Why Seniors Keep On Keeping On Working

Our last one-minute report focused on why young millennials can’t find jobs. One reason: older workers hang in there past retirement age and block younger workers from moving in and moving up.

This report focuses on why older workers keep on keeping on working—holding on to their fulltime jobs longe— and other choices available to them

We’re living longer these days. For that reason many of you seniors can’t afford to retire at 65. You haven’t saved enough money to provide for your needs over the next twenty or so years. The cost of living keeps going up. And so do your taxes. You can’t cover costs on social security checks alone.

“The more one works, the less likely they’ll worry about running out of money during retirement,” says financial planner Robert Karn in a printed report. So forget about your golden years and hold on to your full time job for as long as you can. If you can’t work full time, find a part-time job where you can bring in an annual income of $25,000 or so.

Seniors shouldn’t look at keeping on keeping on working as punishment. A University of Maryland study showed seniors who continued to work past 65 had fewer disabilities and diseases than those who took early retirement.

 

 

 

 

 

 

 

 

 

 

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About the Author

Randy Place
RANDY PLACE is a job finding coach, author, writer on career topics, broadcaster, and host of www.yourcareerservice.com For 23 years, he helped over a thousand downsized employees at JPMorganChase find jobs. He also coached executives at CBS, Pitney Bowes, and major outplacement firms in New York on job-finding, communications skills, and sales strategies An accomplished seminar leader and speaker, Randy has designed and presented workshops on job finding and sales training nationwide. His nationally syndicated radio series, Your Career Service, has been heard on over two hundred radio stations in the US. Randy is the author of “Your One-Minute Job Finding Coach” and writes about career topics on www.yourCareerService.com. His articles about job finding have appeared in the Wall Street Journal’s National Business Employment Weekly. A former sales executive at NBC, broadcast journalist, and commercials spokesperson, Randy holds a Bachelor’s in Broadcasting from Syracuse University, and a Master’s in Journalism from NYU.

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