VIEWS: 7 PAGES: 1 CATEGORY: Legal POSTED ON: 1/3/2013
Will you live longer if you retire at age 55? Sounds nice. More time for relaxation, travel, and other leisure activities. Reduced stress, easy living, right?
Will Early Retirement Harm You? Will you live longer if you retire at age 55? Sounds nice. More time for relaxation, travel, and other leisure activities. Reduced stress, easy living, right? However, if you’ve worked all your life, retirement may not help you live longer. The change in your lifestyle may even bring about an earlier death. Shell Oil employees were surveyed over a 30 year period. People who retired when they were 55 years old died at a younger age and at a significantly higher rate than their peers who retired at age 65. In fact, death was almost twice as likely for the younger retirees in comparison. As the retirement age increased, study participants experienced improved life expectancy. Except for failing health as a reason for retirement, study results showed that association with longer life expectancy is not the case for early retirement. The specific findings of the study included: Mortality rates for participants who retired when they turned 55 were significantly higher than for those who retired at 65. The range varied by socioeconomic groups. Those who retired at age 55 in the high socioeconomic group were 20 percent more at risk of death. Those in the lowest socioeconomic group saw a 60 percent increase in terms of risk. Men were 80 percent more likely to die than women if they retired early. Clear indications from the study say that busy people are blessed by longer lives. Stay Involved if Retired or Not Working may keep you busy. However, staying active and involved with life is really the key to enjoyable and healthy longevity. Being active and engaged in the community, making contributions to your community, will help you live longer whether you are retired or not. Protect yourself with good Estate Planning as well. Minko Law Office in Brooklyn can help. Please contact us for assistance. Experienced estate planning attorneys Brooklyn NY of the Minko Law Office offers estate planning and business planning resources to residents of Brooklyn NY. To learn more about these free resources, please visit www.minkolaw.com/ today.
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