Don’t Plan on Working Past 65 for FInancial Planning
The Globe and Mail article Thinking of working past 65? Think again, brings some unfortunate news from McKinsey & Co.
“While preretirees expect, on average, to work until age 67, the average age of retirees was only 59. Equally sobering, a full 40 per cent of retirees were forced to stop working earlier than they had planned, largely because of health problems or job loss,” McKinsey reported.
According to the article, the problem stems from many factors, including age discrimination. What that means is that the next time any of us run a retirement calculator, you might want to lower the age you expect to retire for your own peace of mind. Read the article.
