Reply to Why are people obsessed with putting $$ in retirement?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous]Agree with the PPs above. When people go on about - oh it’s only lazy bums retiring at 65, I think they forget industries vary. If you’re a tenured professor or a govt paper pusher with a lifetime job or in some field that ends up being so high demand at 65 that you can work until you choose to quit, great. Don’t save. For many others out there including in fields that are always pushed in these boards like STEM, push outs at 50 or 55 are very real; lots of law firms are also now super strict with their retirement at 65 clauses. And while everyone says, so what go hang a shingle - let’s be real in fields like engineering and law the majority of the million dollar projects/cases you worked on for 30 yrs aren’t going to solo practitioners - with your own firm started at 50 or 65 you easily could be taking a huge cut from your salaried job bc of lack of business and costs like healthcare. I’ve seen one mechanical engineer after the next laid off in their 50s or early 60s. And frankly even in regular “business” jobs, the threat of layoff just increases as you get older and higher prices for the company. So if working until 80 is guaranteed for you, great. But realistically everyone should think thru what happens if there’s a “forced retirement” earlier than planned.[/quote]

Meh. Expert witness testimony is a lucrative field for retired white collar workers. We just had one who is 80 years old. The firm puts them up, pays for food and travel, and they often charge $$ per hour. No need to stress about hanging your own shingle at 50.[/quote]

Right. Bc EVERY field in America requires expert witnesses - IT, commercial litigator, insurance claims payer - oh they can all be experts, no problem. Right . . . . And PP is right, my firm does a ton of tech litigation and not once have I seen an expert retained over age 40; recently they’ve been much younger as cases involve emerging tech that is often developed by younger workers.[/quote]

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