Why Seniors Should Keep On Keeping On Working

FORGET ABOUT YOUR GOLDEN YEARS. Financial advisors tell older workers to hold on to their fulltime jobs longer.

That’s because you’re living longer these days and can’t afford to retire at 65. You haven’t saved enough money to provide for your needs over the next twenty or so years. The cost of living keeps going up. And so do your taxes. Besides, who can afford to cover costs on social security checks alone.

“The more one works, the less likely they’ll worry about running out of money during retirement,” says financial planner Robert Karn in a printed report. So forget about your golden years and hold on to your full time job for as long as you can. If you can’t work full time, find a part-time job where you can bring in an annual income of $25,000 or so.

Seniors shouldn’t look at keeping on keeping on working as punishment. A University of Maryland study showed seniors who continued to work past 65 had fewer disabilities and diseases than those who took early retirement.

About the Author

RANDY PLACE IS A JOB-FINDING and executive coach, writer on career topics, broadcaster, and host of yourcareerservice.com. For twenty-three years, he helped thousands of employees who had been let go from JPMorgan Chase find jobs. And he coached executives at CBS Television, Pitney Bowes, and major outplacement firms in New York on job-finding techniques, communications skills, and selling strategies. An accomplished seminar leader and speaker, Randy has designed and presented workshops on interviewing, telephoning techniques, job-search writing, and sales training nationwide. Randy's groundbreaking nationally syndicated radio series, Your Career Service, has been heard on over two hundred radio stations across the United States. And his articles on career topics have appeared in the Wall Street Journal's National Business Employment Weekly. A former broadcast journalist in New York, he has also been a commercial spokesperson for an array of national and regional advertisers. In addition, Randy was a sales executive at NBC Radio and the New York City sales manager for syndication at Wolper Productions. He holds a Bachelor's in Sociology and Broadcasting from Syracuse University, and a Master's in Journalism from New York University.