The Big Debate: Should we retire later in life or not at all?
The magic age of 65 spells retirement for many. But could this be too soon? Many say yes, including the government.
Life is short, but understanding how to live it takes a long time. Actually, life isn’t that short anymore, but it seem we’re no closer to understanding what we should do with our “twilight years” says Ian Wylie, a freelance writer who was quoted in a recent article for a European magazine. He feels we should “retire” retirement for good!
Not so, says Rosie Carr. “Ask anyone who is in their 50’s or 60’s if they would be happy working until they are 75 and their answer is likely to be a firm NO.”
Many politicians are suggesting that the best way to solve the problem of aging populations is to force everyone to keep working as this would cut down on writing checks to those who are of age to receive Social Security and Medicare. By working, you still are earning, and this could allow the maximum ages to start collecting these benefits to rise.
With the concern that Social Security will run out during the baby boomer lifetime, this is a serious issue with consequences. The best way to protect yourself is to take control of your financial future starting today! Plan on having the money you need no matter what age you decide to retire. This way, you won’t have to be dictated as to when you must retire; you can do this your way, on your own timeline.
The first way to get started is with a self-directed IRA. Contact your local Entrust office for more details. www.thenentrustgroup.com