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Reply to "Why do people think Retirement Age is 65?"
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[quote=Anonymous][quote=Anonymous]80% of people retire because they lose their job and then can only find work that pays much less, or for health reasons. It's only for the most part the wealthier professional class that has the option to work longer. Retirement is optional for only 20% of the population.[/quote] +1 DH got laid off at 60 and chose to retire vs. taking a much lower paying job. It was only about a year older than we'd been planning for so it was fine. My dad got laid off in his mid-50s and never found another professional level job. He patched together work as handyman and facilities manager for their local community center for another decade. Fortunately for both, the wives were able to provide health insurance via our jobs. [/quote]
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