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In reply to the discussion: Are you planning on working in retirement? [View all]CTyankee
(68,162 posts)72. As the article points out and I point to my own experience, this just doesn't happen for most of us.
You can get sick and unable to continue at your job, you can be the victim of age discrimination and "eased" out, or you can have family responsibilities that force you to quit.
For years, we were told to save our money in 401(k) accounts and we could retire comfortably and this was a crock. For one thing, people like me just weren't making enough money to make substantial contributions to the fund and pay our bills. You end up limping along with 50 bucks deducted every week from your pay and then the recession hits and you are laid off and too old to get hired because you have old skills and they want younger, cheaper workers. It's a vicious circle...
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I am traveling too but my husband has had a couple of back surgeries so I've had to be
CTyankee
Mar 2014
#19
I used to think that, too. And so many co-workers said the same thing: "I'll never be able
CTyankee
Mar 2014
#10
Or work for non-profits all their lives, as I did, where pensions were scarce as hens teeth...
CTyankee
Mar 2014
#18
I had planned to.....but, I was downsized. Then, as a contractor, my contract wasn't renewed.
LongTomH
Mar 2014
#5
Hi, fellow mainframer. I'm going to be 66 in July and am still employed full
sinkingfeeling
Mar 2014
#7
I found out that my boss was planning on getting rid of all the women on the staff who were
CTyankee
Mar 2014
#13
as the labor lawyer told me: "One day you're doing great and the next day you can't tie
CTyankee
Mar 2014
#22
That sounds sensible. Your having a pension is great. I had no such thing. If it weren't for
CTyankee
Mar 2014
#15
I already am doing so. I retired after 30+ years as a public school teacher ...
11 Bravo
Mar 2014
#16
my s.i.l. had similar good fortune as a retired teacher up in New York. Her pension was
CTyankee
Mar 2014
#20
well, we had to hire a contractor but luckily we had the money from saving all our
CTyankee
Mar 2014
#32
Will work as long as I have a choice to pick up some extra money, even if minimum wage.
Hoyt
Mar 2014
#27
well, that was the other point made in the article. You still face obstacles as I have recounted
CTyankee
Mar 2014
#39
My wife and I are retiring early at the end of the school year (june 2014). Have not decided
kelly1mm
Mar 2014
#36
I might. I'm thinking of retiring this summer and I already have an offer to consult if I do.
badtoworse
Mar 2014
#48
Yes. Self employed so will be working for as long and as much as I choose nt
riderinthestorm
Mar 2014
#50