Working Longer: The Solution to the Retirement Income Challenge
Posted on 04 September 2008
Permanent URL of this article: http://retirementrevised.com/retirement-planning-books/working-longer-the-solution-to-the-retirement-income-challenge
Most people say they don’t plan to retire until they turn 65. But that’s not what we’re actually doing. More than half of Americans actually retire at age 62–even though it’s not usually the best decision. Working even just a few additional years can pay a big bonus in long-range retirement security.
That’s the prescription offered in a new book by two of the nation’s top retirement experts, Alicia Munnell and Steven Sass. Munnell is director of the Center for Retirement Research at Boston College; Sass is the Center’s associate director.
“Working Longer: The Solution to the Retirement Income Challenge” looks at the governmental policies, business practices and individual decisions that go into the decision to retire. The authors conclude that we need to find ways to encourage people to keep working longer.
This is an excellent, important book–but written mostly for policy experts.
January 9th, 2010 at 11:09 am
Would be easier to work longer if employers were more willing to hire and keep older workers! What I’ve found, since my initial job retirement at age 57, is that I can pretty easily get part-time or retail jobs that pay considerably lower salaries — but I’ve had a challenge finding employers who want to pay me a larger salary for a more challenging job.
January 9th, 2010 at 11:59 pm
Ruth, this is a big challenge, without a doubt. Here’s a link to other articles on the site dealing with the topic of age discrimination:
http://retirementrevised.com/tag/age-discrimination