Reporting on a Gallup poll, today, is an article that posits the new ideal retirement age is 67. This poll reflects the opinions of over a thousand people. Those opinions of the right age to retire have changed over the last several years, with the expected retirement age going up, and up.
We have been brainwashed that 65 is the age to retire. We also find that corporations tend to get rid of older, higher paid workers. My experience is such that I was laid off at age 57 from a sales job, and when looking for work discovered that nobody is going to hire a grey-headed salesman. The only sales positions available are those that pay commission, only, and are primarily low-income, telephone based sales positions.
At some point, you will find yourself taking Social Security payments. Social Security is nothing more than extended unemployment income for someone over the age of 62..
The government is pushing the Social Security retirement age past 65, and workers are being forced out of jobs at age 60 or before. A large part of the unemployed in the US is that population of pre-retirement age adults that cannot get a job. These are the people who have given up seeking employment.
Maybe you think that our drift into a socialism will mitigate the problem with the government taking care of you.
The government is looking harder and harder at the wealth accumulated in 401K’s and IRA’s. The government has long wanted to take that money and give it to those who have failed to plan for their retirement. They think you are more fortunate than others, and you should share. That is the government mentality.
So, all that hard work with accumulating money for your retirement can be gone in an instant. Your job can disappear in an instant, and so can your wealth.
The new American retirement system is called, unemployed. Good luck with that.