| Can I retire early is a question many folks ask, but | | | | those that retired at 65 lived to be 66. |
| they usually base their decision on money and not on | | | | Now ask yourself can I retire early if you have the |
| the time they have left to live. | | | | chance. Offering early retirement is a popular way for |
| Seems a few years ago certain large companies | | | | some companies to reduce costs. |
| found that their retirement funds were overfunded. | | | | What are some reasons for this surprising data? |
| Said another way, the retirees were dying before | | | | 1) The longer you work the more stress you will |
| they had received their full pensions based upon | | | | experience, and this cuts down the life span. |
| actuarial tables. | | | | 2) Early retirees may not retire completely, but their |
| One aerospace company found that the retirees who | | | | new "jobs" are less stressful and more enjoyable. |
| retired at age 65 only lived an average of 18 months | | | | The pension from the old company helps pay the bills |
| before passing away. Eighteen months is mind | | | | and the new work may be temporary or a takeoff |
| blowing. | | | | on their hobbies. |
| So a study was commissioned and data collected | | | | Therefore, time rather than money should be a prime |
| from this large company. They had offered early | | | | consideration when deciding to retire. What good |
| retirement in the past and therefore had data on | | | | does it do you to wait until 65, have a sizable pension |
| how long retirees lived based upon the age at which | | | | check and receive it for 18 months on average? Why |
| they had retired. | | | | not retire now, spend less and live longer. |
| Those that retired at age 50 lived to be 86 and | | | | |