go into this "controlled area" so my friend can drink. They have their 3 drink limit and then I give my friend my 3 drink limit. How is the fair going to control this very likely situation????

  4. I feel the conditions of the alcohol sales are a bit heavy handed, but you need to realize this is the first year in quite some time that beer & wine will be sold at the fair. They're starting off slowly to get a gauge on how it will perform this year - I would assume if everything goes fine that they relax some of the limits in the next year or couple of years. That said, I think requiring the consumption of alcohol to only occur in the beer tent is a bit much. That is going to be an awkward situation for those with minors - "Honey, I'm getting a beer... Ok, sure go ahead... Alright see you in just a min- half an hour."

  5. This might be an effort on the part of the State Fair Board to manage the risk until they get a better feel for it. However, the blanket notion that alcohol should not be served at "family oriented" events is perhaps an oversimplification. and not too realistic. For 15 years, I was a volunteer at the Indianapolis Air Show, which was as family oriented an event as it gets. We sold beer donated by Monarch Beverage Company and served by licensed and trained employees of United Package Liquors who were unpaid volunteers. And where did that money go? To central Indiana children's charities, including Riley Hospital for Children! It's all about managing the risk.

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